Time to Refinance?

The time to refinance home loans is here for millions of Americans as mortgage rates have dropped to their lowest rates in over 35 years. Although rates on 15-year fixed and 30-year fixed mortgages are lower, the process to be approved for a loan is more cumbersome than in the past. For borrowers with very [...]

Fixed Rate Mortgage Questions and Answers

Should I Convert to a Fixed Rate Mortgage?
It is mentioned everyday in the newspaper, on TV, or around the water cooler at work: variable interest rates are making it difficult for home owners to afford to pay their mortgage. If you are in an adjustable rate mortgage (ARM), it may be time for you to [...]

Another chance at a fixed-rate mortgage?

Weekly average of 30-year fixed rate mortgages over the last 3 years (source: www.hsh.com).

Today’s sell-off in blue chips and the extended rally in Treasuries has potentially created another opportunity for variable-rate mortgage holders to convert to the fixed-rate variety. As can be seen by the graph above, mortgages rates below 6.00% are well in the [...]