20 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)
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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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