The Mortgage News Network
Thursday, February 28th, 2008Mortgage News Network is an accurate source of information whose purpose is to inform and educate for the betterment of everyone. We are committed to providing resources, assistance and expert data to Consumers and Real Estate Professionals who wish to become increasingly prolific in the Art of Real Estate. We discuss topics like the one mentioned by renowned money manager Peter Lynch, Portfield Financial Services Secured Finance who explains in the "Ignore the Headlines" article in the February 25th issue of Time Magazine that that the inevitable rise in interest rates may extinguish a borrower's advantage to get into more house, for a lower rate. A half point worsening to rate on a $220k home could mean $20k+ less that one would qualify for with the same payment. It's a little more complicated if one is selling their home but if you are buying or refinancing there may be no better time.