50-Year Mortgage Idea Falls Flat – Information from Prestige Capital Bill Pulte, the current Federal Housing Finance Agency director, floated the idea of introducing a 50-year fixed-rate mortgage last week on social media. However, that may not be a viable solution to affordable housing. This might be a case where the “cons” outweigh the “pros.”…
Rates Have Eased – See if a Refi with Prestige Capital Makes Sense for You A quick market update: mortgage rates have eased recently as inflation data continues to show gradual improvement. That shift is giving many homeowners a new opportunity to lower monthly payments, shorten their term, or access cash for projects—without overpaying to do it.…
Mortgage Rate Updates from Tracy Shaw of Prestige Capital The Federal Reserve met last week, and announced they would hold the Federal Funds Rate steady for now, as most investors predicted. The benchmark rate has been 4.25% to 4.5% since last December, as the Fed awaits more data to evaluate the impact tariffs will have…