Mortgage interest rates for the most part in my 16 year career as a loan officer dropped quicker today than ever before. But they still aren't the lowest that I have seen in my 16 years. But why such a quick decrease in interest rate? Today, the Feds announced two new programs, one of which will allow them to purchase up to up to $500 billion of mortgage-backed securities issued by Fannie, Freddie and Ginnie Mae. This is after the fact the MBS's have been more … (14 comments)
mortgage rates report: Mortgage Interest Rates - 10/14/08 - Be carful on advice given!!!!
- 10/14/08 05:35 AM
Interest Rates - Mortgage Interest Rates - CAUTION !!!! ...... Anyone putting mortgage rate reports up, usually obtain their information from the 3 major leading services that pass this information out for a price. Most of your loan officers can't predict rates, let alone, many of these companies are just taking a stab at it. If you see blogs or articles titled below, they are usually copied from a service : Mortgage Rate Update Daily Mortgage Rate Advisory Interest Rate Lock Recommendation Mortgage Rates Report
In my honest opinion of 16 years in the mortgage industry, 99% of … (10 comments)
I just want to educate people about mortgages and the process.
In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.
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