Mortgage Interest Rates

Mortgage Interest Rates Are Going Up

According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate has jumped up.  The last few weeks we’ve seen 3.94% to the current higher rate of 4.03%.   Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. 

Why are mortgage rates going up?  Basically, the better the economy, the higher interest rates will go.

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Mortgage Pre-Approval with Rob Miller | Providence Home Lending

Why Mortgage Pre-Approval is Important

NOTE:  Rob Miller is a lender who cares deeply about his clients and is available when you need him—not when it’s convenient for him!  Rob is there for you on weekdays, weeknights and weekends; whenever YOU want to buy a home!  He takes great pride in education within his field, and has a special dedication to loan programs for veterans. He shares some great advice on preapproval letters below!

—Randy Lenz, Broker/Owner, NextHome Metro Group

By Rob Miller, MLOP, Providence Home Lending

What is mortgage pre-approval and why is it important?

This is a popular question. The short answer is that pre-approval puts you on the right path to buying your home. Knowing your financial situation and strengths before you go house-hunting and propose offers will get you on your way to success.

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