Very low mortgage rates have been instrumental in increasing the purchasing power of millions in the US, Europe and around the world. For one year mortgage rates are on the rise and home prices leveling out. Foreclosures are becoming more common, especially in the American Midwest, but it is still on a low level. We can now expect a gradual rise in mortgage rates the coming year. The 30-year rates will likely continue to rise in the upcoming months, but should not go past 7% …
Is The Interest Rate A Clear Indicator Of Your Cost Of Borrowing?
Are you considering taking out a loan for some extra cash flow? If you are, then the most important aspect of getting a loan is to calculate the interest rate. The lower the interest rate then obviously the lower the cost of borrowing.
Home Equity Loan – Factors To Consider
Your home provides you a wonderful means of securing a huge amount of credit by using your home equity as collateral. In recent times, more and more homeowners are viewing home equity loan as the most convenient way to consolidate their other debts, to make repairs or extension to the home, or to meet additional expenditures such as wedding expenses, education expenses and so on. There are various reasons behind the growing popularity of home equity loan, such as the growing …
Mortgage Interest Rates 101
Many things affect mortgage rates – which is why they fluctuate. So it pays to understand a little about how mortgage interest rates are generated. The more you know about the economic factors that change rates, the more prepared you are to find the perfect home loan at an interest rate that’s perfect for you as well.
Market Conditions
When the Federal Reserve Board raises or lowers rates, there is usually an impact on the rate you will get for your fixed rate home loan, …