We don't plan to sell our Florida home until the housing market here recovers. While we wait for prices to recover, we have decided to pay down our mortgage. According to a recent article from Bloomberg, home inventories are low because a lot of homeowners such as us are reluctant to sell in a buyer's market. By staying put, I think we can come out further ahead financially.
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First Person: Staying Put Will Save Us $70,000 in Mortgage Interest
Posted by mortgage 1 day 6 hours ago (Editorial)
Mortgage rates slide to record lows
Posted by mortgage 6 hours ago (Editorial)
Mortgage rates continue to drop well below 4 percent. The average rate for a 30 year fixed rate mortgage declined 2 basis points to 3.83 percent since last week, the lowest value on on record for this MBA series. The purchase application volume declined 3.0 percent and the refinance application increased 5.6 percent over the same period.
How much you need to save for retirement
Posted by mortgage 1 day 6 hours ago (Editorial)
Follow this guide and work out exactly how much you need to save for a comfortable retirement.
International City Mortgage Celebrates 25th Anniversary
Posted by mortgage 1 day 6 hours ago (Editorial)
International City Mortgage, a privately held residential mortgage banking direct lender, celebrates its 25th anniversary, citing focus on purchase transactions and a smart growth plan as major contributors to its longevity.ORANGE, CA (PRWEB) May 23, 2012 International City Mortgage (ICM) today announced that it is celebrating its 25th anniversary as a residential mortgage lender.Founded in 1987
Rates are great, home prices less filling
Posted by mortgage 6 hours ago (Editorial)
Mortgage rates stayed near all-time lows this week, as the housing market showed signs of life and sent potential homebuyers a message: If you want to buy low, it doesn't get any better than this. 30 year ...
Buying a fixer-upper? Here's the mortgage to do it
Posted by mortgage 3 days ago (Editorial)
Buying a piece of distressed real estate can be a great way to snag a dream home at a steep discount.
RBC cuts mortgage rates
Posted by mortgage 6 hours ago (Editorial)
The Royal Bank of Canada announced Wednesday that it was cutting its residential mortgage rate by 0.1 of a percentage point to 5.34% for a fixed five-year closed rate agreement
Long-term mortgage rates hit new lows
Posted by mortgage 3 days ago (Editorial)
WASHINGTON, May 17 (UPI) -- Average mortgage rates for long-term, fixed-rate loans fell to record lows for the third consecutive week, the Federal Home Loan Mortgage Corp. said.
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