by pwinum@lynxmortgageny.com | Feb 6, 2024 | Lynx in the News, Mortgage Rates, Mortgages
Market Insight The past week in the mortgage market saw relatively stable bond prices, resulting in flat rates overall. Economic data releases caused notable fluctuations, with mid-week improvements driven by weaker-than-expected ADP employment figures and modest...
by Access | Jan 9, 2023 | Lynx in the News, Mortgage Rates
The average long-term mortgage rate rose to 6.42% this week, ending a streak of six consecutive weeks of falling rates, according to mortgage giant Freddie Mac. Last week, the average 30-year fixed rate was 6.27%. That was a marked improvement from late October and...
by Access | Jun 8, 2021 | Buying a home, Mortgage Rates, Selling your home
A year ago, home sales ground to a halt. No one wanted to buy or sell or even enter a home; but just a few months later, housing hit the gas pedal, and prices followed. In Long Island, home prices in both Nassau and Suffolk counties (both within the Long Island...
by Access | Feb 9, 2018 | Mortgage Rates
Why do Mortgage Rates Change? Why do mortgage rates change? For those who are not deeply involved in the mortgage industry, it may seem like a question that has no clear answer. We’d like to take a few moments to shed some light on why mortgage rates change and help...
by Access | Nov 18, 2016 | Mortgage Rates
Why Mortgage Rates Change Why mortgage rates change — we’ve all seen the advertisements in print and on television that claim “mortgage rates are at historic lows.” The truth is mortgage rates are in a constant state of flux, and changes may be small or large,...
by Access | Sep 12, 2016 | Mortgage Rates
Three possible reasons your mortgage rate is too high. So, your mortgage rate is too high. Have you ever sat at your kitchen table, reviewing your bills and wondered why? Well, if you’ve finally come to the realization that you are paying too much for your mortgage,...
