Mortgage Rates Are Rising. What’s Next?

Mortgage Rates Are Rising. What’s Next?

Post Post Reposted with permission from ValueInsured. This month the average 30-year fixed mortgage rate reached 5%, the highest since 2011. The rate trend appears to be heading up, as the Fed signals at least one more benchmark rate hike before the end…
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Two First Heritage Mortgage Loan Officers Named to VHDA’s 2018 Top Producers List

Post We are proud to announce that our very own Jeffrey Neilsen and David G. Bridges Jr. have been named to Virginia Housing Development Authority’s (VHDA) Top Producing Loan Officers list for 2018. VHDA’s annual Top Producers list honors the loan…
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Millennials Wish to Own a Home, But Are They Saving Enough?

Post Reposted with permission from ValueInsured. Let’s set the record straight: millennials want to be homeowners. The myth that this generation of twenty-and-thirty-somethings is another group of aimless malcontents drifting around without steady addresses has been dispelled long ago. Millennials have…
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First Heritage Mortgage Opens New Branch Office in Atlanta, GA

Post New branch opening reflects company expansion in response to growing needs of Atlanta housing market First Heritage Mortgage has announced the launch of a new branch in Atlanta, Georgia. The new office (Branch NMLS ID #1761792) is located at 2859…
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Is It The Perfect Time to Tap Into Your Home’s Equity?

Post Reposted with permission from ValueInsured. Last week, Black Knight reported that American homeowners’ tappable equity is at an all-time high, at a whopping $5.4 trillion and 10% above the previous peak in 2005 (with 65% of all tappable equity is…
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First Heritage Mortgage Opens New Branch in Wake Forest, NC

Post First Heritage Mortgage, LLC, has announced the opening of a new branch location to serve the Wake Forest, NC market. The branch is located at 1780 Heritage Center Drive, Suite 203, Wake Forest, NC 27587. The doors to the company’s…
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The “Ideal” Down Payment

Reposted with permission from ValueInsured. When asked about their “ideal” level of down payment, 2 in 3 (68%) millennial first-time homebuyers now say they wish to put down under 20%, according to the latest ValueInsured Modern Homebuyer survey. Naturally, what…
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First Heritage Mortgage Joins Children’s National Campaign to “Make March Matter” for Children’s Health in D.C.

More than 150 local businesses rally the community in inaugural effort to raise $1 million in support of children’s health in D.C.   Washington, D.C. (March 8, 2018) – Today, First Heritage Mortgage, LLC joins Children’s National Health System in its…
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Homeowners vs. Buyers: Who’s More in Tune with Interest Rate Hikes?

Reposted with permission from ValueInsured. Since hitting record-low in summer of 2016 post-Brexit, U.S. mortgage rates have rebounded, with 30-year fixed rate crossing the important psychological benchmark of 4% at the beginning of 2018. Citing a healthy economy and to…
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Is The American Housing Market Healthy?

Reposted with permission from ValueInsured. Last month, Fannie Mae – a perennially reliable source we trust – found a 5 percent-point drop in Americans’ home buying confidence from a month prior, and an 8 percent-point drop from a year ago. At the…
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