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Too Late to Refinance?

In an Atlanta Journal article posted on MortgageDaily.com, Wes Moss comments on the rising mortgage rates.  That upward trend (from 3.5 to 4.0) will likely continue over the coming weeks and months, according to Moss.

In an Atlanta Journal article posted on MortgageDaily.com, Wes Moss comments on the rising mortgage rates.  That upward trend (from 3.5 to 4.0) will likely continue over the coming weeks and months, according to Moss.

 

Despite the rise in mortgage rates, rates are still historically low which means that home buyers and those homeowners looking to refinance still have a decent opportunity to take advantage of these rates.  As most home prices will continue rise, there are some key factors to consider before making a mortgage decision:

 

  • Have a steady source of income.

  • Don’t let past refinance attempts dissuade you.

  • Follow the 1% rule.

  • Get the right mortgage for you.

  • Run the numbers of your current mortgage against those of a refinanced mortgage.

Read the full article


 

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