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Attn: Special Rates Available Until For Residents Of Virginia & Neighboring States!
 

Mortgage news today is brought to you by Peak Home Loans.  News is updated daily.  Come back daily to see what is happening in the world of mortgages, refinancing, debt consolidation, home equity loans, FHA and VA loans, and much more.  Feel free to contact us concerning anything you don't completely understand when it comes to home loans.  You may review a complete mortgage report daily, via TheMortgageReport.com.  We are here to help.

Currently, your best bet as far as home loans are concerned, is to focus on the fact that interest rates are low and can change quickly based on events that are not lined up or able to be forecast.  If you intend to refinance your home or purchase a house now it's up to you whether to lock or not.   Risk versus reward for floating and not locking looks like more of a gamble now than we would like, but not out of the question for those who understand the risks and have an exit strategy if things don't go their way.   Keep up-to-date with today's mortgage news by reading and book marking sites like ours. Please visit our page entitled interest rate lock to learn more about locking in your rate.   If you need more help or advice, please contact us.  Another thing to remember, most people have better credit than they think, usually Fair Credit or better, keep this in mind while filling out our online form.


Rates For The Week Of


Interest Rate Trends

Years you plan to stay in your house   Recommended program

1-3

 

3/1 ARM, 1 Year ARM or 6 month ARM.

Interest Only Home Loans are a very good choice.

3-5

 

5/1 ARM

Interest Only Home Loans are a good choice.

5-7

 

7/1 ARM

Interest Only Home Loans may be an option.

7-10

 

10/1 ARM, 30 Year Fixed, or 15 Year Fixed.

10+

 

30 Year Fixed, or 15 Year Fixed.