Posts Tagged mortgage rate
Simply Mortgages; The Next Generation of the Mortgage
Posted by Top Home Loans in Mortgage Advice on August 21, 2010
Mortgages are too Complicated
We hear you. Mortgages are way too complex, even for those in the industry. Our goal is to simplify the mortgage experience with Simply Mortgages. No rate shopping needed. No complicated math or rates. Just simply the best mortgage experience.
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The banks what to keep you in debt forever, we want you to be debt free as quickly as possible.
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Save your Mortgage from the Bank. Simply Mortgages can Help!
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Have Mortgage Rates Bottomed Out?
Posted by Top Home Loans in Mortgage Rates on September 3, 2010
Recently mortgage fixed rates have dropped to levels that many would have never thought that we could reach. Mortgage interest rates generally stay a lot higher than where they are currently, but recently they have dropped to levels that are consistently low. This is due to extremely high levels of demand for bonds and bond equivalents.
But is this the market of the future?
Investors love security and they love solid returns on investments. Bonds are providing security, but they are not providing good returns for investors. Bond rates cannot stay low forever, and soon investors will move from bonds to equities. The more money that leaves bonds, the greater the rates will increase.
How long will we have low interest rates?
No one knows how long rates will stay low, but one thing is for sure: if mortgage rates go down, they will eventually go back up again. If you have a high mortgage interest rate, it is always a good idea to get something lower to protect your investment. Securing low rates is what everyone should be doing. If your mortgage rate is above a certain threshold, then it would be a good idea to lower your mortgage interest and get a good rate.
We can help with that.
Save your Mortgage from the Bank. Simply Mortgages can Help!
Prime Rate expected to Continue Risng without the Market
Posted by Top Home Loans in Mortgage Advice, Mortgage Rates on August 23, 2010
Prime rate has increased by half a percent over the past several months. Many people expect it to stop increasing because of the recent market pull backs; however, many analysts still expect it to continue rising.
How could Prime Rate increase in our economy?
Most people think that our economy is not performing very well, and they figure that interest rates should remain low in order to promote the economy; however, our economy has rose quickly over the last year. It is expected that things will continue to improve even though we recently saw a market slowdown.
The reason for rising interest rates is to save our economy from a future recession. The current recession was bad enough; however, if we cause a second one in the next several months, then we may experience an even worse recession in the near future.
Is rising mortgage rates good for me?
For most people, rising rates is a bad thing. This means higher costs of living, higher mortgage payments, greater monthly costs, and more fees. This also means that property values are expected to decline. In most cases, rising mortgage rates are a bad thing unless you plan on buying a property.
Save yourself from a rising prime rate
Saving yourself from prime rate is usually not advised and not necessary. Most people can stick with a prime rate through high and low interest rates; however, some people prefer the security of a locked in mortgage rate. This decision is usually difficult for most, but a good mortgage professional can make this decision easier. Make sure you team up with a strong mortgage professional.
How do you cope with prime rate increasing? What is your mortgage interest rate? Leave your response in the comments below.