Why Aren’t ARMs More Popular in This Increasing Interest Rate Environment?

The answer to this question involves an intricate dance between risk, time, and interest—all depicted in a single graph: the Treasury Yield Curve.

Overcoming Rising Rates: Solutions to Unlock Your Dream Home with BankSouth Mortgage

If you've been keeping up with the news on interest rates, you might feel discouraged about achieving your dream of owning a home. But fear not! At BankSouth Mortgage, we're here to empower you with practical solutions that will help you conquer…

Interest Rates: How Are They Determined?

Did you know that mortgage interest rates vary from person to person? Interest rates are based on specific criteria, which can vary between financial institutions. Lenders use several factors to determine the interest rate for each borrower.…

“Paying Points” to Buy Down Interest Rates

In this interest rate climate, it’s nice to have options for reducing what may otherwise be considered a high-interest rate. This is where “paying points” to buy down interest rates could be beneficial! It’s a great alternative for today’s…

Know Your Mortgage Loan Options

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Major types of mortgage loans include: Fixed-rate loans. Because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans remain the most popular type. Most fixed-rate mortgages are for loan terms of 15…

The Truth About Mortgages

We’ve been hearing from clients who are concerned about mortgage interest rates. We’d like to offer some reassurance from the front lines. After all, we’re still helping homeowners and homebuyers every day. While interest rates have…

Why is the Fed hiking rates, and does it affect mortgage rates?

The U.S. Federal Reserve has hiked rates a few times this year. You may be wondering, why is the Fed hiking rates, and does it affect mortgage rates? Most likely, we have all recently said or heard, “Can you believe the price of gas and…

Fixed-Rate vs. Adjustable-Rate

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What is an ARM, and does it matter? When it is time to get a mortgage, it’s important to compare your options. There are two different types of mortgages, a fixed-rate mortgage and an adjustable-rate mortgage (ARM). A fixed-rate mortgage…
The Fed, Policy Rates and Inflation – What This Means For Mortgage Interest Rates

The Fed, Policy Rates and Inflation – What This Means For Mortgage Interest Rates

At their most recent meeting, the Federal Reserve moved policy rates up by 0.5%. The Fed’s announcement is the biggest increase to policy rates since 2000 and is an attempt to tame inflation. Because this increase was expected, interest rates…

Fighting Inflation, Rate Impact

Looking to purchase or refinance a home? It may pay to act before rates rise further! Here’s why: On November 22, President Joe Biden announced the re-nomination of Federal Reserve Board Chairman Jerome Powell. Both said they are focused…