mortgage rates: Mortgage Interest Rates, Closing Costs and Mortgage Calculators
- 01/11/12 06:23 AM
You are in your jammies, its 1:00 AM and visions of new homes are dancing in your head. How much is this going to cost? What interest rate will you get? Who are you gonna call? No need, my friend…the internet has got you covered! Information is GOLDEN. And if you are like most, you are a do-it-yourself-er (DIY). You want and expect information at your fingertips until you reach a certain point in the home buying process.
I GET THAT. Most people prefer to browse and learn online before shopping with the aid of a real estate or lending … (1 comments)
mortgage rates: Are Mortgage Rates Going Down? How Low Will They Go?
- 01/21/09 02:43 PM
If there is one question that I get asked the most, it is "Sherri, how low will mortgage rates go?" Or another version, "Will interest rates go down further?" Let me start by saying, THAT is the million dollar question. In the last 3 weeks, I have seen 30 year fixed rates as low as 4.375%, only to jump up to 5.375%. What a wild, wild roller coaster we are on! I subscribe to many rate and market commentaries, alerts, updates and news. I have been in this industry for nearly a decade. And the Rate Game is the most difficult THING … (2 comments)
mortgage rates: What? Mortgage Rates Go Up When They Are Going Down?
- 01/20/09 01:43 AM
Mortgage Rate confusion!! Here's the question...how low will rates eventually go? This is an interesting question to say the least, in the current times. We are currently experiencing a refinance boom in this country. That's the good news. The bad news: It is expected that at least 50% of all those interest rate locks will fall through. In other words, thousands of homeowners have locked in their rates in hopes to refinance to a better position with their mortgage. 50% of these will not close...due to denials, low home values and a whole slew of other reasons. How does this affect us? Let … (3 comments)
mortgage rates: Need Help Explaining the Recent Fed Cut?
- 01/25/08 04:22 AM
If your clients are inquiring about the Federal Funds Rate cut on Tuesday here is some information that can help you explain what it is and how it does/doesn't affect mortgage rates. 1. When the Feds cut the Federal Funds Rate, it does not mean that they are cutting mortgage interest rates. The Federal Funds Rate is the interest that banks charge each other, it has nothing to do with long term mortgage interest rates (however, it DOES affect short-term rates like those who have a home equity line of credit). Can a change in the Fed Funds Rate affect … (0 comments)
You are in your jammies, its 1:00 AM and visions of new homes are dancing in your head. How much is this going to cost? What interest rate will you get? Who are you gonna call? No need, my friend…the internet has got you covered!
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