Lower Interest Rates. Higher Standards.

September 1st, 2020

Mortgage interest rates continue to be at historic lows.  That makes it a great time to buy a home – if you can qualify. While the pandemic has kept rates down, banks are hedging their bets against economic uncertainty by raising the qualification standards for getting a mortgage. According to Michaelle Bond, writing for the Philadelphia Inquirer, some lenders are raising the minimum credit score by 100 points, and taking a more restrictive view of debt Read More...

Mortgage Rates are Moving. Is Now the Time to Buy?

March 22nd, 2017

According to U.S. News and World Report, the answer is “yes!” Reporter Theresa Mears notes that analysts expect rates to rise this year, but probably not by more than one-half to three-quarters of a percent, which means rates are predicted to stay below 5 percent for a 30-year, fixed-rate home loan Read More...