With current mortgage rates hovering between 4-5% a lot of homeowners are strongly considering refining their already low-mortgage rates that they obtained just a few years ago. Today’s mortgage rates are actually the lowest they’ve been in 50 years for a 30-year mortgage. Before that time most mortgages in United States were 20 or 25 year mortgages, which means that today’s mortgage rates are pretty much the lowest historical mortgage rates that consumers have ever seen on a 30-year-fixed-rate mortgage or home loan.

The question that many homeowners are now asking is: “How low can mortgage rates go?” …

Yes, the federal home buyer’s tax credit of up to $8,000 has officially ended, but Coldwell Banker has decided to help home buyers and sellers by continuing this bonus program on their own until the end of July.

Coldwell Banker calls is a “Buyer Bonus Sales Event” and it works like this: Coldwell Banker will offer a credit of 3% to buyers who purchase a home through Coldwell Banker. The most credit a buyer can recieve is $8,000 in most states and $10,000 in California. This credit is available …

Bank of America is the first major issuer of mortgage loans to announce that it is implementing a new loan balance reduction program that will help homeowners who are underwater on their mortgages. The $3 billion national program will begin looking at, and possibly reducing, up to 30% of the mortgage balances and after that it may also lower the interest rates of some mortgages to reduce monthly payment amounts for homeowners.

By offering these reduction Bank of America is hoping that its borrowers won’t just walk away from their houses when their …