Mortgage Rates and Our Economy

Dear friends and clients,Mortgage rates have again done the incredible by dropping close to their recent records lows. Rates have fallen partly due to the government's announcement that they’re ending a widely-loathed fee. The Federal Housing Finance Agency is abandoning its 0.5% fee on refinances.

August 2021 Home Price Update

Dear friends and clients, Home price growth has accelerated in the past year as buyers frantically competed for a limited number of houses on the market. Prices continue to increase and break records as strong demand collides with low supply. Sales of new and existing homes have declined somewhat in