Tag Archive: 47a4af2e9930d586f4678619a6b9fa44

How Do I Lock in A Mortgage Rate?

September 9, 2015 by Leave a comment

Mortgage rates fluctuate for reasons far too complicated for the average homebuyer to follow, much less anticipate. The experts’ own predictions tend to be unreliable, and if you’re a buyer, even a small change in the interest rates can mean a lot of money over the term of your loan. For example, a $250,000 30-year... View Article

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6 Ways to Fight Rising Interest Rates

September 3, 2015 by Leave a comment

Mortgage interest rates have been hovering between 3.5 and 4 percent for the past 18 months, refusing to rise as quickly as many forecasters had predicted. That means many have been able to lock down favorable rates without the threat of a drastic increase hanging over their heads. However, later this year, the Federal Reserve... View Article

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Is it worth it to make double payments on my 30-year fixed-rate mortgage with an interest rate of 4.75 percent?

September 15, 2014 by Leave a comment

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 Article

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Fixed Rates Remain Unchanged Going Into Labor Day Weekend

August 28, 2014 by Leave a comment

Freddie Mac released their weekly Primary Mortgage Market Survey (PMMS) today indicating that fixed rates are unchanged compared to rates last week.  For the week ending August 28, 2014, 30 year fixed-rates remained at 4.10%.  Interest rates for 15 year fixed mortgages closed the week at 3.25%.  At this point last year, interest rates for... View Article

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Understanding an ARM Loan

August 12, 2014 by Leave a comment

During the home buying process, many mortgage related terms are tossed around.  One of these terms that is often talked about is an “ARM”.  An ARM, for those who don’t know what it stands for, means Adjustable Rate Mortgage.   Arms are one of many different mortgage loan options available to borrowers, and are a great... View Article

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