getting a mortgage: Where are Mortgage Interest Rates? - 06/25/15 01:31 AM
 
In real estate, mortgage interest rates are always a hot topic. Interest rates have been hovering above 4.00%. The projection is that they are going up. When interest rates go up, that affects a consumer’s buying power.  Higher rates often mean a lower purchase price of a home, as lenders look at the debt to income ratio of a borrower. Debt to income ratio is the percentage of a consumer’s monthly gross income that goes towards paying debts in comparison to their monthly income.
The interest rate on my mortgage is currently 5.875%.  I remember refinancing to get that rate. It wouldn’t benefit me to … (4 comments)

 
Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast (M & M Realty of Brevard Inc.)

Sandy Shores FL Realtor®, Melbourne Real Estate

Brevard County Real Estate, Florida's Space Coast

Melbourne, FL

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M & M Realty of Brevard Inc.

Address: Melbourne, Palm Bay, Satellite Beach, the beaches, Suntree, Viera, Rockledge, Merritt Island, Mims, Cape Canaveral, Brevard County FL Real Estate

Mobile: (321) 253-4545

Office: (321) 254-2964

Brevard County Real Estate on Florida's Space Coast Residential, Relocation, New Construction & Investment 19 Years in Real Estate / 39 Years in Brevard County _________________


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