I'm sharing a few articles I found in the Wall Street Journal last week that you may have missed:
- Home-Mortgage Rates' Next Stop: Below 5%. From the 1/02/09 WSJ, you'll find some explanations to the recent interest rate declines. Per Derek Chaan and Nicholas Strand of Barclays Capital, rates may be headed lower, possibly to 4.5%. To read more, follow http://online.wsj.com/article/SB123085577525247679.html?mod=googlenews_wsj.
- Time to Step Up for Credit Score. From the 1/03/09 WSJ, article notes "to lock in the best interest rate on a 30-year fixed rate mortgage, it now takes a 760 or above, according to data from Fair Isaac, developers of the FICO score. For a 15-year home-equity loan a 740 FICO score is sufficient to lock in the lowest interest rate now. And borrowers will need a 720 for the best interest rate on a 36-month auto loan." In addition, you will find some good tips to boost credit scores in this tough environment if you read this article. For more, go to http://online.wsj.com/article/SB123094542526250689.html.
What mortgage / financing info do you have to share with us? Post it here in the comments area or e-mail lbohlen@previewproperties.com.
No comments:
Post a Comment