The Last Mortgage Refinance

May 13, 2011 Tax News 8 Comments Print this page Share

What direction do you think interest rates are headed in? Homeowners have ridden the variable interest rate mortgage ride for all it's worth. The prime rate hit 20% in 1980.  Since then interest rates have been in a long and steady decline.  Along the way, borrowers would refinance their house and take out more cash as the value of the property was rising.  Times have changed just a wee bit. 

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Rising Rates and Five Other Housing Trends

April 15, 2010 Tax News 3 Comments Print this page Share

Guest Post by Bill T. Daniels, Certified Mortgage Coach

The Federal Reserve's purchases of mortgage-backed securities kept interest rates near historic lows for much of last year.  But within a week of the program's expiration, rates for 30-year fixed-rate mortgages jumped from 5.04 percent to 5.31.  Now many analysts are predicting rates will likely rise as high as 6 percent by early next year.  Here are five other housing trends to watch:

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