Archive for the refinancing your home Category

Interests Rates Make a Big Jump Today!

May10
"The Heat is ON!!" - Glenn Frey Our housing market has enjoyed the benefits of historically LOW, LOW rates for quite some time now.  And, complacency can be the enemy of building wealth.  This morning we've seen the largest swing in mortgage interest ra… Read More

Home Loan Rates Decline Again!!!

April30
"Missed Opportunity" - Alfa Here is a re-post of a very interesting article on mortgage rates written by Eric Newman of American Pacific Mortgage (with permission).  Please don't hesitate to call Eric at 503-698-5801 for more information.  Interest rate… Read More

Average 30-Year Fixed Home Mortgage Rates Since 1983! Need I Say More?

April23
George Strait - "Need I Say More?" Need I say more?  Just in case you need some inspiration, here is the average Fannie Mae/Freddie Mac mortgage rate since 1983, the average FHA mortgage rates since 1993 and the 200-yr look back at mortgage rates.  VERY INTERESTING! [nggallery id=43]… Read More

How to Decide IF You Should Refinance??!!

February26
"Figure it Out" - Plain White T's We're constantly bombarded by lenders to refinance our mortgage under a variety of programs. The volume of offers can almost make you numb to the rational consideration. There are some common rules of thumbs that homeowners and agents use such as not refinancing more often than every two years or there must be at least 2% savings from your previous mortgage rate may not always be accurate. But you have to figure it out for yourself! The reality is that if you can refinance for a lower rate and you'll be in the home long enough to recapture the cost … Read More