Posted on August 15th, 2008 by Bright Light
Despite the problems caused by variable rate mortgages, more consumers are interested in short term fixed mortgages. It is believed that the current high interest rates may be spurring this trend. Few wish to get locked into a fixed mortgage with sky high rates and they are taking that chance that within two years or […]
Posted on August 8th, 2008 by Bright Light
It appears as though consumers are looking to the current housing crisis and deciding that long term fixed mortgages are safer for the moment. Although short term fixed mortgages were popular over the past few years, this has waned once they switched to variable rates and many lost their homes as a result. Until the […]
Posted on August 1st, 2008 by Bright Light
Borrowers looking for new options on fixed mortgages may soon have some new alternatives. Some banks are working on special deals that will provide lower fixed rates over a longer term, allowing homebuyers the opportunity to lock in a good rate. These new fixed mortgage plans are expected to be very popular among consumers and […]