An economist responded when asked how interest rates would change: “They may fall some and then, rise and after that, they’ll fluctuate.” Just because interest rates have been low for ten years doesn’t mean they are supposed to be low. The Federal Reserve has raised...
For the last 25 years, most buyers have gotten a new mortgage or paid cash when purchasing a home. For a practical reason, owner-occupant buyers have another alternative: assuming a lower interest rate existing FHA or VA mortgage. In the late 80’s, both FHA and VA...
