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Mortgage interest rates dropped last week and may stay down for months – Mortgage News Daily reported that the average mortgage lender is offering an interest rate ranging from 4.125 to 4.25 percent, and aggressive lenders. on mortgage loans were in the 3.5 percent.
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How Do Mortgage Points Work? – By lowering your interest rate, you reduce the monthly payment you make and you also reduce the total amount of interest you pay on your loan. Buying points can make sense for many home-buyers..
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Bank of America’s top mortgage executive in Florida talks about Florida’s housing market. – As first time buyers begin coming back into the real estate market, we take a look at what is going on in the mortgage industry since last year’s $25 billion settlement with the country’s five largest.
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