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Mortgage Rates Drop Below 5% for First Time Since April

https://www.wsj.com/articles/mortgage-rates-hit-4-99-dropping-below-5-for-first-time-since-april-11659621623?st=rl1cpfet6nerj0l&reflink=desktopwebshare_permalink Mortgage Rates Drop Below 5% for First Time Since April Rates hit 4.99%, falling swiftly from 13-year high of 5.81% in June Mortgage rates dropped to their lowest level since April, offering a reprieve to prospective home buyers who…

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Interest Only Mortgage Now Available

If you want a cheaper monthly mortgage payment, get an interest-only mortgage does. An interest-only mortgage offers a lower monthly payment and is best suited for people with ample assets, good credit and a short-term ownership outlook. Interest-only mortgages can…

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No Appraisal Needed

Fannie Mae and Freddie Mac each have announced that they will begin waiving appraisal requirements on a limited number of home-purchase loans they back. Appraisals can still be completed for “peace of mind” but are not required if the home…

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