Dale Vermillion is the author of Navigating The Mortgage Maze The Simple Truth About Financing Your Home HOW WOULD YOU DESCRIBE THE CURRENT TREND IN MORTGAGE RATES Mortgage rates are stabilizing currently fluctuating around to expected to gradually decrease over the coming months Rates have become more stable recently bouncing around a consistent range Predictions indicate a potential drop below by the end of the year Stability and future trends are largely influenced by inflation and bond market conditions WHAT IMPACT MIGHT THE FED'S EXPECTED INTEREST RATE CUTS HAVE ON MORTGAGE RATES Though Federal rate cuts don't directly correlate with [... more]

When you think about it the amount of interest you pay over the life of a -year mortgage should be plenty of incentive to pay off the loan as fast as possible Let's say you take out a -year mortgage at At the end of that term you'll have paid almost in interest alone making the true cost of the home closer to But let's say with years to go you decide to put an extra a month against the principal That will actually shave off six years and months' worth of payments and save you just over in interest [... more]