13 Jan 2015
By Mark Feder

How Low Can They Go: With Mortgage Interest Rates Low, Should You Refinance?

Mortgage Rates
Do you have a mortgage? You've likely seen or heard a lot about mortgage refinancing as interest rates remained low in recent months. In today's blog post we'll explore the topic of mortgage refinancing, including when you should consider refinancing and how to take advantage of low interest rates. What is Mortgage Refinancing? In simple terms, refinancing refers to the practice of taking out a new mortgage and using the proceeds to pay off your old one in its entirety. You'll go through the full borrowing process with your chosen lender, including the credit check, financial history and employment history…
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10 Apr 2014
By Mark Feder

The Happenings In A Reverse Mortgage

Uncategorized
When you're looking for ways to supplement your retirement income, there are a number of different options to consider. A reverse mortgage is becoming a more popular and more common way to provide income when your retirement savings don't leave enough to live on. But with all the information out there, how do you know what happens in a reverse mortgage and whether it's a good option for you? What Is A Reverse Mortgage? A reverse mortgage essentially reverses the typical actions of a mortgage. Instead of making payments on your home, you receive payments against your home's equity. The…
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02 Apr 2014
By Mark Feder

Are Interest Rates On The Rise – What’s The Next Move?

Uncategorized
As the federal reserve continues to taper quantitative easing measures, financial experts project mortgage interest rates will climb in the next two years. Could this be the much awaited ray of light at the end of the proverbial tunnel for builders and investors or will it drive hesitant home buyers to dig in and shelter in place? Homeowners who are vacillating between refinancing for a lower interest rate and staying the course may find the time has come to make a decision. Shrinking unemployment numbers and rising retail sales figures signal that the economy is improving. Even if no one…
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11 Feb 2013
By Mark Feder

What’s Ahead For Mortgage Rates This Week: February 11th, 2013

Mortgage Rates
Mortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in California and across the country. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage was 3.53 percent with borrowers paying all of their closing costs and 0.8 percent in discount points along with a full complement of closing costs. The U.S Department of Commerce reported that Factory Orders for December improved over November; they rose from 0.0…
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