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 days. Why? In news released this morning, housing starts stood… Continue Reading
The Fed announced that it will begin to buy MBS in early January. Good news? Well, yes, it is good news, and although that move is pretty much already priced into the market and rates are already low, it is also true that rates have risen since two weeks ago. So, we might see them… Continue Reading
The Fed has been buying Mortgage Backed Securities (MBS) like we all know. And, the plan has worked. Mortgage rates, while still volatile, are bouncing around their all-time lows. And I have been just as busy as everyone else, taking loan application for refinances and for purchase loans just about as fast as I can… Continue Reading
The stories are all over the news, including this one from the Associated Press, that mortgage rates are low. How low? Well, depending on where you look, anywhere from 37 year lows to All-time lows. I can tell you that from a raw rate standpoint, they are at all-time lows. So, should you refinance now?… Continue Reading
30 year mortgage rates ended Friday close to 4.75%. A bit higher for lower credit scores or higher loan-to-values, of course, but still in the low 5′s. Good, by any measure. But, watch this video, and you will see why these rates could be history in early January – and why stocks may be headed… Continue Reading
The following article was sent out in my October newsletter, and I am reprinting it here, now. Want the latest great info? Subscribe to the newsletter in the box on the Right. This has a lot to do with a video that I just recorded, and will post soon, about the reason to refinance right… Continue Reading
The Fed has announced that is will be buying Mortgage Backed Securities (MBS) in an effor to lower mortgage interest rates. Even though they have made two purchases of MBS, and rates are lower, they have been quite volatile still. On Monday, the Fed is making another multi-billion dollar purchase of the Securities. You can… Continue Reading
That question has been asked of me several times since the post below, and the news came out that the Fed may have a new target rate of 4.5%. This morning on CNBC, the Federal Housing Finance Agency director, James Lockhart was interviewed, and seemed to both confirmand deny the target rate. He said that they… Continue Reading
With or without points? If Sec. Paulson has his way, it may be the prevailing rate soon. The Wall Street Journal reported today that a plan is being mulled over to use the Federal Government to lower Fannie and Freddie Mac rates, as well as government insured FHA rates to 4.5% for a 30 year… Continue Reading
I saw this article this morning, and found it interesting that Atlanta was named one of the Top 10 Places to live on Yahoo Real Estate. And, it is! This article appealed more to the singles crowd, and that is very attractive now for all the reasons listed: Atlanta has a reasonable cost of living… Continue Reading