Mortgage Rates Are Up Now What
Tuesday, February 26th, 2008 Posted in Uncategorized | No Comments »Mortgage Rates Are Up Now What Currently the national average for the 30 year fixed rate is near 6.5%. Some people out there may think that these rates are too high and are still waiting for rates to come down. In ...
New Conforming Loan Limits
Thursday, February 21st, 2008 Posted in Uncategorized | No Comments »New Conforming Loan Limits In recent weeks there has been much discussion in the Mortgage Industry as to how much the conforming loan limits for Fannie Mae, Freddie Mac and FHA (Federal Housing Authority) will be. Currently the conforming loan limits ...
Pay Option Arms-The Real Mortgage Killer
Tuesday, February 12th, 2008 Posted in Uncategorized | No Comments »Pay Option Arms-The Real Mortgage Killer Pay Option Arms are probably one of the trickiest and least understood mortgage programs available to consumers. Let me Stress to you at the very beginning, your Payment Rate is not your Interest Rate. This ...
How Do I know If Interest Rates are going to Drop?
Monday, February 4th, 2008 Posted in Uncategorized | No Comments »So many times in the news you hear that the Federal Reserve has cut interest rates. Shortly thereafter clients begin calling and ask me how much the interest rates on mortgages have dropped. First point, the Fed rate is the rate ...