There are multiple different loan options that are available to homeowners. Two of perhaps the most common types of loans are FHA and Conventional loans. We’ve put together a list of some pros & cons to each type of loan to help you better understand what might be a good match for you.
Historical Mortgage Interest Rates
The past seven years have been an economic anomaly. We had the greatest run-up of housing prices in history from 2001 to 2008, followed by a massive home price crash that took the economy with it. The Federal Reserve pumped trillions of dollars into the economy starting in late 2008, which have kept rates low for a long time.