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I have a mortgage-I pay above the amount due each month-not much-but every small bit counts-
The mortgage rates seem excellent-is this what they call refinancing?(Only adults with a mortgage answer please!!!!!!)
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The Initial Jobless Claims Jumped up unexpectedly with the Traders (on the day before the Government’s Job Data to be released). As a result, the Stock Market is down and the Bond Market is Up. This is certainly not excellent news for people surveillance the Equity Markets, but excellent news for those looking to buy a home and/or refinancing their home with better Mortgage Rates. If the numbers come in terrible tomorrow, I wouldn’t expect a huge rally tomorrow, as I believe some of the current pricing is fixed into anticipated terrible news. But if it’s excellent news, then it could be a rally the opposite way, as Wall Road seems to be keen for any optimism in the Market. Let’s stay tuned!!!!
I’ve looked at different mortgage rates on the internet and newspaper. But these rates are generally just a range and not specific to a credit score. My credit score is OK, and I expect my rate would probably would fall somewhere between the high and low rate usually listed.
I tried to see what my rate would be at my bank, but they were charging an application fee of 100 dollars. Will that be the case each time? I’d like to “shop” around before I in fact have to pay any fee. Thanks!