Clark Howard Urges His Viewers to Visit HSH.comby Tim Manni
On his Headline News (HLN) T.V. program last weekend, personal finance expert Clark Howard fielded a call from a viewer who was refinancing his home after a recent divorce:
Caller: I recently just finalized my divorce, and I’ve got to pay my wife half the equity in our home because I’m buying the home off of her because I have to refinance.
I’m wondering if now is the best time to do it because [I have waited] a year to do it.
Clark urged his viewer to lock in on a rate as quickly as possible :
Clark: As soon as it becomes clear that the economy is getting steadily stronger, there are going to be — there’s going to be a double whammy because the subsidies of the mortgage market will disappear and long-term interest rates will go up by quite a chunk because the fears about inflation.
Even though the viewer told Clark that the mortgage broker who would be quoting the interest rate was a friend, Clark still advised the viewer to shop around in order to find the best rate. Clark told his viewer to visit HSH.com (emphasis added):
Clark: I’d like you, before your appointment on Monday, to go to hsh.com.
“H,” harry, “s,” sam, “h,” harry, hsh.
And get a survey of where interest rates are so you know if your kind of buddy is really giving you a real deal.