The Greek situation is getting worse, and that is almost guaranteed to spread to the rest of Europe. So, Europe’s borrowing capacity will be hampered, at best, and at least for now investors worldwide are putting their money in US Treasuries, including Mortgage Backed Securities (MBS). And, that drives down the borrowing rates for Atlanta… Continue Reading
Mortgage rates in Georgia have risen over the past 45 days, and just in the past week have found support and are coming back down. So, with fixed rates still in the 4′s and ARMs in the 3′s, a whole lot of Georgia home owners can benefit from refinancing their home, or a second home… Continue Reading
We are in the middle of a refinance boom – which we all know. At least, hearing the news at all or turn on the radio, and we know it. The biggest obstacle I hear from homeowners to refinancing is that the closing costs are so high. And they are…unless you structure your loan… Continue Reading
An interesting bit of information was released by Freddie Mac last week tracking the refinancing trends. Specifically that 22% of homeowners who refinanced actually brought money to the table to reduce their principle balances. Anecdotally, I have been seeing the same trend – Atlanta homeowners are refinancing and either paying off a second mortgage while… Continue Reading
I have spoken to a few people recently who are in adjustable rate mortgages who were interested in refinancing, until they got “that” notice in the mail, that on their first adjustment, their interest rate was about to drop. That’s right, their dreaded adjustable rate mortgage was about to go down in rate. Wow. Who… Continue Reading
Regular followers of this blog know by now that I am a bit of a nerd when it comes to charts. I love charts, because they tell a story in a picture – at least they should when they are employed properly. And, we have all been hearing that “Rates are at Historic Lows!!!“. But… Continue Reading