Mortgage payment calculator and many more topics
The end of March, consumers were delighted to see the interest rate for the average home mortgage still at historically low levels. Most experts predict that the rates will slowly creep back up, but remain low for the rest of the year. Given the shaky state of the economy and the increase in unemployment, low rates have been the one shining light for those considering buying a new home with a home mortgage and, particularly, for those wishing to refinance. The one hiccup for some borrowers has been the tighter standards lenders now have in place. Borrowers must now have higher credit scores and put down larger down payments to qualify.