Mortgage News

April 20, 2022

How To Approach Rising Mortgage Rates as a Buyer

How To Approach Rising Mortgage Rates as a Buyer | MyKCM

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans ...

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April 13, 2022

Where Are Mortgage Rates Headed?

Where Are Mortgage Rates Headed? | MyKCM

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American:

“You know, the fallacy of economic forecasting is: Don't ever try and forecast interest rates and or, more specifically, if you're a real ...

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March 30, 2022

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

 

What’s Happening with Mortgage Rates, and Where Will They Go from Here? | MyKCM

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual ...

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Nov. 8, 2021

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates | MyKCM


With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon.

But as ...

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Oct. 31, 2021

The Mortgage Process Doesn’t Have To Be Scary

The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC] | MyKCM

Some Highlights

  • In this sellers market, it is important to be prepared. Applying for your mortgage and being pre-approved should be your first step. Here are some tips to help you prepare.
  • Know your credit score and work to build strong credit. When you’re ready, lean on your agent to ...
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June 22, 2021

Pre-Approval Makes All the Difference When Buying a Home


Pre-Approval Makes All the Difference When Buying a Home

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of ...

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Dec. 21, 2020

The Do’s and Don’ts after Applying for a Mortgage

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You're undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major ...

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