Mortgage refinances in 2020 were up over 100% from previous year’s levels. Beyond the fact that many decided to refinance their mortgages while rates were low, many decided to refinance for more than their previous mortgage. These types of cash-out refinances can have implications on the overall market. What do last year’s cash-out refinance numbers say about the health of the housing market?

For the first time since July of 2020, mortgage rates climbed about 3%. Chances are very slim that rates will drop any lower and might actually increase. The team at Peoples Choice Mortgage is here to discuss what rising mortgage rates mean for homeowners and home buyers.

Rock bottom mortgage rates have been the fuel for the real estate market’s revved up engine. Since that is the case, what does the future hold for mortgage rates and what does it mean for the market? The team at Peoples Choice Mortgage is here to walk you through some of the important things to be aware of when it comes to mortgage rates.

Low mortgage rates made 2020 great for homeowners in another respect. It presented the opportunity to refinance their mortgages. Where does the refinance market stand in the beginning of 2021?