Mortgage Rate

Cumberland Offers Lowest Mortgage Rates Ever

The Cumberland launched its lowest mortgages on record after announcing cuts that will allow it to offer a rate of 0.83%. The rate is available on a 2 year variable rate mortgage with a loan to value ratio (LTV) of 60%, which represents a rate reduction of 0.25%. The Cumberland …

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Mortgage rates unchanged to slightly higher

Just like yesterday mortgage rates were unchanged to slightly higher, according to the lender. And again, the differences in pricing strategies depend on timing in conjunction with yesterday’s pricing decisions. Lenders who responded to yesterday afternoon’s bond market losses by raising rates were able to offer a flat offer at …

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Fed on track to slow aid to economy later this year

WASHINGTON (AP) – The Federal Reserve will begin cutting its ultra-low rate policies this year as long as hiring continues to improve, President Jerome Powell said on Friday, marking the start of the end of the extraordinary response from the Fed to pandemic recession. In a speech virtually delivered to …

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How to Navigate the Changing Mortgage Market

Source: Adobe Stock Coming out of the most unprecedented moments that most of us will experience, it can be difficult to look to the future with confidence. With economic conditions constantly changing during the pandemic, many credit unions are wondering how to anticipate the next trends and find opportunities to …

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So much for this second home boom?

Second homes have grown along with the rest of the housing market during the pandemic. Their overall appeal is largely twofold: people buy them to use as a getaway for fun and / or to work from home in a nice place, and / or as an investment home to …

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