Mortgage Rates Rise on Better Than Expected Economic Data
Mortgage rates rose this week thanks to better than expected economic data, mortgage financier Freddie Mac reported today.
The benchmark 30-year fixed climbed to 5.25 percent during the week ending February 5, up from 5.10 percent a week earlier and 5.67 percent a year ago.
The 15-year fixed averaged 4.92 percent, up from 4.90 percent a week ago, but below its year-ago average of 5.03 percent.
Bankruptcy v IVA – Which is better?
Bankruptcy v IVA (Individual Voluntary Arrangement) – which is better? As with any debt solution, there’s no actual ‘better’ or ‘worse’. The real question is: Bankruptcy v IVA – which is better for me?
Bankruptcy v IVA – which is better for me?
Are you working? If so, is your job secure? Do you have a home? Are you nearing retirement age? How much do you owe in unsecured debts?
Based on your Read more
Tracker mortgage holders ‘£9bn better off next year’
New research has suggested that homeowners with tracker mortgages could collectively be up to £9 billion better off by next Christmas.
The study by price comparison site Uswitch.com has said that over half a million tracker mortgage customers have taken advantage of the recent Bank of Englandbase rate cuts by overpaying on their mortgages by up to £260 per month.
The site claims that this could reduce the mortgage duration Read more
Why Buying a Home is Better than Renting
Most people don’t realize the hidden costs of homeownership, nor do they even consider the hidden potential. Owning your own home can become quit expensive. There are hidden costs that you don’t think about when you are signing papers at your closing. These hidden costs can become intense, but your new home is an investment, if you realize it or not. In the example below we will look at a house that was bought in 2001 for $150,000 Read more