The housing market has been a very volatile one, and you may still be paying off your mortgage from many years ago. There is good news because this year is the year to do so. The rates are low so this means you can refinance and be able to pay a bigger chunk of your house off.
- Mortgage rates on the rise, and have been for the last nine weeks, as evidenced by the latest data from Freddie Mac.
- And with the Federal Open Market Committee recently announcing an increase in the federal funds rate, for the just the second time in 10 years, odds are that interest rates aren’t going to go back down any time soon.
- For the average buyer who was thinking about getting into a new home last summer, but didn’t, the monthly payment on that same home is now considerably higher. There is, however, a way to lower it by buying down the rate.
Alliance Credit Counseling
10720 Sikes Place Suite 100
Charlotte, NC 28277
(888-995-7856) / (704-341-1010