The Fed has kept interest rates low since the start of the COVID-19 pandemic to make borrowing more accessible to both consumers and businesses. A low rate makes short-term loans more affordable, which in turn makes it easier for people and businesses to acquire the things they need.

If you’re thinking about buying property in 2021, one of the most important things to consider is the current mortgage rate. While mortgage rates are only one determining factor in how you reach your property goals, they do have a direct impact on your monthly and yearly finances.

Can you think of many (any?) things that will cost LESS in 2021? Among the items on this shortlist is the cost of mortgage money. While we can’t predict the direction of mortgage rates in 2021, we can tell you that the Limits (caps) on lower costing mortgages are set to expand on January 1, 2021.

We’ve counted 17 different reasons why someone would refinance their home. Lowering the rate is only one of those reasons, and that reason, in itself, is not always in your best interest, regardless of the rate. Let’s look at a few potential reasons NOT to refinance to lower your rate. “I can save $50 a […]

When is the correct time to Refinance my Mortgage? Our clients often ask us if there is a “rule of thumb for refinancing my mortgage?” A mortgage has two primary components: the Interest Rate (cost of money) and the Terms (amortization, aka length of repayment). Related to the decision to refinance are the Loan Costs […]