Here's this week's info, articles, & video I thought you'd find interesting and of benefit within your life and business ...
Homebuyers Get Break as Loan Rates Defy Fed Tapering:
Mortgages ...
Ashley Underwood is taking advantage of the unexpected drop in mortgage rates by rushing to buy her first home before they go up again. “I’m ready to cancel plans at a moment’s notice to go look at a house,” said Underwood, 27, who lives in Indianapolis, Indiana. “I didn’t expect to see rates falling again, and I want to lock in something before I lose out.”
The drop in the last month proved forecasters wrong, said Douglas Duncan, chief economist of Fannie Mae in Washington. After the Federal Reserve announced in December that it would begin tapering purchases of mortgage-backed securities, all the major housing forecasters said rates would jump this quarter. Economists didn’t foresee that investors would react to the Fed’s retreat by moving money from emerging markets into U.S. Treasuries, driving down home-loan rates. (MORE ...)
Credit Card Security Breaches: How to Find if YOU Have Been Effected. How to Protect Yourself Moving Forward ...
The recent breach in security at multiple well-known retail stores has Credit Card holders more than a little nervous and concerned. Rightly so ...
These breaches have led to a number of my clients (those currently in the Mortgage Process and past clients as well) to inquire:
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DIY Tips: 5 Things You Can Fix with Everyday Stuff ...
From Mr. HandyMan.com
Click on Infographic to View in Larger Format ...
How to Refinance - "on the dips" ...
The concept of "buying on the dips," which refers to purchasing stocks when prices drop, can be applied to refinancing, says Keith Gumbinger, vice president of HSH.com in Riverdale, N.J.
"Basically, refinancing on the dips just refers to homeowners using an opportunistic approach to realize savings when mortgage rates drop," Gumbinger says. "If you were thinking about refinancing last year and missed your opportunity because rates climbed in the fall and then you got distracted by the holidays, there's still an opportunity now to refinance."
As always, shout out with any questions you (or your clients) may have regarding Mortgages, Credit, or Pre-Qualifying for a loan. I'll be happy to hear from you and assist you with your needs.
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Gene Mundt
Regional Manager - Mortgage Lender - NMLS 216987
American Portfolio Mortgage
Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281
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