Hillhurst Mortgage Blog

First-time home buying, real estate tips, financial advice, and insight into the mortgage industry – we have experts giving you all of the intel.
August 12, 2022

What is a 2/1 Buydown Loan?

I am SUPER excited about this loan program – albeit a dinosaur from Back in the Day!…………………. The program is called, “The 2/1 Buydown Loan”, and it is just what the Doctor ordered for our current real estate and mortgage markets! This is a great program for you to get into the market NOW! – Check […]

3 min read
July 24, 2022

Doug Smaldino’s Market Update for July 21, 2022

3 Things Heading into the Weekend………… New Program! Well, not exactly; more of a Dinosaur: ***The 2/1 Lender Buydown*** – Basically this is a 30 year fixed rate mortgage that starts at 2% below the market rate. It stays at the lower rate for 1 year and then goes up by 1% in year 2. In year […]

3 min read
June 23, 2022

Today’s Fed Rate Hike and What it Means for Mortgage Rates

Not as exciting as (kinda boring actually) everyone anticipated…… stock market up; mortgage rates down.

1 min read
May 30, 2022

July Existing Home Sales Slide Hits 6-Month Streak

ly 2022 Existing Home Sales: What Happened This Month: Existing home sales dropped for a sixth month in July, following a sharp June decline in pending home sales and a fifth consecutive month of waning single-family housing starts. July existing home sales were at a pace of 4.81 million, down 5.9% from June and 20.2% from one year ago. […]

1 min read
May 30, 2022

July Rental Report: Nationwide Rent Holds Steady Despite Big-City Resurgence

July Highlights Rent Flattens and Year-over-Year Growth Continues to Slide The median rent across the 50 largest metropolitan areas in the United States grew by just $3 from June 2022 into July, reaching $1,879. This sets yet another new high for national rent, breaking the record for the 17th month in a row, but it […]

2 min read
May 30, 2022

Freddie Mac – Mortgage Rates Rise Amid Expected Rate Hikes from the Fed

What Happened to Mortgage Rates This Week: The Freddie Mac fixed rate for a 30-year loan jumped to 5.55% this week, in the wake of the 10-year Treasury’s strong advance. Investors are parsing through data highlighting a resilient economy, and keeping an eye on Fed Chairman Powell’s statements tomorrow. Expectations are that he will highlight […]

2 min read
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