Yes, Virginia, There IS a Santa Bernanke!
So, lenders are not apt to move as quickly or as far down on rates as purchasers of mortgages would like. But, if the Fed keeps the overnight rate low, the market will (eventually) prevail. Sometime in the coming months, banks will be eager to do business, and rates will soften as something resembling competition kicks in. Anyone considering a new home purchase or refinancing a mortgage may benefit. So, how to take advantage? Be Creditworthy. This one is easy! Don’t have any late payments, d
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Tags: Bank, Business, Credit, Home, Mortgage, Mortgages, Refinancing