Higher Rate, Lower Fees or Lower Rate, Higher Fees?
November 10, 2009 Ever wonder why there is such a disparity from lender to lender when it comes to rates and fees? It really comes down to two things, marketing and their compensation. You see, most...
View ArticleAPR…Annual Percentage Rate or Another Phony Rate?
November 10, 2010 One of the worst ways to compare loans, in my opinion, is to shop the “APR” or Annual Percentage Rate. The APR is an expression of the effective interest rate that will be paid on a...
View ArticleThe Fed’s Buying $600 Billion in Treasuries Yet Rates Are Up Sharply, What...
December 20, 2010 Despite the Fed’s announcement last month to purchase $600 Billion in U.S. Treasuries through next June, rates took an unexpected turn for the worse jumping as much as 1 point in four...
View ArticleHome Prices Expected To Fall Further In First Half of 2011
The freefall continues. According to many leading forecasters, home prices are expected to drop further in the first half of this year, then rebound later in the year. The expectation is that...
View ArticleMortgage Rates Rise After Unemployment Drops to 9%
Some call it magic, I call it manipulation. Somehow barely any jobs were added in January, but the unemployment rate still fell. That’s almost a full percentage point in two months. In news released...
View ArticleUnemployment Drops to 8.9%, Mortgage Rates Surprisingly Hold Steady
Monday, March 7, 2011 The first Friday of every month always has me on edge. As I’m watching CNBC at around 7:30 am, I’m tensed up as I await the employment report knowing the results can wreak havoc...
View ArticleWill The End Of Fannie And Freddie Mean An End To The 30 Year Fixed?
Tuesday, March 8, 2011 The Obama Administration is pushing for closure on the mortgage crisis, and it may be coming at the expense on Fannie Mae and Freddie Mac. These two quasi-corporate government...
View ArticleUnemployment Inches Down, Rates Inch Up
April 1, 2011 As analysts expected, the unemployment rate decreased slightly to 8.8%. While the employment numbers still have a long road to travel before getting to lower ground, the economy is...
View ArticleGet Your “FREE” Credit Report …Without Having To Pay For It!
April 28, 2011 There are lots of “FREE” credit report websites, some with catchy commercials and jingles. But when you visit their website, you find that one of the conditions for your free report is...
View ArticleZillow: Worst Home Prices Since 2008
May 10, 2011 Home values showed the sharpest quarterly declines since 2008, falling 3% in the first quarter this year, according to Zillow’s real estate market report. Zillow said national prices were...
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What’s Ahead For Mortgage Rates This Week – April 25, 2016
Last week’s economic releases included Existing Home Sales, Commerce Department Releases on Housing Starts and Building Permits and the National Association of Home Builders/Wells Fargo Housing Market...
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What’s Ahead For Mortgage Rates This Week – May 2, 2016
Last week’s economic news included Case-Shiller Home Price Indices, along with new and pending home sales readings. The Federal Open Market Committee of the Federal Reserve met analyst’s expectations...
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What’s Ahead For Mortgage Rates This Week – May 9, 2016
Mortgage rates fell across the board last week according to Freddie Mac’s Primary Mortgage Market Survey. Other economic news included reports on construction spending, public and private sector...
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What’s Ahead For Mortgage Rates This Week – May 16, 2016
Last week’s economic news included reports on retail sales and consumer sentiment along with weekly releases on new jobless claims and mortgage rates. Retail sales jumped 1.30 percent in April as...
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What’s Ahead For Mortgage Rates This Week – May 23, 2016
Last week’s economic news included the NAHB Housing Market Index, reports on housing starts, building reports and existing home sales. Minutes of the Federal Reserve’s last FOMC meeting were also...
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What’s Ahead For Mortgage Rates This Week – May 31, 2016
Last week’s economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims. New Home Sales Surpass Expectations Sales of new homes surpassed...
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