How are Mortgage Interest Rates Affected by the Presidential Election

How are Mortgage Interest Rates Affected by the Presidential Election

With change on the horizon after last night's election, it's only natural to wonder what “change” will come to the mortgage market as a result. Furthermore, what change to mortgage interest rates have U.S. elections stirred up in the past? We always hear rumblings about mortgage interest rates dropping after an election, but is there any truth to it? Should you refinance now, or wait it out a couple months for rates to drop? In order to find out, some number crunching is in order.

Continue Reading
Buying A Foreclosed Home. Good Investment or Risky Business?

Buying A Foreclosed Home. Good Investment or Risky Business?

With current market conditions spurring foreclosures, it only makes sense that buyers would want to take advantage of housing prices well under market value. But what’s the deal? Is this idea way too good to be true? Does buying a home that’s been foreclosed on make you a Good Investor or a Risk Taker? Here we'll explore the pros, cons and precautions to take when buying a foreclosed home.

Continue Reading