By now, you’ve likely heard that the Feds will be raising interest rates several times in 2022 to address rising inflation. We’re already seeing mortgage rates begin to increase from their all-time lows interest rates. However, we want homeowners and home buyers to realize this isn’t a black or white situation. Mortgage interest rates are
It’s just become more expensive to get a mortgage on a second or vacation home. First, let’s define what a second home or a vacation property is versus an investment property. An investment property is purchased to rent out to others and not used as a permanent residence. A second home or vacation property is
Are you aware of the difference between an Interest rate and an APR and why it’s important to know what the APR is when you’re buying a home? The difference between APR and interest rate is this: the APR (annual percentage rate) is not just the interest rate but rather is a marker that illustrates the total
At Indigo Mortgage, we get Colorado borrowers who call and say they have received emails or ads with mortgage interest rates to purchase or refi their home as low as 1.75%. They ask if we can offer them that kind of low interest rate. Our response is that we can offer any interest rate they
As 2021 wraps up, you’ve probably heard the news that the Federal Reserve has had meetings and announced their plan to address rising inflation across the United States. There are a few actions that the Federal Reserve can take to try to lessen inflation, namely raising the federal funds rate and quantitative easing. Today, the