Low Rates, High Obstacles to Refinancing Mortgage

As interest rates have slid over the past couple of years, Gabriel Bousbib of Englewood, N.J., refinanced his 15-year mortgage not once, but twice-cutting his interest rate in two steps from about 4.6 percent to 3.375 percent. He’s one of a number of homeowners who refinanced just a year or two ago, but decided it …

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Three ways to buy into high-demand real estate market

You’d think with so many homes for sale, there would be no problem finding one to buy. However, plenty of buyers who would like to buy now to take advantage of low interest rates and prices can’t find the right home. One problem is that the most desirable areas don’t have an oversupply of good …

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California home sales increase in October

Home sales increased 8.5 percent to a seasonally adjusted annual rate of 493,240 units in October compared with a year earlier, C.A.R. reported.  On a month-over-month basis, home sales in the state rose 0.9 percent. “Based on preliminary analysis, it appears that the lower conforming loan limits has had a cooling effect on home sales …

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The Price/Rate Trade-Off

Currently, most people are concerned about where prices are headed and whether or not prices have bottomed.  However, one thing to consider as you are thinking about your first (or next) home purchase is the mortgage rate as most forecasts call for a 1/2 percentage point increase or more by year’s end. Which is better?  …

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