One Size, er, Rate Doesn’t Fit AllOne of the more noteworthy features of today’s mortgage market, besides greater volatility and generally declining rates, is the wide range in quoted interest rates. For sterling credit risks — credit scores in the high seven hundred’s or above, plenty of existing home equity (or a fat down payment,...Read More
Refinance to Lower Payments —or Avoid Higher Ones With long-term mortgage rates flirting with 5% again, many homeowners should revisit whether it makes sense to refinance. Refinancing (assuming you can) is appropriate in two situations: 1) you’re able to substantially lower your monthly payments; or 2) if you don’t refinance, you face the prospect of...Read More
