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mortgage rates: Mike Carew's Mortgage Market Guide 2/9/08 - 02/09/08 05:06 PM
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mortgage rates: Do I lock-in my mortgage rate yet???? - 02/02/08 11:02 AM
Yes, rates are lower than a month ago. As they said on the T.V. show Hillstreet Blues... "Be careful out there men.."  It's a tough call right now to lock or not to lock in a mortgage rate. The Federal Reserve has lowered the fed funds rate over the the last weeks by a unpresedented 1.25% from 4.25% to 3.00%. Never in the history has the Fed lowered rates at one meeting .75%, let alone having them lower rates again .50% the next week!!! The Fed's objective by lowering the short term rates is to stimulate the economy. The immediate affect … (4 comments)

mortgage rates: Views You Can Use!!! New Year Tips for your Economic Health... - 01/06/08 06:15 PM
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mortgage rates: Hey!!! How much can I borrow??? - 12/19/07 10:09 AM
For those of you who have first time buyers their first question usually is "How much of a mortgage can I afford
to pay?". There are several factors that go into determining the most you can borrow. They are your income,
down payment monies available to purchase the home, amount of outside debt that you have, and your credit
score.
The most important factor of the above criteria is your credit score. In this new mortgage market a persons
credit score has become the most important component in getting a mortgage approval. A good credit score is in
the 670-680 range. If you have a score over … (3 comments)

mortgage rates: Mike Carew's Mortgage Market Guide 12/10/07 - 12/08/07 12:56 PM
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mortgage rates: Mortgage Rates getting CRUSHED today!!! - 12/07/07 10:22 AM
Wow, the bond market has really had a bad couple of days in a row. Mortgage rates are up about 1/4 to
3/8 on fixed rates mostly based on this mornings jobs report. I also believe the bond market had a nice
rally over the last two months and was due for a pullback. I don't think we will see further declines next week
when the Federal Reserve meets. If they juswt cut a 1/4 point we should have a relief rally in the bond market
and hopefully the trend to lower rates will continue into 2008.
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Michael Carew

Ramsey, NJ

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