Tagged : lenders

Found 1 blog entry tagged as "lenders".

 

A homeowner check possible mortgage re-financing options on her laptop.A drop in mortgage rates has left many Americans wondering what to do next. Millions of Americans will most likely re-finance their mortgage loans during this tantalizing period. Homeowners and aspiring homeowners keen on getting discounts avoided their lenders for processing of their earlier requests. The opportunity to lower the mortgage rates arose from the turmoil in the financial markets resulting to a reduction in stock prices and bonds. Long-term mortgage rates, however, were as per treasury’s strategic plan which has for the first time reduced to less than 2 percent since May last year. 

According to Freddie Mac, a giant mortgage firm, the mean rates for 30-year fixed mortgages reduced to 3.97 percent. The drop to below 4 percent was

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