Industry

Revisiting the Adjustable Rate Mortgage

Revisiting the Adjustable Rate Mortgage

Since the start of 2022, the average 30yr fixed mortgage rate (as measured by the Mortgage Bankers Association) has skyrocketed 1.84 percentage points, from 3.52% to 5.36%.  On a $250,000 mortgage, that represents an additional annual cost of around $4,600 in...

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Why Brokers are Winning

Why Brokers are Winning

Why are mortgage brokers gaining market share steadily each quarter? Because brokers provide far superior value to homebuyers than traditional mortgage lenders. A traditional mortgage loan officer is a bit like a car salesman working for a particular dealership. A car...

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