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Mortgage Rates

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I’ve been meaning to refinance our home for a long time. However, we’ve held off because we weren’t sure where we’d end up, what with my husband finishing school. He’s teaching for two local universities right now, and there is a good chance that we will, in fact, be here for a while. Which means that I am very interested in refinancing our loan. Especially now that the national average for a 30-year mortgage has…

[ad#Content 300×250]Everywhere you look, interest rates are low, low, low. Indeed, interest rates are so low that it is tempting to do any number of things that involve borrowing money. With car loan rates rather low, it is tempting to buy a new car — or even refinance your current auto loan. You might also find that the dropping mortgage rates provide an incentive to refinance the house (if you don’t plan to buy a…

If you are in the market for a home mortgage, you might be in luck. Mortgage rates appear to be going down – again. Indeed, Freddie Mac reports that the average 30-year fixed rate mortgage is going for 3.25%. [ad#Content 300×250] But will mortgage rates fall even further? This is a question that many are asking. Not too long ago, it seemed as though mortgage rates hovering around 5% would be the bottom, and that…

It’s both amusing and frustrating to continue to see history repeat itself in that purported “experts” (who are often really acting out of pure self-interest) dole out advice which is both devoid of sound logic and rationale, but even worse, does not come to fruition. Because I refinanced last year and I’m constantly mulling over a future move, I’ve stayed in tune with what the “experts” have been predicting and what the actual mortgage rate…

You’ve probably heard that we’re in a buyer’s market. Home prices are low, and mortgage rates are low. And, since the home buyer tax credit has expired, there is speculation that home prices could remain low (or head even lower) during the rest of the year. So, even those who think they missed the boat, might find that they didn’t. For many people, this is a great time to buy. It is possible to get…