Ar_home_b_search
 



mortgage rates: The Truth About No Closing Costs - 01/28/09 03:40 PM
Here is the short and splenda on how no closing costs mortgages work.  When people hear or read "No Closing Costs," the first thing they ask is, "HOW?"
Especially in a declining interest rate environment I dont think it makes any sense (in most cases) to pay closing costs.   Just like taxes and death you can always guarantee that there are costs associated with your mortgage.  But you do have options.  I always let my clients make the choice of whether or not they want to pay closing costs.   Hold on I know what you're thinking,  "Who would ever want to … (1 comments)

mortgage rates: Refinancing in a Declining Rate Environment - 12/07/08 09:25 PM
I am interested to hear what others in the mortgage industry are hearing from their clients about falling interest rates after they are already locked in.  First of all I don't think it is wise to pay closing costs when refinancing so most my current refinances are no closing cost deals.   I try to stress to my clients that when we lock a rate for them as a warehouse lender we are literally setting aside funds for them at a contracted rate.  If rates go up they of course can rest assured that we will honor the original rate lock but on the flip … (0 comments)

mortgage rates: I Think Lower Mortgage Rates are on the Horizon - 11/24/08 09:55 PM
Many consumers,  savvy and otherwise are a little confused as to why mortgage rates are not lower than where they are.  Today you can get a 30 year fixed rate mortgage at 5.875% with no points and don't get me wrong that is a phenomenal rate historically.  But if you look at where banks are borrowing at you would expect that rate to be significantly lower.  This does have a lot to do with supply and demand and I don't mean the general public's demand for low mortgage rates.  I am referring to Wall St's appetite for mortgage backed securities.  But … (7 comments)

mortgage rates: New Hampshire and Massachusetts Mortgage Rates - 11/04/08 08:53 PM
Many of my clients enjoy the mortgage rate lock advisory that is on my website and is updated daily as an RSS feed.  Below is an example of today's mortage interest rate lock advisory and it can be found here: http://www.justinperry.net/DailyRateLockAdvisory.   If you would like to add this RSS feed to your site just let me know.  As a disclaimer I do not construct these rather I use them as a tool. 

Rate Lock Advisory - Tuesday Nov. 4th
Tuesday's bond market has opened up slightly despite sizable stock gains during early trading. The stock markets are strong this morning with … (0 comments)

 
Lighter_photo

Justin Perry

Portsmouth, NH

More about me…

Mortgage Banker

Office Phone: (603) 570-4897

Cell Phone: (603) 682-4293

Email Me



Links

Archives

RSS 2.0 Feed for this blog