Sentences with phrase «when mortgage rates»

This is because, when mortgage rates change, mortgage lenders will not honor rate quotes which have not been previously «locked».

Freddie Mac's trades came at a time when mortgage rates were falling to record lows.

Unlike the masses, who take mortgages by necessity, deep - pocketed homeowners look for investment opportunities when mortgage rates are low.

If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan.

Possible Uptick in Mortgage Rates You may have heard this before, but this year may really be the year when mortgage rates rise.

Kiefer continues that historically when mortgage rates rise, the housing market teeters, but he doesn't foresee that happening this time around.

- The game will come back when mortgage rates go back to 7 - 8 % and the teaser HELOCs return.

As a result, entry - level homes are increasingly difficult to find, shutting out may would - be first - time buyers at a time when mortgage rates are near historic lows, and hitting debt - addled millennials particularly hard.

Conventional wisdom says the best time to buy a house is when mortgage rates are low and home prices are stable and / or rising.

«Those with a high risk tolerance use different investment strategies and will put money into investments when mortgage rates are at 1 to 3 per cent,» says the Oakville, Ont. - based mortgage broker.

When mortgage rates rise, home refinancing activity tends to taper off.

When mortgage rates are low, buying a home is not only a good investment, it can be the first step toward other purchases or a source of long - term rental income.

Although mortgage rates are still relatively low, some owners may not be able to get the same favorable terms compared to their existing mortgage, especially owners who bought their home in 2012 when mortgage rates reached their lowest level.

When mortgage rates began rising in May, the seasonally - adjusted annual rate of new - home sales fell by 4 percent from the prior month, according to the Commerce Department.

Present increases in home prices mean very little, since monthly payments these days to carry a one million dollar mortgage are about the same as it was to carry a one hundred thousand dollar mortgage back in the early 80's when mortgage rates stood at over 20 %.

«Low inventory is pushing sticker prices higher, and when mortgage rates start to rise, monthly payments will be driven further into unaffordable territory,» Gudell says.

Looking ahead, when mortgage rates eventually do rise, the maximum amortization threshold can be increased back to 30 years to help cushion the impact of higher borrowing costs.

«An even more important factor is the fact that the refi market goes away when mortgage rates are above 4 percent; if [lenders] want to keep their lending operation performing similarly, then they have to turn to the purchase market more.

Now we're talking in times when mortgage rates were 18 - 23 percent and many transactions involved VTB's (seller take back mortgages) and VBD's (seller buy down rates).

But does the fact that this decline persists at a time when mortgage rates are at their lowest in 40 years indicate a change in the way Americans view home ownership?

Refinancing to Get Out of PMI When mortgage rates are near record lows, as they are now, refinancing can allow you not only to get rid of PMI but can also reduce your monthly interest payments.

Taking on more debt is the last thing you want to do, especially at a time when mortgage rates look to be heading higher.

The problem is this advice dates back a decade or more, when mortgage rates were dropping from the double digits and investors could bank on a steady 3 % to 5 % return from GICs alone.

When mortgage rates are rising, it may seem crazy to consider a 5/1 ARM (adjustable rate mortgage) or a 15 - year fixed - rate loan.

So what are your options when mortgage rates drop?

When mortgage rates drop it is a great time for home buyers.

The assumability of VA mortgages is no big deal when mortgage rates are on their way down.

When mortgage rates drop -LSB-...]

There used to be days when mortgage rates were going up and down over time.

Instead, when mortgage rates fall, they effectively automatically refinance and pay less interest and more mortgage principal.»

These hybrids are attractive when mortgage rates are relatively high compared to ARMs.

That's my synopsis of the latest Organization for Economic Co-Operation and Development forecast regarding when mortgage rates will begin to climb in Canada.

Again, popular when mortgage rates were much higher, assumable mortgages enabled buyers to skip all or some of the red tape involved with qualifying for a mortgage.

Perhaps there is no feeling better than becoming the owner of your personal home, and now when the mortgage rates are at a considerably low level, many experts advise first time buyers to think about their first mortgage.

Sellers should realize that waiting to make the move when mortgage rates are projected to increase probably doesn't make sense.

If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan.

In 1989, when mortgage rates were 17 %, the ratio of interest payments to disposable income was 9 %.

When mortgage rates are low, homeowners are often better off refinancing their mortgages to get a lower rate, improving their cash flow in the process, says Malcolm Hollensteiner, director of retail lending sales and products for TD Bank.

Since ARMs tend to have lower initial interest rates than their traditional 30 - year fixed - rate counterparts, ARM refinances are especially popular when mortgage rates begin to rise and consumers need a lower - cost option.

Many buyers fear that if they wait, they'll be priced right out of the market, while others worry that if they buy now, prices could tumble when mortgage rates start to creep up later this year.

Mortgage refinance has always been the choice for homeowners when mortgage rates are lower.

Refinancing may sound like a good idea when mortgage rates decrease.

When mortgage rates finally rise, an assumable loan can make your home more marketable.

Home prices in Los Angeles rose rapidly between 2012 and 2014, at a time when mortgage rates were much more stable.

Conventional wisdom says the best time to buy a house is when mortgage rates are low and home prices are stable and / or rising.

But millions of homeowners refinanced after the financial crisis and recession when mortgage rates were at record lows.

A recent FDIC Consumer News bulletin reminded consumers that, if you have a HELOC, it is especially important to pay attention when mortgage rates start to rise because that might be a good time to refinance out of the line of credit in favor of a fixed - rate mortgage loan.

When mortgage rates move a quarter percent in any direction, that's big news.

For example, when mortgage rates are low and there's a refi boom on - going, closing on a loan take as long as two months.

Perhaps there is no feeling better than becoming the owner of your personal home, and now when the mortgage rates are at...