Homeowners Impacted by COVID-19 In Alabama Get New Mortgage Relief Programs


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MONTGOMERY, Ala. (WTVM) – The Alabama Housing Finance Authority has sent off a home loan alleviation program to help mortgage holders affected by the COVID-19 pandemic. The new program, Mortgage Assistance Alabama, is financed by the Homeownership Assistance Fund laidContinue Reading

Ways to Get Best Rate as Lenders Compete for Your Business in the Increasing Market


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Last updated on February 7th, 2022 at 04:57 pmAs home loan rates rise and fewer property holders consider refinance, contract banks are developing more seriously to win the matter of borrowers.  Borrowers must gauge their choices cautiously to try notContinue Reading

Home Appraiser Checklist while Property Appraisals


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Last updated on January 31st, 2022 at 09:41 amA home evaluation is a fundamental piece of trading a property and in any event, applying for refinancing.  Yet, what do appraisers search for when they visit? In this aide, we’ll coverContinue Reading

Due to Rising Rates the Refinance Applications Drops


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In any event, for seven days containing an occasion, last week was an awful one. The Mortgage Bankers Association (MBA) said its Market Composite Index, a proportion of home loan advance application volume, fell 7.1 percent on an occasionally changedContinue Reading

Mortgage and Refinance Rates Today


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Last updated on September 3rd, 2022 at 12:50 amCompared to last week, refinance interest rates rode higher today. Today the refinance rate of 30-year fixed is 0.20% higher than last week, today the rate is at 3.45%. The refinance rateContinue Reading

Mortgage and Refinance Rates Today


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Over the last few months, the fixed mortgage rates have been rising steadily yet all mortgage rates are at all-time lows today. The Federal Reserve had announced that it will taper its purchasing of assets and mortgage-backed securities. The ratesContinue Reading

Demand for Refinances Falling Even As High Rate in Future Is Visible Clearly


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Compared to a year ago the refi applications have dropped sharply shows a new survey. The lenders warn that mortgage borrowers do not have much time to take advantage of the low refinance rate as it is a known factContinue Reading

Mortgage and Refinance Rate Today


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For the most part of last year and this year, the fixed mortgage rates have been historically lower than adjustable rates. Now, adjustable rates are racing with fixed mortgage rates. The average purchase rate for a 30 year fixed rateContinue Reading

What Caused the Surge in Refinance Application?


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Last week, the first news of the omicron variant, saw a dramatic rise in the demand for mortgage refinance. When looking at the weekly average of the 30-year fixed the drop-in rate wasn’t as dramatic.  According to the Mortgage BankersContinue Reading

Current Mortgage and Refinance Rates


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Last updated on September 5th, 2022 at 09:11 pmAccording to data compiled by Bankrate, across the country, the mortgage rates are mostly up compared to last week.  The market saw an increase in rates for 30-year fixed, 15-year fixed, andContinue Reading