Banks and mortgage companies don't have one interest rate we can offer every day. We have a range of interest rates available at different prices. The lower the interest rate, the greater the cost.
Will interest rates get lower? Should you wait to refinance or buy a home? I think the risks of waiting far outweigh the benefits of capitalizing on the current market.
While the Coronavirus is wreaking havoc with mortgage lenders, help is being provided to homeowners and opportunities abound for home buyers and homeowners looking for lower interest rates.
Nothing about our financial markets last week was normal. From historically low mortgage interest rates to extreme stock market volatility, here's how it's all shaking out.
The mortgage world is all atwitter about current mortgage interest rates. They're low. Really low. Why? One word: Coronavirus. Are we in for a global economic meltdown?
After an initial fixed rate period, the interest rate for adjustable rate mortgages is determined by adding the value of a financial index (often the LIBOR index) to a margin. There’s just one problem. The LIBOR is going away.
Despite numerous ups and downs, mortgage interest rates have largely decreased in 2019. And I expect to continue seeing low mortgage interest rates through at least the second quarter of 2020