Can anyone find a consensus of people/financial experts who agree on where the mortgage rate trend is headed? We would love your opinion! This article printed yesterday by the Associated Press implies rates will stabilize over the next few months. Although rates are low, mortgages have become harder to qualify for with lenders tightening up their requirements. And what happens when the mortgage to refinance is higher than the current value of the home itself? This "upside down" situation is one many people are facing. The big question is how to deal with it. Take a look at this article and make a comment on what you think the answer might be.
Mortgage rates edge down for 2nd week
Staying close to record lows reached this spring, 30-year fixed-rate mortgages averaged 5.07% this week, says Freddie Mac. Read more.
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