Our Blog -- Investments, Mortgages and Advice

It is not too late to refinance....lots of people are taking advantage of 30-year fixed mortgages at 5% or below. 

According to Frank Nothaft, Freddie Mac vice president and chief economist, "Mortgage rates rose slightly over the week, but rates on 30-year fixed mortgages remained below 5 percent for the third consecutive week.  Homeowners are taking advantage of these low rates to refinance their current balances."  Over the past five weeks ending October 9, more than 3 out of 5 mortgage applications were for refinancing, according to the Mortgage Bankers Association.