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How Does the Stock Market Affect Mortgage Rates?

When there are dramatic swings in the stock market, you may wonder how mortgage interest rates will be affected. What is the relationship between mortgage rates and the stock prices? Do they move together or in opposite directions?  Stocks and Mortgage Rates Both Mimic the Economy While the stock market is not directly related to mortgage rates, both are based on the basic movement of the economy.  When things are going swimmingly, both stock prices and mortgage rates tend to rise. They both generally fall when the economy is faltering. When investors are concerned about nation...

September 4th, 2019 | Interest Rates, How Does the Stock Market Affect Mortgage Rates?

What’s More Important: Lower Home Prices or Mortgage Rates?

When buying a home, there are several factors that affect how much mortgage you can afford. Two of the most important are the property prices and current mortgage interest rates. Is it better to search for the absolute lowest rate or is it more helpful to choose a less-expensive home? Here’s how the two factors are related and how to make the right choice. Mortgage Rate/Home Price Relationship Since higher mortgage rates make homebuying more expensive for buyers, you might think that home prices would tend to fall during high rate climates in order to compensate for those costs. Un...

July 31st, 2019 | Purchasing a Home, Interest Rates, What’s More Important: Lower Home Prices or Mortgage Rates?

Three Simple Ways to Lower Your Mortgage Interest Rate

It is important to remember that it is absolutely possible to lower your mortgage interest rate later on. If you are living in the Coral Gables area, then it is wise to consider working with a Mortgage Broker to find the lowest rates possible. Have and maintain a good credit score. By keeping your credit score high, lenders will look at you favorably and will provide you a lower interest rate. Making payments on time, having a credit history, and making sensible credit utilization will all help keep your credit score high. Have a dependable job and a good work history. Lenders will be ...

September 17th, 2016 | Broker, Interest Rates, Mortgage, Three Simple Ways to Lower Your Mortgage Interest Rate

Four Things You Need to Know About Home Mortgage Interest Rates

If you are living in the Miami area and you are considering either purchasing a home or refinancing an existing mortgage, then it is best that you consider meeting with a mortgage broker in Coral Gables. By taking this important step, you will be able to learn more about viable mortgage options for your individual situation. Here are four things you need to know about home mortgage interest rates: 1. They Are Tied to Your Credit Score. A common myth is that your credit score does not apply to your mortgage interest rate. This is false because your credit score is what determines how yo...

May 16th, 2016 | Interest Rates, Rates, Credit, Credit Score, Four Things You Need to Know About Home Mortgage Interest Rates