Are Rate Cuts Good for Homeowners?

As the year comes to an end, the week prior to December 31 inspires reflection on the previous year's economic news. Many wonder if interest rate cuts are on the horizon for the New Year. Most homeowners agree that they'd be a welcome gift from the Federal Reserve.

Mortgage Rates: Understand the Fine Print

The act of closing on a mortgage yields a dizzying array of documents. A borrower is required to sign page upon page of legalese-often with little understanding of what's contained within the paperwork. As one couple discovered, not knowing what you're signing can have a profound impact on your mortgage rate.

Good Timing: Buy Real Estate Now

The lucky number for people waiting for the real estate market to stabilize may be 17. After 17 rate increases, it now appears that the Federal Reserve Board has taken a breather. As a result, rates have stopped climbing, and the housing and home mortgage markets are looking good.