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low interest rates: “Today’s Interest rate” – How to Shop for Interest Rates Smartly - 06/10/11 10:35 AM
Shopping for Mortgages & Shopping for Interest Rates Smartly You now want to buy a home and need a mortgage. You would think it would be easy to call around to mortgage companies and ask, “What is today’s interest rate”. Sounds simple, right? Au contraire mon frere…. On the contrary.
There are a few misconceptions that many have when shopping for interest rates.
That all lenders have one basic rate to offer That big lenders or big banks have better rates than smaller lenders and can give discounts That referrals will get you a better interest rate
All … (15 comments)
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low interest rates: Is it a good time to buy a home? Do you over-sell it? - 02/18/11 08:55 AM
Have you been reading many posts that tell us that it’s a great time to buy now? Reasons cited are low interest rates, low home values, tax buyer’s credit (in the past), because there will be mortgage changes coming soon, and so much more? Have you heard the latest news now? Two major lenders are allowing buyers with credit scores down to 580. Sounds great, doesn’t it? But wait, is it great?
Do you want an opinion from a mortgage loan officer with 18+ years of experience that thinks with common sense, and not from the sales side of … (9 comments)
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low interest rates: Mortgage Interest Rates ~ Mortgage Market Reports for October 27th, 2010 ~ - 10/27/10 11:29 AM
Mortgage Market Reports
We keep hearing reports that Mortgage interest rates are still be very low, ranging from 4.00% to 4.50% for a 30 year fixed rate. This is all dependent on your credit scores, your down payment (usually just on a conventional mortgage), the size of your loan amount, and the type of mortgage program. And if you want 3.875%, you just have to pay some points.
I am sure many of us have been extremely use to the low rates in the last 6 months, to where we have reached record lows since interest rates were … (7 comments)
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low interest rates: Mortgage Interest Rate vs Mortgage Payment - 10/22/10 12:45 PM
Mortgage Interest Rates - One of the first things a borrower wants to know is what mortgage interest rate the lender has to offer. And for the fact that many want the lowest interest rate. Okay, it's all human nature. But what's missing? It certainly can be a balancing act when you are trying to get the lowest interest rate when your main focus should be about your actual mortgage payment. One of the first questions that should be asked is what kind of mortgage payment you would be comfortable with, or at least a range. I have been criticized by … (5 comments)
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low interest rates: Mortgage Interest Rates - up up and away..... ~ Mortgage Market Reports for September 10th, 2010 ~ - 09/10/10 05:17 PM
Mortgage interest rates continue to still be very low, ranging from 4.00% to 4.50% for a 30 year fixed rate. This is all dependent on your credit scores, your down payment, the size of your loan amount, and the type of mortgage program. And if you want 3.875%, you just have to pay some points.
I am sure many of us have been extremely use to the low rates in the last 6 months, to where we have reached record lows since interest rates were first recorded back in 1971. But don't get to comfortable, because what comes down … (3 comments)
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low interest rates: Mortgage Interest Rates - Mortgage Market Reports - July 23rd, 2010 - 07/23/10 09:20 PM
Mortgage interest rates continue to still be very low, ranging from 4.25% to 4.75% for a 30 year fixed rate.
So why are interest rates so low? Some investors on Wall Street fear a double dip recession approaching. And these investors will seek more stability in buying bonds, such as the MBS's, Mortgage Backed Securities. By buying more MBS's, this can control the interest rates. Another reason is because earlier this week Treasury auction bids rose to 18% to record as investors surpass bond dealers.
Interest rates at one point this week hit … (11 comments)
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low interest rates: Mortgage Interest Rates - Mortgage Market Reports - June 29th, 2010 - 06/29/10 04:35 PM
Mortgage Interest Rates hit historical lows !!!!
I am sure many have been hearing that mortgage interest rates are historically low in the last few days. It seems like in the last few years we have heard this and in many cases, it was just a marketing ploy to get the phones to ring. Well, as of this week, they have hit their lowest peak since interest rates have been tracked as far back as 1971.
So why are interest rates so low? Some investors on Wall Street fear a double dip recession approaching. And these investors will … (13 comments)
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low interest rates: Are mortgage interest rates playing tricks on your mind??? - 03/26/09 12:03 PM
Can lower mortgage interest rates play tricks on your mind? Does it help when the government advertises that they want to lower the interest rates to the low 4's? Are you sitting on the fence, waiting for these promises to happen?
Here is a great example of how you might do yourself some wrong, just because one interest rate sounded better than the other.....
I was referred a client last week who wanted to do a zero point refinance, because he will only be in the house for 3 years at the most. He was originally getting … (19 comments)
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low interest rates: I need my quick fix !!! Please pass me that 4.5% rate over here NOW !!! - 12/07/08 10:26 AM
WARNING…WARNING…
information overload...
In the last few days, I have seen several blogs talking about the 4.5% rate. Fred Chamberlin wrote this post. Could Mortgage Interest Rates Drop to 4.5% with Treasury Intervention? He put some good information out there which ended up with some thought provoking comments. But are lower rates just a quick fix???
I have read all the comments and I am a little disturbed at the lack of knowledge and or the lack of common sense that some of us show. I feel that there is something lacking in these comments, lacking … (46 comments)
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low interest rates: FHA Mortgages..... Are they that bad or is it a bad RUMOR???? - 07/13/07 11:48 AM
Do you ever not have enough ammunition when heading into battle? Never!! For some of you, I been in the mortgage industry for over 14 1/2 years. To me, that’s a lot of miles per se.
I consider myself well versed when it comes to FHA mortgages and I guess you could say an expert on them. But this is not the only thing that I do. I can actually do just about every kind of mortgage that is out there. Am I an expert on every single one of them? No, there are just too many out there. To … (30 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
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