Mortgage rates have fallen to near record lows since last month’s Brexit vote, and many homeowners are refinancing. There’s more than just 1 way to refinance. Here are some of your options.
A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan — a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That’s a $174 monthly payment difference. Based on what
A word of caution to people who have are in the process of getting a mortgage and haven’t locked a rate: The June employment report comes out Friday morning, and it could affect mortgage rates. I’m not saying it will, but it could. RATE SEARCH: Shop today for a mortgage. Mortgages could rise With mortgage
Mortgage rates are at or near record lows. It’s a good time to refinance a mortgage, especially if you got your mortgage more than 5 years ago and you haven’t refinanced since then. Mortgage rates have fallen along with the yield on the 10-year Treasury note, which fell to its lowest-ever level Tuesday, to 1.367%,
When 65 percent of homeowners say they are “very confident” that they know their mortgage rate, most of them are overconfident.
Jeff Bartlett, deputy auto editor for Consumer Reports, explains whether he believes the impressive Impala is an outlier in the General Motors family, and how he measures affordability.
You have been given a two-year extension to refinance your underwater home under HARP.
With mortgage rates dropping, homeowners are quick to realize the double benefit of refinancing now. Not only do they get a low rate that reduces their monthly payments, they are also locking in a shorter duration to be free of debt sooner and build up home equity faster. Freddie Mac released a report recently that shows
Banks are making money from fewer mortgages, but next year looks quite different.
It seems that mortgages, and the housing market in general, are on the front burner for the Obama administration heading into election season.