dan dowling mortgage planning: Rates are skyrocketing right now!!! Important.
- 09/20/07 08:45 AM
Right now rates are going up: Thursday Sept 20th 4:45 p.m. Each week I'm one of the mortgage experts whom bankrate.com asks to predict interest rates. Eearlier this week I predicted that rates could well go up even though the Fed lowered the Fed funds rate. I'm here to tell you. Get your clients locked. The mortgage rates are skyrocketing as we speak. You can see the prediction here. http://www.bankrate.com/brm/static/rti.asp I hope this helps somebody save some money. (and get a client off the fence) Let me know your thoughts, Dan Dan Dowling - Certified Mortgage Planner, President United Mortgage Capital Corp.Altamonte Springs, FL (suburb of Orlando)http://www.myloanadvisor.com/407 681-4288 … (1 comments)
dan dowling mortgage planning: Fed cuts rates, yet now may be the best time to lock...before it's too late.
- 09/20/07 08:24 AM
Guys and gals. Here's the latest in articles put out by Bankrate.com. I had the privilege of being interviewed for my perspective. This article is perfect to help your buyers and sellers get off the fence. Just use it and get them going before it's too late. The key to this business is being timely. Both in your approach to moving real estate, and in how you get that information to your clients. This one article can make nearly anyone so well informed that clients won't even consider your competition. Just go out and use it! I hope this helps, Let me know … (1 comments)
dan dowling mortgage planning: How To Explain The Fed and Rates - Part III
- 08/31/07 01:37 AM
Last time we covered the Fed Funds Rate in Part 2. Now on to the final component. Prime Rate: The Prime Rate is the rate banks charge their best customers for higher risk loans. i.e. Home Equity Lines of Credit, construction loans, credit cards, etc. The prime rate has nothing to do with first mortgage rates. For example first mortgage rates for a 30 year fixed are now in the 6.xx% range and prime is 8.25%. Now, prime is determined by taking the Fed Funds Rate and adding 3% to it. So current Fed Funds is 5.25%. Add the 3% and you … (0 comments)
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Right now rates are going up: Thursday Sept 20th 4:45 p.m. ;)
;)
