Mortgage rates fell this week over disappointing March job growth numbers, uncertainty about the ongoing debt crisis in Europe, and slower projected growth in corporate earnings, Bankrate.com reported Thursday in its weekly national survey.
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Mortgage Rates Fall On Poor Job Growth: Bankrate.com Report
Posted by mortgage 40 days ago (Editorial)
Time to refinance ARM? (Bankrate.com via Yahoo! Finance)
Posted by mortgage 1015 days ago (Editorial)
A homeowner planning to move in a few years likely can handle the possibility of rising LIBOR rates.
Time to refinance ARM? (Bankrate.com)
Posted by mortgage 1015 days ago (Editorial)
Dear Dr. Don, I am in the fortunate position to have my mortgage as my only debt. I am religious about maxing out my Roth IRA every year, and since I am a firefighter, I also have a pension. I also am able to put extra money into savings.
401(k) is poor source of refinance funds (Bankrate.com)
Posted by mortgage 1015 days ago (Editorial)
Dear Dr. Don, A year or so ago, my 401(k) account was worth $265,000. Now it is worth $134,000. My mortgage balance is $289,000, while the home's value -- at least according to Zillow.com -- is now about $275,000. I have a 5/1 interest-only adjustable-rate mortgage at 5.5 percent with its first interest rate reset in August 2010. I am 62 years old.
401(k) is poor source of refinance funds (Bankrate.com via Yahoo! Finance)
Posted by mortgage 1015 days ago (Editorial)
It's likely a mistake to raid a 401 retirement fund and use the funds for a mortgage refinance.
Mortgage rates rise modestly (Bankrate.com)
Posted by mortgage 1015 days ago (Editorial)
Mortgage rates tried to wriggle free from their restraints this week, but didn't quite succeed, rising modestly.
Is the 40-year mortgage a joke? (Bankrate.com)
Posted by mortgage 1070 days ago (Editorial)
It's true: A 40-year mortgage can make your monthly house payment more affordable. But mortgage brokers say such long-term loans generally aren't the best choice for most borrowers because they typically come with a higher interest rate and cost more in interest over the lifetime of the loan.
Cash-out home loan refinance sensible (Bankrate.com)
Posted by mortgage 1070 days ago (Editorial)
Dear Dr. Don, I currently owe $37,281 on my mortgage. I have about seven to eight years left to pay. The interest rate is 6.125 percent. I just took out a car loan for five years. The interest rate is 5.99 percent and the loan is for $26,131. I need approximately $26,000 to fix up my house.
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