Interests Rates Rise Again
The fed, as predicted, raised intererst rates again. The impact on mortgage rates will be felt in the marketplace in a few months, as there is normally a 90 day lag.
Most affected will be those who have adjustable rate mortgages. Now might be a good time to think about converting to a fixed rate mortgage, as there is no sign that interest rates are going to abate in the near future. Although there are some analysts who predict that interest rate increases will slow down, that's a gamble you may not want to take.
Most affected will be those who have adjustable rate mortgages. Now might be a good time to think about converting to a fixed rate mortgage, as there is no sign that interest rates are going to abate in the near future. Although there are some analysts who predict that interest rate increases will slow down, that's a gamble you may not want to take.
posted by Ray at 1:21 AM
1 Comments:
Yeah...so true...only the last time i checked, we can't afford to convert and it only gets worse. It's rapidly moving away from us. We're gonna be in serious deep doo doo if things don't calm down.
Here's some sites I've been going to to check out converting.
Reverse Mortgage Portal
Stop Foreclosure Mortgage Help
Massachusetts Reverse Mortgage Facts
Jumbo Reverse Mortgage Resources
1031 Reverse Mortgage Information
Benefits Of A Reverse Mortgage
Reverse Annuity Mortgages
Hopefully this info will help some.
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