Low mortgage interest rates could head upward in late 2013
Increasing interest rates, more people refinancing homes into 15-20 year mortgages and more first-time home buyers are some trends officials in the home-buying field are predicting for 2013. Increasing interest rates, more people refinancing homes into …
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Lenders Loosen Up : Mortgage Approval Rate Climbs 11%
As the U.S. economy has improved, mortgage lenders are no longer tightening their respective lending guidelines. New loan programs with looser, simpler rules have been introduced and, in many cases, the steps required for a home loan approval are more …
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Should Borrowers Pay More Mortgage Points?
That hypothetical borrower with the 3.75% mortgage rate on a 30-year, $ 1 million mortgage will save about $ 143 a month and end up with a roughly $ 4,630 monthly payment. Longer term, that amounts to a savings of nearly $ 51,500 in interest payments over …
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