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It’s been a hard couple of months to watch if you were n investor banking on the shilling, and an even harder couple of months to live through if you are paid in shillings, as most Kenyans are. The central banks stepping in to increase lending rates and stop the crumbling of Kenya’s currency yesterday may have plugged that gap, but another gaping hole is burning through the pockets of anyone planning to take out a mortgage, or build a property. John-Allan Namu explains.
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Mortgage rates hit another record low this week, marking a unique opportunity for people to buy or refinance a house. KMBC 9’s Martin Augustine reports.
Struggling homeowners who could benefit the most from the all-time low interest rates often don’t have the equity in their homes to qualify. Cynthia Bowers reports on the cruel paradox.
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http://www.SunwestTrust.com – 800-642-7167. You probably have heard about the national credit crisis. During this time of national crisis have you ever considered becoming a bank? That’s right; you can become a bank for a friend or family member.
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Many homeowners are trading 30-year mortgages for shorter terms with lower rates. Personal finance expert Carmen Wong Ulrich talks to Erica Hill and Chris Wragge and has advice for those considering refinancing.
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