15 year fixed mortgage: Shorter Term Home Loans Become More Popular With Record Low Interest Rates
- 09/12/11 01:57 PM
As has been documented by the media in recent weeks, we are once again at or near historical lows when it comes to home loan interest rates. Of course, as we have addressed in other articles, the balances of their current home loans, in relation to the values of their homes, has kept them from refinancing to take advantage of lower rates.
However, for some current homeowners who have equity or perhaps qualify for on the government initiatives, such as the Fannie Mae refinance plus program we recently detailed (allowing homeowners with Fannie Mae owned loans with little or no … (0 comments)
15 year fixed mortgage: More Homeowners Turning To 15 Year Fixed Loans
- 02/03/11 10:14 AM
More Homeowners Turning To 15 Year Fixed Loans As has been much documented, the past year has seen overall mortgage rates move to levels near historical lows. And while we have eased off of all time lows, interest rates remain at very attractive levels. This, coupled with a reduction in home prices has put many homeowners in a position with not only lower interest rates, but also lower home balances. In turn, more and more homeowners are starting to consider and take 15 year fixed mortgages over 30 year fixed mortgages, as a means to an end to pay off their … (3 comments)
As has been documented by the media in recent weeks, we are once again at or near historical lows when it comes to home loan interest rates. Of course, as we have addressed in other articles, the balances of their current home loans, in relation to the values of their homes, has kept them from refinancing to take advantage of lower rates.
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