Author: Burke Mortgage

annual housing spend…

It may seem virtually impossible for you to keep track of what is going on in the world, economy, and politics that can impact the housing and mortgage markets. Mortgage Backed Securities are the only thing government and conventional mortgage rates are based upon.

Increasing inflation and pending recession… what does this mean for those looking to obtain a mortgage to purchase a home? In an effort to fight inflation and avoid recession the Federal Reserve is increasing interest rates. Today, June 15th, the Federal Reserve is hiking the rate by 0.75% in a bid to tackle the mounting Read More

In a recent press release from the Federal Housing Finance Agency (FHFA), house prices have risen 18.7% from the first quarter of 2021 to the first quarter of 2022. The FHFA House Price Index (FHFA HPI®) were up 4.6% compared to the fourth quarter of 2021. more in their press release “U.S. House Prices Rise Read More

As home values continue to increase in Connecticut many homeowners now have equity in their homes. Home Equity FAQs.

News flash……interest rates are on the rise as is inflation. If you are considering refinancing, there is no time like the present as rates are still at historical lows! 

Connecticut’s housing market hottest in the country right now!