What if mortgage interest rates stay high? Here’s what experts say buyers should do Buying a home can be challenging these days. Home prices remain high, and interest rates are up significantly compared to a few years ago. In fact, according to Freddie Mac, the average rate on 30-year loans is now creeping toward 7%. […]
stimulate homeowners to refinance
Low mortgage interest rates stimulate homeowners to refinance The usual reasons to refinance a home mortgage loan are to reduce the monthly payment or to raise cash. The third option, which is underappreciated, is to shorten the period of indebtedness. The third option is seldom used. Therefore, many homeowners are refinancing for the wrong reason. […]
Drop in Mortgage Refinance Rates
Here’s how many borrowers should refinance after the recent drop in mortgage rates Here’s how many borrowers should refinance after the recent drop in mortgage rates. A massive drop in mortgage rates will likely spark refinance activity. Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger […]
