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Historically low interest rates offer opportunities — for some

Many homeowners have opted to make proverbial lemonade from lemons — taking advantage of recessionary low interest rates to refinance their homes. During the past two to three months, refinances have boomed — for a variety of reasons. Some homeowners have chosen cash-out refinancing to make home improvements, such as replacing windows, or to pay… Continue Reading Historically low interest rates offer opportunities — for some

First-time homebuyers seizing opportunity

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WASHINGTON (AP) – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties. Economists said sales, while still at levels not seen since 1997, may finally be coming back to life after declining sharply… Continue Reading First-time homebuyers seizing opportunity

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