Mortgage rates and home prices rose in 2006 while a refi boom is anticipated in 2007.
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Review 2006 At
the beginning of 2006,
everyone expected
mortgage rates to
rise and they did.
And then, surprisingly,
even shockingly, they
fell. So did home
prices.
•
Preview 2007 2007 will bring an unusual refinancing boom as hundreds of thousands of borrowers bail out of their adjustable-rate mortgages while the getting is good.
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Best moves 2007 You can determine your best strategy by reviewing the most commonly asked questions about mortgage products for 2007.
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5 big risks of option ARMs As higher payments kick in, holders of option ARMs need to take a hard look at budgets, incomes and refinancing alternatives.
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Interactive: Refinance now? Put
in your own numbers
and this Bankrate
calculator will tell
you if the terms you
can get on a refi
make it worth your
while.
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50-state delinquencies Katrina-affected
states show the biggest
rate of people falling
behind in their home
payments.
