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Mortgage Backed Securities & Major Economic Reports
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.
Rate Hike!!!
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
It’s not just Connecticut… House prices rise in all 50 States
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
Did you pay cash for your home or investment property?
If you paid cash for a property delayed financing may off an opportunity for you. Ask Burk Mortgage about delayed financing, call 860-649-5363 (LEND)
Bloomfield CT Mortgage Broker Testimonial
5-star Mortgage Review from Bloomfield CT
Home Equity
As home values continue to increase in Connecticut many homeowners now have equity in their homes. Home Equity FAQs.
Reverse Mortgages Using the Equity in Your House Now
For those that are 62 years old or older and own a home that has equity in it – a Reverse Mortgage can allow you to access that equity.
New Years Resolution – Create Energy Saving Habits for your Home
Make your New Years Resolution to change energy-wasting habits.
Happy Holidays
The Burke Mortgage team wishes everyone Happy Holidays and health and happiness in 2022!