Consumer confidence at the end of March reached the second-highest level in four years. Lower interest rates on mortgages and credit cards were one reason for the more positive view. According to a USA Today analysis, American households paid an average of $8,731 for mortgage interest in 2007. For 2011, the average interest was $5,633…. [Continue Reading]
Few ideas tug at the heart strings like the thought of having a home of your own. For many, the days of longing may be coming to a close. The goal is in sight. Not only is the home you want now within your price range, but it will take less cash than ever before…. [Continue Reading]
For the past several weeks, mortgage rates have been very low in the 3.875% best execution range. Day-to-day variations have mainly just impacted closing costs. This year is coming to an end with historically low mortgage rates. According to Mortgage News Daily, “at many lenders closing costs associated with the 3.875% best-execution levels have fallen… [Continue Reading]
Wall Street Journal commentators discuss the effect of the Federal Reserve’s decision to leave interest rates unchanged in the video below.