Mortgage rates bounce back – Evaluating the factors that influence the interest rate

According to recent reports, mortgage rates bumped up in the first week of July, 2011, as the investors set aside their concerns over the grave Greek debt disaster and became more confident about the US housing market. The 30 year mortgage loan rose 5 basis points to 4.71%, as per the [...]

The Problems with Home Mortgage Refinancing

Refinancing your home may seem like an attractive option. Enticing rates on the television or radio can spark the urge for homeowners to consider refinancing their mortgage loans. Before you commit to anything you need to read about the problems with home mortgage refinancing. Yes, there are potential problems associated with refinancing your home loan. [...]

A better solution to save than getting lower mortgage rates

In the previous post, we saw that something is more important than the best interest rates! Here are two more facts to help you save money!

Second fact: Find other ways that help you save you money. For example, flexible mortgage interest rates could be less expensive than fixed ones.

In 2001, Dr. Milevska from [...]

How to get good home mortgage rates?

Figures and studies often show that many consumers do not check interest rates and accept it without negotiating the terms their bank offers. Banks are aware of this situation and, hoping to get more revenue, hide the facts that they offer higher mortgage rates instead of the lowest one they can offer.

Banks’ policy and [...]

The best home mortgage rate: bank or mortgage dealer?

The title of this article may be a very good question! You might think that banks with whom you do business for several years will give you the best interest rates? Maybe… Maybe not.

A good example: Someone getting a mortgage

To better understand, let’s take an example. A customer who wants to buy a [...]