If you’re thinking about buying a home in DC Ranch, you’ll have several financing options available – but two of the main types of mortgages are fixed-rate and adjustable-rate. The two are very different, so you need to understand what sets them apart before you begin talking to lenders and comparing loan terms. What is a Fixed-Rate Mortgage? A fixed-rate mortgage is one in which your interest Continue Reading
Should you refinance your Scottsdale house?
Interest rates have been low for months, but they recently dropped even lower due to “Brexit.” This could be good news for you if you own a Scottsdale house and have been thinking about refinancing. Here’s what you need to know if you’re not sure if this is the right move for you. Interest rates are extremely low About a year ago, interest rates for 30-year mortgages were around 4 percent. Continue Reading
Hints from Federal Reserve Open Market Committee: interest rates likely to rise
On Wednesday, March 18, the Fed’s Open Market Committee (FOMC) released more hints that the central bank may be considering raising interest rates. Buyers have been lulled into a false sense of security that the historically low rates will be there whenever they get ready to finance their next home purchase. Well, with the change in rhetoric that took place in last week’s FOMC meeting, home Continue Reading
