The mortgage industry is changing almost daily. My blog is dedictated to updating readers so you and/or your clients can make educated choices and find the best loan options currently available.
After several prime rate reductions mortgage rates are rising - again! The federal funds & prime rate are not the benchmark for mortgage rates. 10 year treasury bonds are said best because mortgage loans are held for this period on average. Most mortgages are bundled & sold as mortgage bonds/se...