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mortgage interest rates: The Law of Mortgage Interest Rates - 04/03/10 07:03 PM
If the law of gravity is, "What goes up must come down", then the law of mortgage interest rates has to be, "What comes down must go up". No one can argue that rates have recently been the lowest we've seen for a long, long time. And we knew it wasn't going to last forever, but somehow we got lulled into a false sense of "low rate security". Even though the recent incline has been slight thus far, experts are suspecting rates will continue to rise. But no one is sure how long or how fast they'll go up.
Why the expectation of a rate increase? Because last … (8 comments)
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mortgage interest rates: Mortgage Rate Indicators for Denver - 01/25/10 01:01 PM
Mortgage Rate Indicators for Denver
Interest rates can be extremely volatile based on the news from various sectors of the economy, such as unemployment, inflation, etc. So, when trying to decide whether or not to lock a loan, it's important to watch mortgage rate indicators which MIGHT give some direction. Notice I said "direction" not "guarantee", because there really is no one that knows for sure what the interest rates are going to do. If they did, they would own islands somewhere warm and be retired!
If you are interested in applying on line for a loan, go to www.MyLenderOfChoice.com.
Or … (5 comments)
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mortgage interest rates: Mortgage Rate Indicators for Denver - 01/04/10 08:54 PM
Mortgage Rate Indicators for Denver
We all know the law of gravity: what goes up must come down.
But here's the law of interest rates: what goes down will most likely go back up!
If you or your clients are trying to decide when is the right time to lock your interest rates, I suggest you keep a close eye on the mortgage rate indicators. And you don't have to be under contract to lock a rate. Call today for details!
… (2 comments)
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mortgage interest rates: Why rates are not going to get to 4%! - 12/23/09 04:16 PM
I hate long posts, especially when it's about something like interest rates, but hang with me here because I think this is going to make sense, in simple terms (or as simple as you have heard on this subject).
First you must understand what goes into an interest rate. Let's say a borrower is paying 5% interest. Where does the 5% go?
Approximately 1% of that amount is split between 1) the servicer, 2)FNMA/Freddie Mac, and 3) Wall Street.
1) Servicer earns a portion of the income for maintaining an accounting for each payment made on the loan. Tax and Insurance … (9 comments)
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mortgage interest rates: Mortgage Rate Indicators - 11/23/09 11:49 AM
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Ruth Vogt 720-489-0712 (LMB#100023827) FHA VA Conventional Home Loans Colorado
Centennial,
CO
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