Interest Rates

19
Dec
2022

What’s Ahead For Mortgage Rates This Week – December 19, 2202

CBC National Bank Financial Reports 0 Comment

Last week’s economic reporting included readings on inflation, retail sales, and the Federal Reserve’s Federal Open Market Committee meeting. Fed Chair Jerome Powell held his scheduled post-meeting press conference and weekly readings on mortgage rates and jobless claims were also released.

14
Jul
2022

Why Banks Don’t Always Give The Best Interest Rate

CBC National Bank Mortgage 0 Comment

If you want to purchase a house, you will probably have to take out a mortgage. There are only a few people who have enough cash to purchase a house outright, so most will go to the bank for a loan.

16
Jun
2022

3 Reasons You Should Trust in a Mortgage Advisor Instead of Trying to Predict Rates

CBC National Bank Home Mortgage Tips 0 Comment

If the time has come to purchase a home and you’ve been perusing the real estate market, it’s possible you’ve also been considering the mortgage options that might work best for you. In the event that you’re already spending a lot of time looking at homes and trying to sell your own, here are a few reasons you may want to leave your mortgage considerations to a professional.

23
Feb
2022

Everything Homeowners Need To Know About Down Payments

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Buying a house is an exciting time, but homeowners also need to make the best financial decision to meet their needs. One of the biggest decisions potential homeowners will face is how much money to put down.

25
Jan
2022

Buying A Second Home As A First Home: What To Know

CBC National Bank Mortgage 0 Comment

Many first-time homebuyers are having a difficult time finding the right purchase. Therefore, a new trend is catching on. Some people are renting in the city, where property values are more expensive. Then, they buy a vacation home in the suburbs. Is it smart to buy a second home as a first home?

18
Jun
2021

FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023

CBC National Bank Financial Reports 0 Comment

The Federal Open Market Committee of the Federal Reserve said in its post-meeting statement that the Federal Reserve expects to raise its benchmark interest rate range twice during 2023. No rate changes will be made during 2022 as the economy continues to recover from the Covid-19 pandemic. The Fed’s current interest rate range is 0.00 to 0.25 percent.

16
Jun
2021

Deciding Whether To Move or Refinance: Which Is The Better Option?

CBC National Bank Mortgage 0 Comment

There are a lot of people who are wondering if now is the right time to move or refinance their current home loan. With interest rates still favorable, a lot of homeowners have the potential to save a lot of money if they are able to secure a home loan with a lower interest rate. There are two ways homeowners can secure a home loan with a lower interest rate. The first is to refinance. The second is to move. Which option is better? There are a few key points to keep in mind.

18
May
2021

3 Reasons Why the Lowest Mortgage Interest Rate Isn’t Always Your Best Option

CBC National Bank Mortgage Rates 0 Comment

One of the more common methods that home loan applicants use to find the best loan program available is to compare interest rates, but choosing the lowest rate possible is not always the best option available. In fact, in some cases, it may be one of the least advantageous options when all factors are considered.

25
Feb
2021

An Overview Of Mortgage Points On Home Loans

CBC National Bank Mortgage 0 Comment

Unless someone works in the real estate or mortgage industry, there is a high likelihood that they are going to run into unfamiliar terms. Appraisals, underwriting, and private mortgage insurance are a few of the examples. One of the most common terms that people might run into is termed mortgage points. Even though the term “points” might sound positive, this is not always the case. What do people need to know about mortgage points?

19
Feb
2021

Variable-Rate VS. Fixed-Rate Mortgages – Which Is Better For Your Financial Situation?

CBC National Bank Mortgage Rates 0 Comment

If you are thinking about applying for a mortgage, it is important that you consider all of the options carefully and that you understand the key differences between them. Let’s compare variable-rate and fixed-rate mortgages to see which might be the best in your situation.

What’s Ahead For Mortgage Rates This Week – December 19, 2202

Why Banks Don’t Always Give The Best Interest Rate

3 Reasons You Should Trust in a Mortgage Advisor Instead of Trying to Predict Rates

Everything Homeowners Need To Know About Down Payments

Buying A Second Home As A First Home: What To Know

FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023

Deciding Whether To Move or Refinance: Which Is The Better Option?

3 Reasons Why the Lowest Mortgage Interest Rate Isn’t Always Your Best Option

An Overview Of Mortgage Points On Home Loans

Variable-Rate VS. Fixed-Rate Mortgages – Which Is Better For Your Financial Situation?

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