Mike McFarlane, Mortgage Lender NMLS# 1264653

11/10/2024

09/19/2023

Most experts in the mortgage business expect rates to decline slowly over the next few quarters, likely dipping as low as 5% by the end of 2024. Let's hope they can influence Fed thinking with these forecasts.

Mortgage rates are expected to stay elevated through the end of 2023, and they’re unlikely to fall below 6% until 2024, according to top U.S. housing economists.

03/13/2022

https://www.zillow.com/research/2022-conforming-loan-limits-30814/

The conforming loan limit rose to $647,200 in most counties for 2022, up 18% (almost $100,000) from 2021.

08/24/2021

Interest rates unlikely until Nov 2022

The Federal Reserve on Wednesday released the minutes from its July 27-28 meeting.

08/12/2021

Coming soon...more inventory

A significant share of homeowners exiting forbearance programs in coming months will likely end up listing their home for sale.

08/09/2021

Going nowhere

Mortgage rates drop after FHFA removes the refinance fee and delta variant concerns.

07/30/2021

Rates go lower on Covid bad news

Mortgage rates drop after FHFA removes the refinance fee and delta variant concerns.

07/13/2021

The best day in the week to list a home

Home sellers looking to shave time off their sale and potentially maximize proceeds should consider listing their home on a Thursday prior to Labor Day.

07/12/2021

Why it's hard to save for a downpayment

Find real estate research and data from Zillow. Zillow research provides an in-depth look at the real estate market, rental trends, mortgages and forecasts housing data for the United States.

07/05/2021

Rates are still holding steady for now

Mortgage rates jumped late last week in the immediate aftermath of recent statements from the Federal Reserve, before flattening in recent days.

06/30/2021

Here comes a new wave of buyers...young adults have savings

About 3-in-5 young adults plan to use money saved during the pandemic toward a down payment on a home, according to a Zillow survey.