Luck may be with borrowers wishing to purchase or refinance their home mortgages at the current time. 30 year fixed rates dipped below 5% this past week. Read more
If banks adhere to federal pressure to write down second mortgages, more refinances may be possible for homeowners wishing to reduce their monthly mortgage payments on their first mortgage. Read more
Now may be a good time to refinance. Rates are at extrememly low levels. WSJ writer, Nick Timiraos, studied homeowner’s current hesitancy in reducing mortgage payments with current, low rates that are available. Read more
