Health & Fitness
How much longer will the mortgage and home equity rates stay so low?
Holding out on refinancing your mortgage? Visit your banker to restructure. Underwater, see your banker if you are a fannie mae or freddie mac. Possibilities under Home Affordability Act.
The Milwaukee Journal shows once again at least 12 properties sold in the Menomonee Falls area. Housing sales are up 20.6% from January to June in 2012 as compared to January to June of 2011. Home values went up 1.4% in this same period. Friday, I heard on the radio that home values in Phoenix AZ are up by 12%. These factors contribute to the values of homes and what the interest rates willbe. How long do you expect to see these interest rates to stay so low? If you are paying above 4% do the numbers, does it pay to refinance. Did you ever consider that with a lower rate you could refy and choose a lower term. Example, go from a 20 year to a 15 year. Even a 10 year is really low.
See your trusted banker for details. Contact me if you do not have a trusted banker.
