Welcome to Mortgage Guide
Buy To Let Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Playing Mortgage Rate Roulette
from:Mortgage rates are rising due to more demand for mortgage products. Even though the Federal Reserve has tried to influence the home mortgage industry by leveraging the discount points charged to lenders, it’s not a one-to-one relationship. Mortgage rates are more susceptible to supply and demand of the actual mortgage products and competition between lenders, rather than some arbitrary rate the Federal Reserve charges bank who are borrowing money. So, there really isn’t a real way to time your entrance into the home buying market by waiting for interest rates to drop. Instead, they may rise no matter what the Federal Reserve does to try to influence the markets. On the other hand, they could drop but there’s no way to tell until after the fact. So, if you want to buy a home, don’t play mortgage rate roulette. Instead, take the long-term view and realize that no matter what happens this may be an ideal time to buy a home if you have great credit.
Historically Low Mortgage Rates
If you take a look at how the mortgage rate offered by lenders has changed over the years, Bankrate.com estimated that the average 30-year fixed rate during the last 22 years was 7.99 percent. That’s because in the decades of the 80’s and 90’s rates were much higher than they are today. We only started to see less expensive rates being offered in the years in the 2000’s. So, while you may not get the best rate possible (if rates drop), historically you will probably get a better deal than many in the years past. So, if the rate inches up a small percentage, it may cost you more in the long run to finance your mortgage, but you will still pay less than if you had done it in the 80’s and 90’s.
Locking in the Rate
In fact, there is probably more likelihood that mortgage rates might increase as the economy starts to recover and demand for mortgage products increase. Of course, this may be a few years down the line, but you can always lock in your rate when you qualify for the loan. This is one way people help to take the worry out of mortgage rates increasing while they are looking for a home. Instead, they qualify for a mortgage first, lock in the rate, and buy the house in the period of time allotted by the rate lock. It makes looking for a home a little less stressful when you already know what you will be paying and for how long.
Buy To Let Mortgage Specific links
Buy To Let Mortgage News
Buy to let continues to progress nicely in 2012 - Landlord Expert
Buy to let continues to progress nicely in 2012 Landlord Expert The buy-to-let market is booming again as lenders offer more and better mortgage deals, research showed today. As young home-hunters continue to struggle to get on the property ladder, property owners with an eye on the rental market have a vastly ... |
New BTL Mortgage Available from TBMC at Only 3.25% - E1 News
 E1 News | New BTL Mortgage Available from TBMC at Only 3.25% E1 News TBMC, specialist buy-to-let and commercial mortgage broker, announced on February, 6th the launch of a new discounted buy to let deal from Hinckley & Rugby Building Society. The 2-year mortgage available for those with a 40% deposit, comes at only ... |
Landlords make hay in final quarter of 2011 - moneyfacts.co.uk
 Mortgage Introducer | Landlords make hay in final quarter of 2011 moneyfacts.co.uk A fifth of landlords plan to take advantage of the increased availability of buy-to-let mortgages, with terraced housing the most popular type of home. Can't find the right one in our Best Buys? Don't worry. If you are looking to borrow from £50000 up ... Final quarter of 2011 best for landlords |
Buy-to-Let in 2012 - MyIntroducer.com (press release) (blog)
Buy-to-Let in 2012 MyIntroducer.com (press release) (blog) West One Loans says net lending in bridging is up 48%, and is being driven primarily by buy-to-let demand. As it stands, yields on vanilla buy-to-let of 6.1%, according to Mortgages for Business, are higher than in almost any other traditional asset ... |
Buy-to-let mortgage market 'blooming' - Telegraph.co.uk
 Telegraph.co.uk | Buy-to-let mortgage market 'blooming' Telegraph.co.uk The buy-to-let market is "blooming", with 100 more deals on offer than a year ago and lower typical interest rates, research has found. There are 486 buy-to-let mortgage deals on the market, up from 386 last February, comparison website Moneyfacts said ... |