Just wondering in the whole backwash of subprime lending and ARM loans recently going under, why havent mortgage companies investors just lose less by converting those mortgages to a lower fixed rate to save the company, the consumer and the US economy? Many mortgage companies are out of business now, at it seems if who [...]
I have been in community college for the first 2 years of my schooling so I have not had to take out any student loans yet. I have been applying for loans for this next semester and I have been getting really high interest rates. Some are over 15% which I feel is riduculous. I [...]
Question by Apple Juice: Should I refinance my home for a one percent lower interest rate? It is currently at 6.25% but I could refinance for 5.35%. We plan on having this home for atleast 5 more years, hopefully more, we are military, and will be renting it out when we move but are trying [...]
The fed cut rates today by 75 points, but I checked rates offered on mortgages today and found that they have only dropped slightly. How long does it take before mortgage rates change with the fed prime rate cut? Related Blogs Related Blogs on Lending Related Blogs on Mortgages Related Blogs on Offered
Question by Lion’s Fortress: “Bankrate.com lists 15 year fixed mortgage rates for today 2/6 at 4.95%. Why can’t I get that rate from a local loan company? They can only offer me 5.375% on a fixed 15-year mortgage. I don’t understand, please help. Thanks Best answer: Answer by Jorge Unless you have a fixed-rate mortgage, [...]