The average 30-year fixed mortgage rate has dropped to 5.99%, down from 6.85% a year ago. This shift is significant—not just as a headline number, but as a real change…

The Federal Reserve kicked off 2026 by keeping interest rates unchanged, holding the federal funds rate at 3.50% – 3.75% after three consecutive cuts late last year. The Fed has…

Loan Servicing: What to Expect After a Real Estate Closing After a loan closes, it is assigned to a loan servicing agency. This servicer manages and maintains the monthly mortgage…

The new conforming loan limits for 2026 have been announced, and Bluefire Mortgage Group is excited to announce that we can now offer conforming loans up to $832,750 starting today….

Many homeowners think refinancing is a way to lower their monthly mortgage payment, but there’s another strategy that can maximize their savings. By refinancing into a lower rate and keeping…

With interest rates high, homeowners are turning to HELOANs (Home Equity Loans) to tap into their home’s equity without refinancing their first mortgage. Lenders have slowly reacted to the increased…

Home prices increased substantially in the past few years. This rapid increase in home prices has resulted in major equity gains for existing homeowners. As a result, homeowners have been…

Recent government changes in immigration laws are preventing non-permanent resident aliens from qualifying for FHA & VA mortgage financing. If you are a non-permanent resident alien hoping to buy a…

You know exactly what you earn, but when qualifying for a mortgage, lenders will look at income somewhat differently and scrutinize details. It’s not just about what’s documented on your…

Interest-only mortgages offer temporary financial relief in payment by allowing borrowers to pay just the interest portion on their loan for a set period. While this can lower the initial…