Tag Archives: Zuckerberg Lands Dream Mortgage Rate

Mortgage rates have been at record lows in recent weeks, but for Mark Zuckerberg, the founder and CEO of Facebook, mortgage rates have been even sweeter. Zuckerberg recently refinanced a $5.95 million loan for his Palo Alto, Calif., home and landed a 1.05 percent mortgage rate, Bloomberg reports. Zuckerberg refinanced his loan into an adjustable-rate mortgage. ARMs usually offer low teaser rates for a period of time before they rise. These loans were blamed on being a big culprit of a soaring number of home owners who defaulted on their […]