mortgage rates: Interest Rates Are Low. What Does That Mean? How About $500 a Month! - 09/08/10 01:28 PM
You keep hearing that interest rates are low.  You've been told week after week that interest rates have hit historic lows.  That's great.  Ho Hum.
Here's a chart showing just how low interest rates on 30 year fixed rate mortgages have dropped this year:

That chart is awfully pretty and you can certainly see that the trend has been down down down over the last 5 months.
But... you ask yourself, "What does this really mean?"
Ah, my friends, that's where this next, very important chart comes in:

So, here's the great news:  On a loan for $450,000 (about … (4 comments)

mortgage rates: Less than Five! - 05/28/10 02:18 PM
Many years ago, there was a movie called "Less than Zero."  It starred Andrew McCarthy and Robert Downey, Jr.  To be honest, I bring this up for no other reason except to put the title of this blog post in context.  I'm not even sure that I saw this 1987 movie and if I did, it obviously did not make that much of an impression.
More importantly, and to the point:
Mortgage interest rates on 30 year loans
are
Less than Five!

In a rate sheet sent to me today by one of my favorite Bank of America loan … (2 comments)

 
Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) Rainmaker_large

Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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RE/MAX Allegiance, Managing Broker/Branch Vice President

Address: 6226 Old Dominion Drive, McLean, VA, 22101

Office Phone: (703) 626-0715

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