Posted on July 18th, 2008 by Bright Light
A new study has found that consumers are seeking fixed mortgages in rates never seen before. Even though rates for fixed mortgages are a bit high right now, consumers seem to prefer the stability that this type of loan can offer. The bad press surrounding variable rates may also be driving more to seek a […]
Posted on July 10th, 2008 by Bright Light
As more fixed mortgages get set to convert to variable loans, experts are worried that the housing market is in for a shock. Although many homebuyers were convinced that a limited fixed mortgage deal was the best for that time, now that the rates are changing, their payments may skyrocket. Nearly three million fixed mortgages […]
