Amy Hoak’s Home Economics: A 15-year mortgage isn’t for everyone

Amy Hoak’s Home Economics: A 15-year mortgage isn’t for everyone
A growing number of homeowners are choosing to pay down their mortgages at a faster rate — even if it means a substantial jump in their monthly payments.
Read more on Market Watch

Real estate notebook
NEW YORKMortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent this week, down from 4.42 percent last week.
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Mortgage rates continue to fall amid unemployment and economic woes
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks as concerns grow that the economy is weakening. Unemployment – United States – Business – Financial ServicesMortgages
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