Remove Banks Remove Equity Remove Fixed-rate mortgage Remove Short sale
article thumbnail

With Mortgage Rates Rising, Is an Adjustable Rate Right for You?

Lighter Side of Real Estate

Which means you’ve probably been reading or hearing about adjustable rate mortgages making a comeback. The 30-year fixed rate mortgage has been so historically low, they haven’t been all that necessary to consider. So your rate isn’t fixed for the life of the loan.

Mortgages 142
article thumbnail

On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. So play them against one another.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. So play them against one another.

article thumbnail

What Happens to My Mortgage if the Housing Market Crashes?

Marco Santarelli

Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. Many homebuyers may feel that obtaining a mortgage is too risky. Recessions are temporary pauses in an otherwise booming economy, but they have an impact on the housing market and interest rates. recessions.

article thumbnail

5 predictions for the 2022 housing market

Housing Wire

The Federal Reserve has announced plans to gradually “taper” its supportive monetary policy: Net acquisitions of agency mortgage-backed securities are expected to cease by the end of March and the Federal Open Market Committee has signaled possibly three 25-basis point increases in the federal funds target by yearend 2022.

Marketing 545
article thumbnail

Miami Real Estate Records Best August Sales Month in History

Realty Biz

Miami Homeowners’ Home Equity Continues Surging as Many Pay Lower Mortgage Payments. With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. Home equity can be tapped for renovations, college loans and more. The average commitment rate across all of 2020 was 3.11%.

Sales 104
article thumbnail

Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

On the same $300,000 mortgage, the monthly payment has risen from $1265 in December to $1800 today, according to NAR. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.23% in May, up from 4.98% in April. The mortgage rate is projected to land at 5.3%

Sales 78