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This may be the best time ever to get in on the low rates for mortgage refinancing.
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Mortgage rates stayed largely unchanged from last week to this week, the week ending February 27, 2009. The average rates on 30-year fixed-rate mortgages held steady at 5.32%, while rates on 15-year FRMs rose slightly from 4.91% to 5.01%.
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Home Mortgage refinancing is the best option to lower monthly payments without being apprehensive about any kind of scam by mortgage refinance lenders.
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Feb. 27 (Bloomberg) — Brian Wickert , a mortgage banker in Butler, Wisconsin, prides himself on screening applicants carefully. That’s why he was stunned when a customer who sailed through four home loans tried to do a refinancing in January, only to be rejected by three national lenders.
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WSJ: A “Radical” Presidency When Barack Obama delivered his 44-minute acceptance speech in August among the majestic columns of Denver, it was apparent his would be an expansive presidency. Some wondered whether his solutions for a very long list of problems was too ambitious. On Tuesday, before Congress, he made clear across 52 minutes that the economic downturn would not deflect him from his Denver vision. Instead, the economic crisis, as it did for Franklin D. Roosevelt, will serve as a
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