Lowering Mortgage Interest Rates
Date: Thursday December 4, 2008Posted in: mortgage, real estate, foreclosures, interest rates, mortgage industry, refinance
Mortgage interest rates are very attractive right now and could become absolutely irresistible in the near future. Interest rates are in the mid-5% for a thirty year fixed rate mortgage below the jumbo level of $729,750. Although the jumbo rate will be lowered to a cap of $625,500 beginning in 2009, it was in the news today that financial industry lobbyists are pushing a plan that could help send interest rates down to 4.5% to shake up the housing industry.
Should this plan be enacted, not only will it increase home sales, but the lending industry will be performing mortgage refinances like there’s no tomorrow. The lenders that I know are already up to their eyeballs in refi’s due to the great interest rates currently available.
Will this help curb foreclosures? It will most likely help those who need to refinance their loans - unless they are some of the unlucky ones who are no longer employed…
Inspirational Mortgage Expertise
Date: Wednesday June 4, 2008Posted in: mortgage, Morgan Hill, interest rates, Darla Rowe, mortgage industry, Inspire One, refi, refinance
My friend and cohort, Darla Rowe, a mortgage industry professional, says that even though interest rates have inched up lately, (on average about 0.35% in the last couple of weeks), refi’s are certainly moving. ”Finally!,” she says. Darla, over at Inspire One Inc. here in Morgan Hill, is currently working on a book that will be wonderful to give to clients. The book will give straight-talking, honest advice about what really happens in the lending industry and who to trust when shopping for a loan. Darla specializes in residential purchase financing and refinancing. She can be reached at 1-888-360-7474.
