Sentences with phrase «mortgage is a long shot»
If you are looking for a home loan but have average credit and low down payment, you might think that getting a mortgage is a long shot.
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The average 30 - year fixed - rate mortgage stood at 4.5 % last week, up from 3.6 % last May, when interest rates shot up in reaction to the Federal Reserve's initial indication that it might reduce a bond - buying campaign that was, in part, designed to keep a lid on long - term rates like mortgages.
«If it wasn't for the reverse mortgage I probably would have lost my house and lived in a home for the elderly, and I'm not ready for that by a long shot!