Home Mortgage Interest Rates and Buying Power
With interest rates remaning at historic lows and the Feds promising to keep them there, the illustration below shows clearly how buying power is increased with lower interest rates.
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Posts Tagged ‘home financing’
Home Mortgage Interest Rates and Buying Power
Tuesday, August 30th, 2011When Can You Qualify for a New Home Mortgage After a Foreclosure or Short Sale?
Thursday, August 26th, 2010When Can You Qualify for a New Home Mortgage After a Foreclosure or Short Sale?
Every week, I receive an interest rate report from one of my local lenders. A few weeks ago, he included some information that was not only interestng, but also a little disturbing. It has to do with how long a person’s credit is damaged after a foreclosure or short sale. In other words, when can they qualify for a home mortgage again?
Here’s some details:
