Tag Archives: 30 year fixed rate

Mortgage Interest Rates Are Expected To Stay Low For At Least A Year

That’s good news for me because I am carrying $45,000 in credit card debt. If those interest rates went up, I’d be sunk. I can barely get by as things stand. Home prices are expected to stay steady or to … Continue reading

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How To Choose Between A 15-Year And 30-Year Mortgage

If you choose a 15-year mortgage, you will pay dramatically less interest. That’s why such mortgages are more popular than ever. If the federal government keeps backing away from the mortgage market, we will likely see the end of the … Continue reading

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The Survival Of The 30-Year Fixed-Rate Mortgage

I personally could not give a damn whether or not the 30-year fixed rate mortgage survives. I don’t think I’ll ever be in a position to buy a home. I have no assets. I’m judgment-proof. Go ahead and sue me. … Continue reading

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The Benefit Of A Biweekly Mortgage

If you make your payments twice a month instead of once a month, all things being equal, you’ll pay off your mortgage in significantly less than half the time. Conventional 30-year fixed rate mortgages are increasingly hard to get. In … Continue reading

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Mortgage Rates Stay Flat

I’m crossing my fingers and hoping that interest rates remains low. I’m mired in $45,000 in credit card debt. A one point increase in interest rates will substantially raise my monthly payments and make my financial position more precarious. I … Continue reading

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Is Our Housing Market Worse Now Than During The Great Depression?

That’s the analogy constantly used in the news media about the latest housing news (prices are at their lowest point ever according to one index). Here’s a great disection of this media meme, but what I love about this post … Continue reading

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Mortgage Applications Boom As Rates Dip

Mortgage rates are at 2011 lows. Home prices continue to fall. Some people are stepping into the home buying market while others wait, expecting another 10% drop in home prices over the next year. Report: The mortgage rates have actually … Continue reading

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Good Reasons To Refinance

* To lock in a lower rate. * To lower your monthly payments. * To consolidate bills and to pay off credit cards. Bad reason to refinance – to buy some luxury good. The San Francisco Chronicle reports: One of … Continue reading

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Getting The Government Out Of Mortgage Home Lending

I’d like to see a system where lenders can lend money out as they see fit. They should be able to pursue profit, not delusions about “social justice”. The transition to a free-market of mortgage lending will have some bumps. … Continue reading

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Fixed Rate Mortgage Fall For Third Straight Week

From November to February, fixed rate mortgage interest rates jumped by almost a full percentage point. Now they keep dropping, which is good news for the housing industry. Lower interest rates mean mortgages are affordable for more people or that … Continue reading

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