Should I refinance my mortgage before retirement? This reader wants to know if they should take advantage of low interest rates even if they’re close to retiring and selling the home. Q: We borrowed $355,900 in 2007 for a 30-year fixed mortgage at 6.25% and still owe $230,000. My wife is retired, and I plan [...]
Buying a house during the COVID-19 pandemic: what you should know. Some homebuyers regret rushing the process to benefit from low mortgage rates. Mortgage rates reached another all-time low in September (9th time this year!), with Freddie Mac showing the 30-year fixed rate falling to 2.86 percent. But that doesn’t necessarily mean it’s the best [...]
Mortgage rates are on the rise and hurting buyers. Here's what you need to know if you plan to buy a home this year. The worst of all possible confluences for home buyers got a bit worse this week: Mortgage interest rates jumped up again, to the highest level in five years. At the same [...]
How much home can you afford to buy? Not as much as last year, it turns out, as existing home sales fall due to affordability and lack of inventory. The National Association of Realtors reported that existing home sales declined 3.7 percent in February to a seasonally adjusted rate of 5.48 million units. Economists polled [...]
On the Ilyce Glink Show on WSB Radio: how long will low mortgage rates last, rising home and house prices, is the economy getting better and the falling budget deficit. I received two emails this week from regular listeners of the Ilyce Glink Show on WSB Radio. They tell me they love the show, but [...]
