Interest-Only May Be Option For Some HomebuyersAs home prices continue to rise and interest rates inch above their record lows, more homeowners, especially in high-cost regions, are choosing interest-only mortgages.
A Look Ahead to Mortgage Rates in 2004
It is the nature of a roller coaster to start at a certain elevation, go up and then plunge down, ending up at the same place where it started. In 2003, mortgage rates took a roller coaster rideone of those kiddie coasters for toddlers and the timid.
Reasons Remain to Refinance in 2004
Mortgage bankers are fond of saying that the refinancing boom is over, even as huge numbers of homeowners continue to stream into mortgage offices to refinance their loans.
Tips for Buying a Home
Shop around for a mortgage that suits your needs. No- or low-down-payment loans are available. Fannie Mae Foundation provides mortgage information at 1-800-611-9566.
More 20-Somethings Buying Houses
Young homebuyers often don't know what they want. A new subdivision or a mature neighborhood? Two-story or ranch-style? How many bedrooms? Pool?
Re-Evaluate Your Mortgage As You Do A Portfolio
It's a good idea to evaluate your mortgage periodically to figure out whether it still fits your circumstances.