Mortgage Rate

3 disadvantages of prepaying your mortgage

When you get a mortgage, you agree to pay off your loan over a certain period of time. It could be 15, 20, or 30 years – or a different length of time that your mortgage lender accepts. But you can, at some point, decide to repay your mortgage early. …

Read More »

Epic Fed Needle Threading leaves rates relatively unchanged

Mortgage rates were surprisingly stable today as the bond market reacted to a new Fed policy announcement. Maybe “reacted” is the wrong word given the market response. Specifically, the bond market (which dictates interest rates on mortgages and beyond) was hard to distinguish from most other random trading days. It …

Read More »