Prospective homeowners (and anyone looking to refinance) have been pleasantly surprised with U.S. mortgage rates for 30-year loans. Rates have fallen to their lowest levels since April 2015, when the average was 3.68 percent. “Another week, another drop in mortgage rates,” has been the mortgage industry’s mantra since the Federal Reserve and its Chair Janet Yellen announced the decision in December to raise the short-term rate. Low interest rates, which translate to reduced costs for borrowers, could not have arrived at a more opportune time; the U.S. housing market is entering its most active selling season.
In a statement last Thursday, Freddie Mac announced that the average rate for a 30-year fixed mortgage was 3.72 percent, down from 3.79 percent the previous week. This marked the fifth consecutive week of falling mortgage rates. The unexpectedly low rates are largely being attributed to volatility in the global market. The yield on the 10-year Treasury bonds dropped 15 basis points and 30-year mortgage rates fell 7 basis points. Mortgage rates and Treasury bonds are closely tied, so a good way to forecast which way mortgage rates are headed is to look at the 10-year bond yield. Characteristically, when bond rates (bond yields) rise, interest rates rise as well, and vice versa. Fed policymakers will meet again in March; however, economists strongly believe another rate hike will not be likely until June.
Our Loan Originators are available to help you understand your mortgage options based upon your individual qualifications. If you have any questions pertaining to mortgage interest rates, the loan process, or anything mortgage related, give us a call or stop by one of our local branches!
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These decadent desserts are perfect for Valentine’s Day or any special occasion! This recipe is super simple and takes the guesswork of how to make mouth-watering and beautiful treats.
16 ounces milk, semi-sweet, or dark chocolate chips
2 pounds strawberries
2 tablespoons shortening
Non-perils, sprinkles or other decorations
Rinse and pat dry the strawberries - drying the strawberries will help the chocolate stick better. After washing, insert a toothpick into the top of each of the strawberries.
In a double boiler, melt together the chocolate and shortening. You can also microwave the chocolate. Use a microwave safe container to melt the chocolate and shortening. Microwave the mixture in 15 second increments to avoid burning the chocolate. Continue heating the chocolate and shortening until they are blended and smooth.
Next, dip the strawberries in the chocolate mixture by holding the toothpick. Then turn the dipped strawberry upside down and push the toothpick into the foam block. You can also place the strawberries on a cookie sheet lined with parchment paper to cool. Before the chocolate has completely hardened, sprinkle your decorations on the strawberries to add texture.
Now that winter is in full swing, the gloomy weather can be a little disheartening. But don’t worry! Here are our top five tips on how to stay energized this winter.
Get Moving. Adding exercise to your routine (inside or outside) can help improve your mood and help boost your energy. If you want to spend time outdoors, there are plenty of winter activities to participate in. Snowshoeing, ice skating, skiing, snowboarding…the list goes on! Even walking is a great way to get moving.
Socialize. Spending time with your friends and family after the hustle and bustle of the holidays is important. Withdrawing and staying home can actually make you feel worse! So try visiting with friends or making some new ones. Get out there!
Shed Some Light on the Situation. We are exposed to less sunlight during the winter, which can affect how our body produces Vitamin D (an important part of bone health and overall wellness). Less sunlight can also mean a dip in your mood. Getting outside or sitting by a light box for as little as 30 minutes a day can put some pep back in your step. And make sure your blinds are open to let as much light into your home as possible.
Keep up with Your Resolutions. Having a focus can help you look past the snow drifts and chilly weather. And checking items off your list gives you a sense of accomplishment. Continue to persevere and keep up the good work!
Have Fun! Listen to your favorite music. Plan a vacation. Volunteer. Take a class. Trying something new and exciting is a great way to stay active and beat the winter blues.
Homestead Funding Corp. is proud to announce that McGlone Mortgage Company, Inc. has joined Homestead and will now be known as Homestead Funding Corp. dba McGlone Mortgage Group. Founded in 1999, McGlone Mortgage Company, Inc. is headquartered at 3701 Evergreen Drive, Appleton, WI 54913. The McGlone team has been committed to helping their clients find the best mortgage solutions for over fifteen years. Currently, McGlone Mortgage group is licensed in seven states with licenses pending in eleven others.
As a consumer-direct lending platform, McGlone Mortgage Group will be utilizing the resources, tools, and technologies that have helped Homestead Funding Corp. grow to an industry leader in the Eastern half of the United States.
In addition to helping customers beyond Homestead and McGlone’s current geographical footprints, the two companies working together will allow all employees additional opportunities for growth in other areas of the mortgage industry.
About Homestead Funding Corp.
Homestead Funding Corp. is a multi-state licensed mortgage banker with branches located throughout the eastern U.S. In operation since 1995, our corporate headquarters is located in Albany, New York where we have perennially been the area's largest independent mortgage lender. We have tens of thousands of satisfied customers, originated billions of dollars in residential mortgage loans and maintained a reputation of exceptional service, honesty, integrity and financial reliability.
About McGlone Mortgage Company, Inc.
Founded in 1999 and headquartered in Appleton, Wisconsin, McGlone Mortgage Group is committed to helping clients find the right mortgage product. We understand that every borrower is different, and we offer a variety of products to meet each individual’s requirements. We make the process of securing a mortgage simple and straightforward by offering the latest financial tools that enable customers to make sound financial choices.
“McGlone Mortgage Group is an ideal fit with Homestead Funding Corp., and we are thrilled to have them become part of the Homestead family”, said Mike Rutherford President and CEO of Homestead Funding. “Our company cultures are very similar with regard to business operations, customer service, and employee experience. We believe the McGlone Mortgage team will be an important asset as Homestead Funding Corp. expands its presence throughout the United States.”