September 3, 2010
- Wall Street liked the jobs report today and is bidding up stocks at the expense of bonds. Mortgage rates are rising. Rates are higher by 1/8 percent this morning.
September 2, 2010
- After 19 weeks of improvement, mortgage rates are stupid low right now. Don't miss a chance to do something about it. Especially because rates look troughed.
September 1, 2010
- According to the Standard & Poors Case-Shiller Index, home values rose 5 percent in June versus the month prior, and 4 percent from a year earlier. But while the Case-Shiller Index is accurate, it's imperfect. Let's look deeper....
August 27, 2010
- With home prices in gentle recovery and mortgage rates continuing to fall, home affordability is cresting. See where all 225 metro areas rank.
August 26, 2010
- Mortgage rates keep dropping, but they're dropping ever so slowly. Homeowners with loans in-process can stop worrying about having locked "too soon" -- rates are essentially the same today as they've been for 2 months. And for everyone else, it means there's still more time to join the Refi Boom.
August 25, 2010
- The real estate market is a tale of two price tiers. Sure, the Existing Home Sales data was awful, but not if you live in a "luxury" home.
August 23, 2010
- You're thinking of a refinance to lower rates. That doesn't mean you have to reset your loan by 30 years, though. With a basic math formula, you can apply your monthly savings and pay off your loan even faster than if you had done nothing....
August 20, 2010
- The good thing about closing costs is that they're negotiable, in some respects. You can't avoid paying underwriting fees or taxes to the government, for example, but you *can* arrange to have loan costs paid on your behalf. It's called a "zero-cost mortgage". But, there is a trade-off.
August 19, 2010
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- Mortgage rates are really, really low. And they'll probably fall further. But don't get greedy. Take your bird-in-hand. Get started on that refi.