Karen Burket's "Active" Mortgage Blog

Why aren't the banks held to the same standards as the purchaser? When someone buys a new home or even refinances their existing mortgage they will be signing a Promissory Note.  That note not only outlines the provisions with regard to the financing, ie. Note amount, monthly principal and intere...

I was probably about 6 or 7. My dad took the weekend and took just ME camping for the weekend. We lived in California at the time, in the Sacramento/Carmichael area. I don't remember the details of exactly where we went camping but I'm guessing somewhere along the Sacramento River. We collected w...

Cleaning out the aviary at a rundown zoo, the keeper finds two finches that have died of old age. He picks them up and places them in a sack. After cleaning the cage he puts the sack in his wheelbarrow and moves on to the next cage. When he reaches the primate cage he finds two chimps that have a...

Fellow Rainers...I really hope you'll give a warm welcome to someone I have known for a very long time.  Les Snodgrass is a good friend of mine...I actually used to work for him years ago when I lived up in the Seattle area.  Les used to operate a very successful repossession company.  My oh my, ...

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 15, 2011 This morning’s Conventional FIXED and ARM rate quotes are:                             30 Year                                                 4.125%   (4.368% APR)                                                15 Year  ...

I went to Costco recently to purchase their package of Foster Farms Chicken breasts.  Wasn't I surprised that when I got home I picked up the Chicken Tenders, instead of the whole breasts?  So, my purchasing faux-pas caused me to get creative.  I had been planning on bar-b-quing up some chicken t...

Ed's boat sinks and he's stranded on an island with no other people, no supplies, nothing. After about four months, he is lying on the beach when a gorgeous woman rows up to him. In disbelief, he asks her, "Where did you come from? How did you get here?" "I rowed from the other side of the island...

Daily Rate blast - Medford Oregon Mortgage Interest Rates - August 12, 2011 This morning’s Conventional FIXED and ARM rate quotes are:                             30 Year                                                 4.125%   (4.368% APR)                                                15 Year  ...

SNORING PUP A couple has a dog that snores. Annoyed because she can't sleep, the wife goes to the vet to see if he can help. The vet tells the woman to tie a ribbon around the dog's testicles and he will stop snoring. "Yeah, right!" she says. A few minutes after going to bed, the dog begins snori...

It's not an illusion folks, we really ARE seeing historically low rates!  Here's a historical breakdown on Mortgage Interest Rates since 1985.  Is now a great time to buy a house?  I say...YES!  Charts courtesy of http://www.freddiemac.com/pmms/pmms30.htm