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low rates: Why do Mortgage Rates go up when Fed cuts the Rate? - 06/06/08 02:07 PM


When Fed cuts the rates my office is swamped with borrowers who are calling to see if they can get a better rate.  Many of them are surprised that Mortgage Rates went up instead of down.  Luckily, I always lock rates as soon as I can. To me as a mortgage professional, predicting the direction of the rates is not a game. Most mortgage professionals are not bond analysts. More importantly, I've been in the business long enough to see rates go up 6 times in 1 day by a total of 1.5%. 
                                        Let me shed some light … (2 comments)

low rates: It is now easy being "Green" !!!! - 06/04/08 10:28 AM
                            
 
I've been in the business for a while and I have never seen the product so wonderful. After visiting all the models I was truly impressed with the quality of the construction, amount of the upgrades, beautiful landscape( featuring unique sprinkle system), and the overall supreme structure. I loved it so much that I am planning to build one of the homes on my own lot.
What impressed me the most? Utility Bill - with the gas and water prices going steadily up you will appreciate a bill that is less than a half of the regular amount for … (0 comments)

low rates: Should you refinance now? - 05/23/08 01:25 AM
From my experience, most people refinance their current mortgage to save money or to get out of adjustable-rate mortgages into a fixed rate. Refinancing is like making an investment. You need to balance the cost of refinancing with the amount of interest you save over time. The savings are really your return on investment from refinancing. 
With zero point and no-cost refinance programs, the cost of refinancing can be eliminated as a consideration. However, the trade-off with most of these creative finance programs is paying a somewhat higher interest rate.
When your primary motive is to save money by refinancing or … (3 comments)

 

Dmitry Perlovich Wealth Building Coach

Palm Coast, FL

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Open Mortgage LLC

Office Phone: (386) 445-2775

Cell Phone: (386) 627-1348

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