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Published 15 March 2020 On March 5, the Federal National Mortgage Corporation, a.k.a. Freddie Mac, announced that the rate for the 30-year, fixed-rate conventional mortgage fell to the lowest level ever recorded in the nearly 50-year history of their weekly survey. The rate for the 15-year mortgage also declined, falling to a point not seen
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Dec 29, 2019 How to attack your mortgage in 2020Published 29 December 2019 As 2019 comes to an end, many of us will begin thinking about our New Year’s resolutions. Some will pledge to lose weight, while others will strive to spend more time with family or find a better job. A scant few will vow to accelerate the pay off of their mortgage.
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Oct 05, 2019 No closing cost mortgages can be expensive
Published 5 October 2019 It costs money to take out a mortgage. Costs can range from $2,500 to $3,000 for a low-priced starter home to tens of thousands of dollars for multi-million-dollar homes. The truth is that all mortgages have closing costs. The no closing-cost moniker is simply mortgage-speak for employing alternative methods of having
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Aug 18, 2019 Is now the time to refinance?
Published 18 August 2019 It’s no secret that mortgage interest rates are at historic lows — the lowest in 33 months to be exact. Freddie Mac reported on Aug. 8 that the average conventional 30-year and 15-year mortgage rates were 3.60 percent and 3.05 percent, respectively. One year ago, the rates were 4.59 percent and
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Published 28 July 2019 From the outbreak of the Mexican American war in 1846 to campaigns being waged this very day in multiple countries around the world, New Mexico servicemen and women have bravely defended America’s Constitution and way of life. With that service came a long list of benefits, one of which is the
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May 12, 2019 Think twice before taking out a home equity loan
Published 12 May 2019 Thinking of purchasing a new vehicle or installing an in-ground swimming pool? Perhaps you’re in need of cash for college tuition, mounting debts or an extreme makeover for your family pet. Maybe you’d like to improve your home by remodeling or adding more space. Those uses and more can be financed
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