Thursday, February 21st, 2008
This morning, Freddie Mac released its findings based on a re-occurring survey about mortage interest rates.
In a nutshell, fixed-rate mortgages are continuing to outpace variable-rate mortgages for the year. Is this good news or bad news? Or, is it news at all? Read between the lines. Rates across the board are still at all-time lows.
And when did variable-rate mortgages become a bad thing?
As RE Investors, the goal is to get into a property with little out of pocket expenses and to increase cash flow as much as possible. ARMs are a great vehicle for this.
Bottom line: Know and understand each mortgage product/vehicle so you may make the best choice that matches your own strategy.
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