Despite Record Low Rates Many Still Paying Higher Interest

Interest this week for a 30 year mortgage is at 3.49%. Yet 69% of homeowners are paying interest rates of 5% or above, and a third of those are paying over 6%. that means that those currently paying between 5-6% are paying around $90 to $150 more per month for each $100,000 of their mortgage. […] Read more »

Mortgage News – Rates Down Again

30-year Fixed Rates Hit New Low For the third straight week 30 and 15-year fixed rate mortgages fell to a record low. The 30-year fixed rate mortgage is now down to 3.79% down from 3.83% last week. 15-year fixed rate mortgages declined to 3.04% from 3.05% the prior week. Bank of America is Paying Homeowners […] Read more »