Who Wants Low Mortgage Rates?

Who Wants Low Mortgage Rates?

Who doesn’t want low mortgage rates? A low mortgage rate means spending on monthly payments during the course of a mortgage. A low mortgage rate can save homebuyers like you several thousands of dollars. A low mortgage rate means having more funds to spend on investments that might prove profitable. Despite the reported increase of … Read More

Why Mortgage Rates Rise When the Fed Cuts Rates

Why Mortgage Rates Rise When the Fed Cuts Rates

Short term loans like car loans, credit cards and home equity loans are automatically lowered with Federal rate cuts because they are based on the Prime rate. Longer term loans such as mortgages aren’t because they are based on competing investment options, for instance investing in stocks rather than real estate. When the Fed cuts … Read More