March 13, 2017
Ever since home buying sentiment has started being tracked, there has never been more confidence in the housing market than there is right now. According to Fannie Mae’s Home Purchase […]
Read More...
Mortgage Rates · Mortgage Strategy · News
March 10, 2017
Job growth over the past month exceeded expectations, continuing a trend of the economy growing quicker than expected. For home buyers, this almost certainly means higher mortgage rates. In the […]
Read More...
Home Buying · Mortgage Rates · Mortgage Strategy
March 9, 2017
When you’re in the process of getting a home loan, at some point you’ll have to lock in your mortgage rate. This might be months in advance, mere days before […]
Read More...
February 3, 2017
January saw massive job growth, an encouraging sign for what is generally not one of the busiest months in terms of new jobs. There were 227,000 jobs added to the […]
Read More...
February 1, 2017
After their two-day meeting concluded on February 1, the Fed decided to keep their rate the same. While they decided to keep rates the same, they did express optimism about […]
Read More...
December 14, 2016
For the first time since December of 2015, the Fed decided to raise the federal funds rate. This is only the second time the Fed has raised rates since 2008, […]
Read More...
September 21, 2016
After their two-day meeting came to a close, the Fed announced their decision to maintain the current federal funds rate. The decision wasn’t largely a surprise, but based on votes […]
Read More...
July 22, 2016
FHA loans are not only getting easier to be approved for, but they are now closing with ultra-low rates. On average, FHA loans closed with a mortgage rate of 3.98% […]
Read More...
June 15, 2016
The Federal Reserve decided not to raise rates during their June meeting. The decision came after two days of deliberation. Instead of raising or lowering the Federal Funds Rate, the […]
Read More...
FHA Loans · Mortgage Rates · News
May 23, 2016
Homes Closed With Lowest Average Mortgage Rates in 12 Months April saw the lowest average mortgage rates in one year. Mortgage software leader Ellie Mae reported that the average 30-year […]
Read More...
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
