I don't normally re-post articles - but despite the jarring title, I really liked this article from Marc Roth that appeared in Businessweek Magazine last week. And, I agree. Rates are going higher on Atlanta home loans, and precipitously so in the second quarter of 2010 if things remain on their current track. ...
Category Archives: Interest Rates
Is Today The Beginning of Higher Rates
As you can see from the chart below, rates have been steadily getting better over the month of November. Remember that as yields increase, rates decrease. In fact, as of this morning we were on track to match the best rates of the year. What a ...
Why Rates Will Move Higher, and When
Mortgage interest rates for Atlanta home loans are terrific, we all know. As of this writing, 30 year fixed rates are in the 4's. Great! But, mortgage rates are that low because of artificial forces - the Fed - forcing ...
Points vs. No Closing Cost Loans
When being presented with standard closing costs, it is fairly easy to compare loan options. But, what happens when you enter the dark world of lender jargon and consider no closing cost, or lender-paid closing cost loans, or *gasp* you consider paying points. This video should be useful to decipher that underworld, jargon-filled land of ...
The Time to Buy or Refinance a Home is Now!
I perused this article this morning, which is one of many that back up what I have been saying in this blog for some time now. Once the Fed stops buying Mortgage Backed Securities, mortgage rates will increase. And, probably dramatically so. Recently, I saw a Mortgage Bankers Association article which indicated that the ...
Tough (Economic) Love
Peter Schiff wrote a compelling article spelling out the possible scenarios for the economy. I have linked to it above, and I hope you will go and read it. I think you will find it compelling; even if, in good Peter Schiff style, it ...
The Fed May Have Another Trick Up It’s Sleeve
The Meeting of the Federal Reserver Board will adjourn at 2:15pm today, and as is customary, Fed officials will speak. Normally, we have waited to see if the Fed will lower (or raise) interest rates, and both stock and bond investors respond accordingly. They cannot ...
Inflation is Coming. Do You Know What to Do?
I have been saying for several months on this blog that Big Inflation is coming. And even several readers have commented back that everything seems deflationary, and wonder if I am seeing the same economy that they are. And I am, but I am looking ...
The Rate Roller Coaster
Rates have been rising somewhat dramitically over the past 7 days. But then, every time rates hit the lows, they have quickly shot up like a rocket, and tend to then float down like a feather. Be ready for a dip over the next few ...
Reduce or Consolidate Debt
In England, some credit cards are now charging 46% interest. Wow. I will have to research to be certain, or maybe a reader knows and wants to post a comment, but I think in the US there are limits on the amount of interest that credit card companies can charge. But it is somewhere in ...