You might be wondering, what are mortgage rates doing today...should I lock? The fellas at ThinkBigWorkSmall gave a good snap shot today of what to look for in this weeks market. It appears that the … [Read more...]
Environment Shift For Buyers and Refinance Prospects with Yearly Low Rates
If you were waiting for the "planets to align" to refinance or buy a home, now is probably the time...Frisco, Plano, McKinney, Prosper, and Little Elm have the perfect opportunity as housing picks up … [Read more...]
Rates Fall 6 Straight Weeks, and Stay Under 5% for 2 Weeks Straight
Rates Remain Under 5% for 2nd Week In a Row (see last paragraph for mention of possible extension of Tax Credit again!) "The possibility of securing a mortgage rate below 5% has greatly improved in … [Read more...]
Frisco Home Sales and Average Prices…Expectations for Future Foreclosures
Home Sales up Given what our market has been through, lets think with our common sense and jump to some apparent obvious conclusions about what we would expect. With the enormous number of … [Read more...]
Should I pay points/origination…CONT’D/Part II
Should I pay points/origination? If you haven't read part I of this Blog, please click on this hyper link...Part I or scroll to the Blog title previous to this one below. ...YES!!! Pay … [Read more...]
Your Hopefully Lowest Rate for Your Refinance or Purchase is Positive Today
Yesterday we talked about some economic reports that may have barring on today's rates and maybe even more Monday. The December Industrial Report was twice as bad as expected, www.bloomberg.com … [Read more...]
Employment Reports Hoping to Drop Mortgage Rates
What are the hopes for the short term in interest rates for your hopes in a more successful refinance? In a daily report yesterday, Moving.com said, "Current forecasts call for a 0.3% increase in the … [Read more...]
Washington Mutual Bust, Todays Interest Rates
The Federal Deposit Insurance Corporation or FDIC seized Washington Mutual and sold the thrift's assets to to JP Morgan Chase. This is one of the largest bank falls in our history. Some said … [Read more...]
Government Makes Ends (profit) AND Helps Banks With Toxic Mortgage Assets – Title Inspired by CNN Money
Ok, for the Layman's terms...that's how I "roll". I put it in terms YOU can understand.Govie (Government, Washington, Uncle Sam, etc...) has got a plan. Treasury Secretary Henry Paulson (money … [Read more...]
Aurora and Lehman Brothers Negative Media Gets You the Best Rate On Your Mortgage
Just in case you are new to the search and learning mortgage, the basics are as follows. Mortgage rates are directly related to bonds. When bonds do good, your mortgage rates drop. Today the bond … [Read more...]
