While many—mainly borrowers—have been pleased with the Fed’s downward pressure on interest rates, the program is placing many retired Americans’ long-term security at risk. Interest rates are at their lowest point in 100 years as the Federal Reserve tries to stimulate the economy and … [Read more...]
Low Interest Rates Cause Refinancing of Homes Surge
Because of low interest rates available for homeowners, mortgage brokers have seen an increase of applications for refinancing of mortgages. In addition, because mortgage interest rates are continually adjusting downwards, opportunities for homeowners to refinance home loans, on a … [Read more...]
