Tag Archives: fixed rate mortgage

Did you know your mortgage rate is adjustable?

Under today‚Äôs current economic climate people are always on the look out for ways of saving money and paying less for virtually everything. To reduce your monthly outgoings closely examine your mortgage policy to see whether your mortgage rate can … Continue reading

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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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Those Low Mortgage Interest Rates Look So Good!

Tempting! Nice if you can get them. Are they a fake? No, they’re real, but they only for the top tier, those with sterling credit and solid proof of income. Lenders are keeping mortgage interest rates higher than would be … Continue reading

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Record Low Mortgage Interest Rates Tantalizingly Out Of Reach For Millions

About 12 million homeowners are underwater on their mortgages and will not be able to refinance. Credit standards are higher than ever. Home prices keep falling. Report: The average rate of a 30-year fixed-rate mortgage fell to 3.94 percent, Freddie … Continue reading

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The Best Mortgage For Your Lifestyle

Mortgages can be confusing. What works for one won’t necessarily work for another. Different lifestyles require different mortgages. The 30-year fixed rate mortgage is the traditional choice but over the past 20 years, there has been an explosion of choices … Continue reading

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The Subtle Positive Effects On Housing Of Lower Mortgage Interest Rates

Most news stories about housing and low mortgage interest rates stress the negative. That the lower rates aren’t translating to a boom in home sales or an increase in home prices or a jump in mortgage applications or more housing … Continue reading

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Economists Don’t Expect Mortgage Interest Rates To Decline Further

Notice how over the past four years, economists have kept saying that they don’t expect mortgage interest rates to decline further. And then the mortgage interest rate keeps going down. Economists are now saying that our record lows are not … Continue reading

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How Do You Like Having Fewer Mortgage Choices?

I read the news today that Bank of America is closing down a lending division. How do you like having fewer financial choices? The Dodd-Frank bill in particular and onerous government regulation in general have significantly narrowed choices for consumers … 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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Millions Of Americans Can’t Refinance

At least 2.3 million American homeowners who would benefit from mortgage refinancing can not refinance due to two principle reasons — low credit scores and a lack of equity in their homes. Long-term fixed rate mortgage interest rates are around … Continue reading

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