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Mortgage | Rhonda Hebert Realty Blog

Monday, August 19, 2019   /   by Angel Murillo

Need a Mortgage Fast? You're in Luck: The Home Closing Process Is Speeding Up

Once your offer on your dream home is accepted, it doesn't mean you can just grab the keys and move in. If you need a mortgage, securing this home loan takes time. The good news is that it's faster now than ever.
According to a recent three-year study by LendingTree, the length of time it takes to get a mortgage—aka closing—is an average of 40 days in 2019. That's down from 51 days in 2018, and 74 days in 2017.
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Cheers,
The Hebert McMahon Realty Team ...

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  first time home buyer, house hunting, mortgage, new home

Wednesday, August 7, 2019   /   by Angel Murillo

Mortgage Rate Forecast

Over the past few months we’ve seen a fairly significant drop in mortgage rates that has been essentially driven by geopolitical uncertainty - mainly caused by the trade war with China and ongoing discussions over tariffs with Mexico.
 
Now, mortgage rates are based on yields on 10-Year treasuries, and the interest rate on bonds tends to drop during times of economic uncertainty.  When this occurs, mortgage rates also drop.
 
My current forecast model predicts that average 30-year mortgage rates will end 2019 at around 4.4%, and by the end of 2020 I expect to see the average 30-year rate just modestly higher at 4.6%.
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Cheers,
The Hebert McMahon Realty Team ...

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  first time home buyer, investing, mortgage, real estate

Wednesday, July 3, 2019   /   by Angel Murillo

Are Your Better Off Paying Your Mortgage Earlier or Investing Your Money?

Few topics cause more division among economists than the age-old debate of whether you’re better off paying off your mortgage earlier, or investing that money instead. And there’s a good reason why that debate continues; both sides make compelling arguments.
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Cheers,
The Hebert McMahon Realty Group

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  house hunting, new home, real estate, mortgage, investing

Rhonda Hebert Realty
Rhonda Hebert & Thomas Sitterly
12707 High Bluff Dr, Suite 115
San Diego, CA 92130
858-945-0644
858-847-8069
CA DRE# 01372413

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