Which to pay down: 1st or 2nd mortgage?
If you want to make an extra payment, and there are no prepayment penalties to worry about, always pay down the loan with the highest interest rate first, says Dr. Don.
read more…
Foreclosed Properties May Offer Bargains, but There Are Risks As some homeowners get squeezed by higher mortgage rates and a cooling real-estate market, house hunters are turning their attention to foreclosures.read more...
Mortgage rates rise for fourth consecutive week Mortgage rates rose for a fourth consecutive week as financial markets responded to fresh evidence that the economy is picking up momentum.read more...
Finding bargains is art of the deal TULSA, Okla. - The Pink House does not look like a family establishment. The battered house on the scruffy north side of Tulsa is the color of Pepto Bismol -
U.S. mortgage rates climb and break trend (UPI) Thirty-year fixed rate mortgage rates rose in the United States for the first time in five weeks, figures released Thursday by Freddie Mac indicated.read more...
Dont put all the blame for subprime mortgage crisis on the borrowers (The Kansas City Star) A kind of cynicism pervades discussion of the subprime mortgage problem. It is getting in the way of thoughtful discussion of what got us into this mess in the first
MORTGAGE MELTDOWN / As woes rise, know your money fund (San Francisco Chronicle) Skittish investors worried about the subprime mortgage fallout have been piling into government money market funds, which is contributing to a drop in yield on these safe-haven investments. From Aug.