move
Interest Only Mortgages: A Risky Real Estate Move?
Well, let’s examine this information, one piece at a time. The first piece to examine is the basis for the desired interest only mortgage product.
What type of investor is looking for the interest only mortgage? Many of your real estate investors are business people, looking for a way to maximize their profit, while [...]
Mortgage Rates Move Up For First Time In 3 Months
All good things must come to an end. After 12 weeks of falling rates interest rates went up this week. The 30 year rate went back above 5 jumping from 4.96 to 5.12. Below are rates from the last few weeks and October 30 which was when rates first started to fall.
Jan [...]
Refinancing Your Mortgage Can Be A Wise Move!
Refinancing your mortgage may be a good idea, depending upon your specific circumstances. In fact, refinancing may be a smart option for any homeowner. With a refinanced mortgage, interest rates are reduced, and monthly payments decrease as well. Refinance mortgages let you change the terms of your loan from a long-term arrangement to a shorter [...]
Mortgage Rates Move Down
Mortgage rates came down a little this week. We are still not back down to the levels we saw two weeks ago. 30 year rates fell from 5.25 to 5.16. This is a little higher than the 5.10 we saw two weeks ago and .2 points higher than the 4.96 we saw [...]
Mortgage Interest Rates Move Down
Mortgage interest rates moved down this week. 30 Year rates feel back below 6 dropping from 6.10 last week to 5.94. 15 Year rates all fell quite a bit going from 5.78 last week to 5.63 this week. Below are rates for the major mortgage products for the last few weeks.
October 9, [...]
Mortgage Interest Rates Move Down Again But Still Relatively High
Mortgage interest rates moved down again this week. This marks the fifth week in a row where 30 Year mortgage rates have either fallen or held steady. This is of course good news for people looking to buy a house. This is also good news for the real estate market. A [...]