rates Archives - South Park Mortgage, LLP

Hello, future homeowners! The waves of mortgage rates are shifting, and it’s time to ride the tide with a savvy partner by your side – your trusted wholesale mortgage broker. In a world where rates are making waves, we’re here to guide you to calmer shores and your dream home. Understanding the Rate Surge Did…

Are you ready to take the exciting step towards owning your dream home? We’re thrilled to introduce you to our range of flexible and competitive mortgage solutions that can make your homeownership journey smoother than ever. Whether you’re a first-time homebuyer or looking to refinance your existing mortgage, we have tailored options to suit your…

Mortgage Rates Near 23 Year Highs. Is There Any Hope? Interest rates of all types have been under immense pressure since the beginning of 2022. That’s when the Fed began raising rates at the fastest pace in decades to the highest levels in decades in order to combat a similarly fast-paced spike in inflation. This…

Mortgage Rates and Housing Didn’t Care About This Week’s Fed Rate Hike It’s no mystery that the housing and mortgage markets are facing their fair share of headwinds in 2023, but some blow harder than others. One of the most complicated headwinds is that of Federal Reserve. At first glance, the Fed’s decisions to hike…

Mortgage rates change daily, and sometimes multiple times per day. In this article, “mortgage rates” will refer to the combination of upfront cost and actual interest rate. The 2 Components of Mortgage Rates. For example, if we talk about “higher rates,” it could either mean that the interest rate is higher, or simply that the…