Tagged : mortgages

Found 2 blog entries tagged as "mortgages".

 

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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Lender sitting with buyers.Refinancing mortgages can either be good or bad depending on one’s financial situation. Various pros and cons need to be looked at carefully to so that one can arrive at the right decision. What exactly makes people want to refinance their mortgages? Looking back to the beginning of year 2012, the interest rates fell to an historic low. This led to many homeowners refinancing their mortgages. Refinancing a mortgage simply means getting a new mortgage to replace the old one. Better interest rates and loan terms are the main reasons making people refinance their mortgages.

The interest rates might have gone high slightly but the figures still remain close to what people experienced in the year 2012. This may still prompt one to change their current

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