Considering Buying a Home in St. Louis? Here’s What You Should Know About Mortgage Points
If you’re thinking about purchasing a home in St. Louis, you’re probably aware that mortgage rates are much higher now compared to the historically low rates of the last decade. While today’s 7% rates are slightly better than last year’s peaks, they’re still far from the 3% or 4% mortgages…
As a St. Louis mortgage broker, I’ve seen mortgage rates continue to trend downward, despite recent fluctuations. Just a few weeks ago, we were on the verge of seeing rates dip below 6%, especially after the Federal Reserve announced a rate cut. However, a hotter-than-expected jobs report pushed the 30-year fixed rate mortgage back up to around 6.5%, and we’ve seen rates climb closer…
Looking to buy a home in St. Louis? Mortgage rates are a crucial factor, and recent news might have you confused. Here at Carlson Mortgage, we’re here to clear the air and help you secure the best possible rate for your dream home.
Fed Rate Cut, Rising Mortgage Rates? What’s Happening?
The Federal Reserve recently lowered interest rates, a move typically leading to lower mortgag…