Archive for May, 2000

HELs HOT!

Thursday, May 18th, 2000

HELs HOT!: With mortgage rates more than a percentage point higher than they were a year ago, many homeowners are opting to stay put and make improvements to their existing home by borrowing against their equity. Home equity loans (HELs) have become increasingly popular over the past decade, offering an advantage [...]

What to do about those mortgage rates

Saturday, May 13th, 2000

Some borrowers’ hearts skipped a beat last week when the price of a residential mortgage snaked to within sight of 9%. After all, that is perilously close to 10%, a psychological barrier that not many homeowners don’t want to pass at a time when their investments may be paying them half [...]