Have you seen the nationwide averages for 15-year fixed mortgage rates lately? They’re hanging below the 3.00% line like Kevin Durant hangs out at the beach volleyball pits. The first time they averaged below 3.00%, we all stood there in amazement. Now, ever since May 31, 2012, 15-year fixed mortgage rates haven’t sniffed 3.00% and it doesn’t look like they’ll jump back up any time soon.
Did you know that mortgage rates have hit all-time lows? Did you know that if you plug “mortgage rates” into Google New, you will find nothing but headlines talking about how mortgage rates are lower than they have ever been? I knew about it, but I wanted to get some expert advice on the topic at hand.
CNN Money ran a great article this week with 10 easy ways for people to save thousands of dollars. We wanted to share this with our readers. Number one way for homeowner to save money? Refinance from a 30-year to a 15-year mortgage! Number one is the one we obviously love the best, which is refinance your mortgage. We have been saying this all along for a good reason, refinancing your 30-year fixed mortgage to a 15-year fixed can be a smart move. In fact, refinancing in general can be a savvy move. It’s pretty simple, if your mortgage rate is higher than today’s mortgage rates, you could possibly refinance and lower your mortgage payment and most likely keep money in your pocket. That said, we wanted to share that tip plus nine other great ways that you may be able to save money. We will summarize it here but please read the whole article on CNN Money. Top 10 Homeowner Money Saving Tips and Ideas Here are CNN Money’s ten easy money saving tips and ideas: Chop your mortgage Move to a cheaper locale Do your own maintenance Cut one big expense Kick costly habits Add up the small stuff Go to a public college first Nab more merit money Grab overlooked tax credits Lower investment costs Here’s where you can read the full article for each of these money saving tips and ideas – http://money.cnn.com/pf/save_extra_50k/2011/index.html I hope you enjoy the article as much as I did. Please let us…
Here’s a great clip we wanted to share with our readers. Tiffany, a Quicken Loans client considering refinancing with a VA loan, asked the experts on the Today’s Show Money 911 if it made sense for her to refinance.
Good news has returned for consumers interested in FHA loans who may not have qualified in previous months. At Quicken Loans, consumers may now qualify for an FHA loan with a credit score of 580 and above.
Will Mortgage Rates Go Up? An article from msnbc.com provides some evidence that mortgage rates will go up in 2011.
Did you know that refinancing could be a great way for you to save for the holidays? Read more about this and other holiday saving tips!
Many Americans don’t know what kind of mortgage they have or what their current interest rate is. Do you? Find out if now is the right time for you to refinance your mortgage.