time to buy: IR vs APR [Know What They Are] - Part 1
- 08/22/11 11:00 PM
A lot is happening in the financial markets and honestly, some of it is good for the consumers. If you have stable employment, and if you are paying high rents to live in some one Else's home, and if you have managed to keep you credit score from dipping into the very lowest "bad" category, YOU SHOULD BE BUYING A NEW HOME OR REFINANCING your current home(for you owners out there), in most cases. I am not a mortgage banker, broker, or lender. I am not licensed or certified to any degree in home financing. I am however licensed as a (0 comments)
time to buy: Silver Lining From Stock Market Fall!
- 08/08/11 04:56 PM
I recently read an article in the Washington Post that revealed an unexpected anomaly that is occurring from the recent selling-off of stocks due to the debt ceiling debacle that our partisan government just put us through. And, the great news is ... this is a positive effect for home buyers waiting to "pull the trigger" on purchasing that next home! This silver lining, quite simply, is the lowering of interest rates for mortgages. The rates weekly average has dropped to its lowest point this year at 4.39% for a 30-year fixed mortgage. This may very well be one of the (4 comments)