Join me on the topic of mortgage
There are plans for the Treasury Department to lower rates to 4. 5 percent for those purchasing homes, and may extend those rates to homeowners wishing to refinance. Many homeowners are jumping on the bandwagon to refinance. It was reported the week after Thanksgiving that applications to refinance mortgages were up 200 percent from the week prior. Some consumers with ARMs are deciding to refinance to a fixed rate offering to give them some payment predictability.