Mortgage refinancing is an option for many homebuyers who are paying the 2-3% or higher interest rates they can find today, or who need extra cash. Are you a first time home buyer or did you have bad credit the last time you availed a loan? Now you are on your feet and get paid … Read more
With the Fed chairman continuing to raise interest rates, the refinance boom for first mortgages may be over. Over the past 3 years, millions of homeowners were lucky enough to lock into a thirty year fixed rate mortgage at 5.5%. With the market changing and rates climbing, it’s time to consider a second mortgage to … Read more
Owning a home is the dream of every American, but due to skyrocketing property prices, this dream remains unfulfilled for many. Don’t let this happen to you. Find the best mortgage rate and become a home owner. If you have a good credit history, even better! You will be offered a lower rate that will … Read more
Federal Reserve Bank on November 1, 2005 [Fed] Raised interest rates by a quarter percentage point. Since the summer of 2004, outgoing Fed Chairman Alan Greenspan has been raising interest rates on a regular basis, reaching as low as 1% since then. Now at 4%, Greenspan is expected to raise rates twice before leaving office … Read more
standard variable rate mortgage Standard Variable Rate or SVR is a type of mortgage where the interest rate can change, influenced by the Bank of England’s base rate. Each bank sets its own standard variable interest rate which is usually a few percentage points above the Bank of England’s base rate. SVRs are one of … Read more
The Bank of England today decided to reduce interest rates to 1½%, the lowest interest rate in the banks 314-year history since it was founded in 1694. The Bank of England’s reason for another reduction in the base rate is their concern about inflation, the cost of importing sterling in international markets is too weak; … Read more