DailyMORTGAGE LOCK ADVISORY
June 27, 2012, 6:45am PST
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.
Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.
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MORTGAGE NEWS BRIEFS
Who Really Benefits from the Mortgage Interest Deduction?
A recent article in Public Finance Review reports on a study of the impact of the federal mortgage interest deduction (MID) not on homebuyer behavior, but rather on interest rates. The study, conducted by Andrew Hanson of the Department of Economics, Georgia State University, found that it may be mortgage lenders rather than homeowners who are benefitting from the perk.>> Read More Mortgage News Daily