Prospect Home Finance

01/26/2023

With a cash-out refinance, you could use the equity in your home to invest in yourself, your family, and even a new shiny kitchen.

01/20/2023

While difficulties persist in today's economy, there are still viable options for those seeking financing for their homes. Call us today to go over all options: (858) 788-9475 http://homefinance.com

Fast, friendly, affordable. See today's home finance rates in seconds, schedule a call with a Loan Officer or chat online with a home loan expert.

01/19/2023

usatoday.com/story/money/personalfinance/real-estate/2023/01/18/mortgage-interest-rate-dip-real-estate/11076367002/

"Mortgage applications last week jumped 28% from the week prior, according to seasonally adjusted data. " USA TODAY

Mortgage applications last week were up 28% from the week prior, according to seasonally adjusted data from the Mortgage Bankers Association.

01/12/2023

https://www.usatoday.com/story/money/2023/01/12/cpi-report-data-release-gas-prices-inflation-december-2022/11034854002/

Inflation eased again for the 3rd month in a row following the release of today's Consumer Price Index report. USA TODAY

Inflation slowed again December as sharply falling gasoline prices and more moderate food cost increases offset sharp rent hikes, CPI report shows

01/09/2023

https://www.mortgagenewsdaily.com/markets/mortgage-rates-01092023

Last Friday was a great day for mortgage rates with two important economic reports helping the bond market make serious gains (read more). Mortgage lenders base their rates primarily on the bond market, but they aren't always eager to drop their rates as much as the market suggests on Friday aft...

01/09/2023

https://www.marketwatch.com/story/will-2023-finally-be-a-good-year-to-buy-a-home-heres-what-experts-are-saying-11672327087

"Given the sharp decline in housing sales, bidding wars may become a relic of the pandemic era in 2023."

The housing market went through the wringer in 2022 as rates surged and buyers were pushed out

12/15/2022

https://www.mortgagenewsdaily.com/markets/mortgage-rates-12142022

"On days like today when the Fed has very little new to say in a policy announcement, the market prefers to focus on the dots for guidance."

It's often said here, but bears repeating: by the time the Fed officially announces a rate hike, that rate hike is old news and of no further consequence to financial market movement.  There are exceptions for times when the hike is bigger or smaller than expected, but in today's ca...

12/12/2022

Tuesday December 13th is the day many people have been waiting for ever since Thursday November 10th. What do those two days have in common? They each mark the monthly release of the Consumer Price Index, the official inflation data responsible for some of 2022's wildest trading days.

11/17/2022

https://money.yahoo.com/mortgage-rates-drop-170024003.html Yahoo Finance "Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981."

The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac,

11/17/2022

We finance the first steps - in new homes!

11/16/2022

Let's talk about the current state of mortgage rates.  Before we do, some housekeeping: the following pertains to averages across multiple lenders.&nb,...

11/08/2022

Investopedia https://www.investopedia.com/does-it-still-make-sense-to-re-finance-mortgage-6825344 "You can re-finance in order to free up some of your equity to pay back other debts, or to extend your mortgage term."

Mortgages are more expensive than they have been since 2001, with average rates for 30-year fixed mortgages now higher than 7%. There are still scenarios that might warrant re-financing, however.