Choosing to buy a house is a big step. For a lot of first-timers, the cost of the home, the down payment and other fees lead to them having a goal of buying a house with no down payment. But while a no down payment mortgage loan may save you …
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Homeowners have had a lot to process and a lot to deal with over the past months as a result of the COVID-19 pandemic. As the economy started to suffer, interest rates dropped, and the rush was on to refinance. Many people found themselves out of work, which caused them …
Read More »Photo by Dean Drobot / Shutterstock.com Originally published by Jeff Ostrowski on Bankrate.com. As the mortgage refinancing boom rages, millions of homeowners have yet to swap out their old mortgages for new loans at record-low rates. A significant number of Americans are hanging onto 30-year mortgages with rates of 5% …
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It may seem like a small change, but a shift in policy by the Federal Reserve could impact everything from how much you pay for goods and services to your loan’s interest rate. Recently, the Fed announced it would aim for an average 2% rate of inflation. In year’s past, …
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