Mortgage

Freddie Mac July 2016 Outlook

Many borrowers tap their equity to pay for things such as home improvements.

If you’re thinking about refinancing, it’s a great time to lock in a rate.

If you’re purchasing or refinancing, it’s a great time to lock in a rate.

If you qualify, a Veterans Affairs mortgage may be a great way to snag a low rate.

Take these steps to smooth the homebuying process, especially if you’re a rookie.

A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan — a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That’s a $174 monthly payment difference. Based on what

Many borrowers tap their equity to pay for things such as home improvements.

If you’re purchasing or refinancing, it’s a great time to lock in a rate.

UPDATE – Freddie Mac Announces New Factor Methodology for Single-Family and Multifamily Mortgage-Backed Securities