Thanks to historically low mortgage interest rates, many have been able to live the American dream and purchase a home. Mid-September figures for the 30-year fix-rate mortgage had a national average of 4.28 percent but we all know good things come to an end. Just as 2015 comes around the corner, many real estate professionals and economists... View Article
Categories for Fixed Rate Mortgages
Is it worth it to make double payments on my 30-year fixed-rate mortgage with an interest rate of 4.75 percent?
It’s tempting, if you can afford it, to make two mortgage payments a month. This will help you slash the time it takes to pay off your mortgage loan. And over time, it can save you a significant amount in interest payments. And let’s be honest: It’s nice not to have make those mortgage payments... View ArticleRead More
Earlier Payoff, Less Interest and Owning Your Home Sooner Whether it’s paying off our monthly mortgage–or even any monthly bill–many of us are always looking for ways to reduce expenses. As a homeowner, one way to do so is through refinancing your 30-year mortgage. You’ll find taking this action, benefits will follow. But before you... View ArticleRead More