rates: Are 30 Year Fixed Rate Mortgages a Thing of the Past?
- 03/26/14 08:12 AM
I guess it all depends on who you speak to these days. The government is trying to phase out the Fannie Mae and Freddie Mac mortgage system, but at what cost? Most of the "experts" in the mortgage industry agree that this will be a step in the wrong direction, but some go as far as saying that home prices will drop, rates will skyrocket, and average people won't be able to afford a home without a substantial downpayment. Without the Fannie and Freddie fixed rate mortgages what will be the alternative. I has yet to be seen, but keep your … (1 comments)
rates: Mortgage Rates Roller Coaster
- 01/20/14 03:19 AM
Currently mortgage rates are hovering in the 4.5%-4.75% range, but will this continue? Many things affect rates rising or falling and most of us have very little control of these factors. Last week rates fell because of a less than stellar jobs report. Thats good news for homebuyers, but bad news for the overall economy. What should we root for? Unemployment is not good for anyone. A stagnant economy doesn't help either. I think what we need is to get off the roller coaster and and get balanced. In a market of Supply and Demand, prices and rates will rise when … (0 comments)
rates: Mortgage Tips for 2014
- 12/31/13 12:44 AM
I found this article that list 10 tips for mortgage borrowers in 2014. How many apply to you? If you are in the market to buy a home, this article is a MUST READ. With all of the information available to you, it is your responsibility to control your own financial future. This article will start you off in the right direction. Have a Great New Year
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rates: Mortgage Rates Will Continue to Rise in 2014
- 12/17/13 05:22 AM
Mortgate rates are still hovering around the 4.5% area for now, but thats not going to last. In 2014, which is only 2 weeks away, rates will rise to 5% and above the experts say. What does that mean for the home buyer? Will you be able to afford a home? Of course you will. Don't be alarmed that rates are rising. Prior to the economic collapse a few years ago, rates were 6, 7, or 8%. That has been common over a long period of time. 5% is still a great rate and not a reason to stop looking for … (1 comments)
I guess it all depends on who you speak to these days. The government is trying to phase out the Fannie Mae and Freddie Mac mortgage system, but at what cost? Most of the "experts" in the mortgage industry agree that this will be a step in the wrong direction, but some go as far as saying that home prices will drop, rates will skyrocket, and average people won't be able to afford a home without a substantial downpayment. Without the Fannie and Freddie fixed rate mortgages what will be the alternative. I has yet to be seen, but keep your … (1 comments)
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