CNBC and Bankrate.com just reported that home loan rates are at their all time lows. Yes, all time lows! This is great news for anyone who has yet to refinance to take advantage of the lowest rates ever recorded, or to purchase that new home or investment property more affordable than ever before.
Both 30...
Visit msnbc.com for breaking news, world news, and news about the economy
Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years. For homeowners that missed the Refi Boom of November 2009, it’s a second...
When it comes to buying a home, consumers can no longer shop for a mortgage based simply on lowest interest rate quotes. Today’s home buyer needs good advice from an experienced, educated mortgage professional who has the consumer’s best interest in mind.
For consumers, this means beware of...
Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country. According to this week’s results, the relative rate of a 5-year ARM is extremely low versus its 30-year fixed-rate cousin.
Consider this comparison:
In April 2009, the...
Is now the best time to buy a home? With today’s low home prices, many people may be asking that question. Obviously there are a number of incentives, such as the Homebuyer Tax Credit, that make now a good time to buy. But some consumers may still be wondering if they should wait or if now is the best...