Homebuyers still have a chance to snag the absolute lowest rates, even if they opt for a 15-year mortgage.
Mortgage lending ebbs The number of mortgages granted to prospective house purchasers fell to the lowest level in two years during April.The Bank of England data, published yesterday, provides the strongest signal so far that UK housing market activity is moderating as interest rates rise. “R...
Like New York, a lot of that has to do with low mortgage rates. According to Trulia, rates would have to climb to 7% or more for renting to be a better deal than buying a home. Of course, a lot depends on what part of the city you live in. Residents of Bel Air, ...