Mortgage news today is brought to you by Peak Home Loans. News is updated daily. Come back daily to see what is happening in the world of mortgages, refinancing, debt consolidation, home equity loans, FHA and VA loans, and much more. Feel free to contact us concerning anything you don't completely understand when it comes to home loans. You may review a complete mortgage report daily, via The Mortgage Report. We are here to help.
Currently, your best bet as far as home loans are concerned, is to focus on the fact that interest rates are low and can change quickly based on events that are not lined up or able to be forecast. If you intend to refinance your home or purchase a house now it's up to you whether to lock or not. Risk versus reward for floating and not locking looks like more of a gamble now than we would like, but not out of the question for those who understand the risks and have an exit strategy if things don't go their way. Keep up-to-date with today's mortgage news by reading and book marking sites like ours. Please visit our page entitled "Mortgage Basics" to learn more about locking in your rate. If you need more help or advice, please contact us.