mortgage rates: Dizzy Rates - 03/06/08 04:57 AM
Have you been watching? Mortgage rates have been a roller coaster ride. Up and down, down and up. It can be a lot for anyone to keep up with!
I created the Rate Watch to show how frequent this is happening, but it also shows how much of a swing you may see in the course of a week, day or even hours!
Check itout at http://ratewatch.ednailor.com/ and see how rates are changing every day!
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The Rate Watch is brought to you by
Ed Nailor - Charlotte Home Mortgage Loans
704-651-8704
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mortgage rates: RateWatch.EdNailor.com - 02/20/08 09:00 AM
I started the Rate Watch Experiment on Feb 14, 2008.
Since then I have taken a fictional rate with no points and tracked the changes in the mortgage market.
So many people mistakenly believe that long term mortgage rates fall when the Federal Reserve lowers their rates. This is not true as longer term mortgage rates are tied to treasury bonds.
Since Feb 14, 2008, rates have increased. The fictional rate I started out with on Feb 14 would now be 0.125% higher and actually cost a borrower 0.500% in points. On a $250,000 mortgage that's $1250!
Follow along at http://RateWatch.EdNailor.com
Folks, now is … (2 comments)

mortgage rates: Rate Watch Experiment - 02/14/08 08:34 AM
Many people still believe that because the Fed rate was just cut, we will see a dramatic drop in the 30 year fixed rate mortgage pricing. This is just not true since longer term mortgage rates are determined by the yields in the bond markets. So in order to help people see what is really going on with mortgage rates, I have created the "Rate Watch Experiment." This live working example shold help us all get an idea of what is going on with mortgage rates and see how quickly rates are changing each day!
To see the experiment, click on the banner … (5 comments)

 
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CarolinaMortgageConnection.comDedicated to educating, inspiring and assisting in the American Dream. Information to assist you through the hundreds of mortgage loans available today. Visit my other blogs at CarolinaMortgageConnection.com Charlotte Homes and Mortgages The articles, reviews and stories written and published on this website are simply the opinions of Ed Nailor. While Ed Nailor has professional experience as a mortgage loan officer, the information posted on this website should not be taken as personal counsel or an endorsement of anything. For mortgage related counsel or advice to be meaningful and effective, one must sit down one on one with a professional to discuss the particulars of their situation. Ed Nailor can not be held liable for any decisions you make as a result of what you might read or infer on this website. Proud supporter of the Right to Free Speech.


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