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2 Month Low for Mortgage Rates. "Up" or "Down" From Here?

The Dow opened Monday at 16,569 and closed Friday up 16,662.  The 10yr opened at 2.420 and closed Friday down to 2.345.  The big headlines are still the turmoil in Ukraine.  318 more words

Mortgage News

Hit The Snooze Button...Mortgage Rates Are Still Sleeping...

If this is any evidence that the housing market hasn’t recovered I don’t know what is…  The benchmark 30-year mortgage fell  from 4.29% t0 4.27% 315 more words

Mortgage News

Variable or Fixed? an update on how to choose.

FIXED OR VARIABLE?

The debate over fixed vs variable never seems to end.   For the past 5 years, the Federal govt and the BIG SIX BANKS have been doing everything in their power to force us into choosing a 5 year Fixed rate.     636 more words

Mortgage News

Mortgage Rates Have Been Steadily Flat...

Mortgage Rates were unchanged for the most part today.  Of the lenders who had measurable changes from yesterday’s latest offerings, slightly more of them moved higher in rate, but the general lack of movement can’t be overemphasized.  205 more words

Mortgage News

Treasuries Hit Best Levels in More Than a Year; MBS Not so Much

The Dow opened Monday at 16,498 and closed Friday up 16,553.  The 10yr opened at 2.482 and closed Friday down at 2.415.  A no point 30yr Fixed loan as of today is around 4.125% with some lender credit.  282 more words

Mortgage News

But it came in a beautiful box?!

If I gave the option of choosing between 2 cell phones, which would you choose?   Both phones had similar specs and were identical in almost every way… except PHONE 1 came in a nicely gift wrapped box with a bow on it.   364 more words

Mortgage News

  With all that is going on in the world one would think that mortgage rates would be sky high at this point. With tensions over seas and a favorable jobs report and GDP rising  mortgage rates are actually staying put. 181 more words

Mortgage News