Mortgage rates rise slightly but remain near record lows
Wednesday, March 16th, 2011Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
What Wall Street reform means for your mortgage
Wednesday, March 16th, 2011Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn.
Advantages of Getting a Fixed Rate Term for Your Mortgage
Tuesday, March 15th, 2011Buying the house that you had always dreamed of is usually the culmination of a successful career. However, since you probably will secure a mortgage to have your dream house, the biggest consideration would most likely center whether you will go for a fixed rate mortgage or adjustable rate mortgage.
Homebuying basics: What is a mortgage
Tuesday, March 15th, 2011There is often an assumption that everyone knows what a mortgage is. However, many first time homebuyers only have a very basic grasp of what a mortgage is and what role it plays in enabling them to buy a house. The objective of this article, therefore, is to provide a brief overview of what a [...]
Real Estate Matters: Windfall lets 15-year mortgage work
Tuesday, March 15th, 2011We are looking at refinancing this week. We have about $250,000 equity in our home on a 30-year mortgage at 6.2 percent. We are three years into the mortgage.
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