Mortgage Resource Group: Mark & Kathy Foster

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? Well, that depends. ' but putting it off thinking low rates would be around for awhile or waiting for rates to hit bottom, then it means it is time for us to talk. ... Procrastinating from here could cost you money, so you might want to make a conversation a priority. ' , rising rates are not something to panic about. Rates remain very near record low levels, and although they are creeping up a bit they won't keep rising for long. You should however reach out to me so we can discuss if it affects your purchasing power, and how much of a payment change you may see. For most borrowers, it will not be a large monthly increase, and in some cases may simply mean a little bit more in closing costs to get that same low rate you've had your eye on. , . Let me take the guesswork out of it, and I can help you take the right steps to get a great low rate before rates go up too much further. You can call or text me, or reach out by private message or email... whatever is easier for you. .

New 5.0-star Review: "Working with Mark and Kathy was a great experience. They put together a very competitive refinance package for me. They kept me updated, and were always quick to respond when I had questions. The entire process went smoothly and was stress-free. Wish I had started working with them years ago."

, : Average mortgage rates ended the week slightly worse after improving through the middle of the week. ... : Average mortgage rates are likely to get worse this week, creeping up from all time lows. It is a good time to discuss locking in a rate with your mortgage professional and to see if it is an option. Although rates are creeping higher, they are still near all time lows and it remains a good time to consider buying or refinancing. ' : - Stimulus package: President Biden's $1.9 trillion relief package is front and center now that the impeachment trial is over, and expectations that a bill will be passed soon are pressuring rates slightly higher. - Economic data: Although this week has some economic and housing data, it isn't likely to be much of a market mover and shouldn't affect rates. - Fed bond purchases: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates low and generally stable. - Bond pricing: Lenders set mortgage rates based on the pricing of mortgage bonds, and bonds are worsening to levels we haven't seen in months, pointing to at least slightly higher rates.

What's stopping you? (I know it's got to be something...) , ' ... , ' . ' . , ' .... Got some concerns about your credit? Don't worry, I've helped many folks with some credit blemishes or past issues get refinanced or buy a home with these low rates. Think rates will go lower or housing prices will drop? Let's talk about it, and I can show you what waiting is costing you (even if you were to be right). Just bought your home a few months ago or refinanced already in the last year and think it isn't worth checking into again? You may be right, but let's discuss to be sure. I've been able to save clients hundreds of dollars a month, thousands a year, tens of thousands over the next few years... can you really walk away from that kind of money? You don't have to, just reach out and let's discuss it. And if you know of a friend or family member who I should be talking to, please put them in touch with me. I'm here to help, no matter how busy I am at the moment!

, : Average mortgage rates worsened slightly through the week, pressured higher from moves taken by Congress to lay the groundwork for passing President Biden's large fiscal stimulus plan.... : Average mortgage rates could go either way this week, depending on how markets move. Stocks continue to push higher, and bonds may be pressured which could cause rates to worsen. Rates aren't likely to move too quickly though, and instead we will likely see small day-to-day movements in rebate pricing, the credit a lender provides towards closing costs based on what rate you choose, or the cost to obtain a lower rate (often called 'points'). ' : - Stimulus package: Talks surrounding Biden's $1.9 trillion relief package could pressure rates slightly higher. - Economic data: Wednesday's inflation data and 10yr Treasury auction could cause some movement. - Fed bond purchases: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates low and generally stable. - Bond pricing: Lenders set mortgage rates based on the pricing of mortgage bonds, and we could see a little bit of improvement in bonds