Taking Action
When it comes to mortgage rates, sometimes it’s better to “act now”.  For clarification, it is no longer the time to “act now”.
On Tuesday, mortgage rates fell to their lowest levels in 4 years. It happened because the Fed said it would “employ all available tools” to resuscitate the economy.  Not because they cut […]

Are You Ready for the Next Refinance Boom?

Are You Prepared?
Have you heard that mortgage rates might be dipping to as low as 4.5%?
It seems like every time we see mortgage rates dip, we only see a 1-4 hour window to capitalize on the savings before they move up.  Yea, you’re not alone.  Many others have […]

The Decision
On Tuesday, the Fed decided for the third time in a row to keep things unchanged.  The Fed Funds Rate will remain at 2%.
Each time the Fed has a meeting, they release a statement to accompany the actual decision on rate.   It might surprise you, but the words are often more powerful than the […]

The most asked question I first get from my clients is “What is your mortgage rate?”  They are of course, assuming every consumer gets the same mortgage rate. A very common misconception. I hope after reading this, you’ll have a better understanding of why each rate quote is a […]

So, you (like everyone else) want to know what mortgage rates are going to do this week.  I’m here to help.
Have you ever asked a loan officer if they know what the mortgage market is doing and they respond with:

“Well, if I only had a crystal ball.. I’d be able to forecast exactly what they’ll […]

This morning, The Office of Federal Housing Enterprise Oversight (OFHEO) announced it’s reducing Fannie Mae (FNM) and Freddie Mac’s (FRE) 30% capital surplus requirement to 20%.  Basically, they don’t have to have as much money in reserves, so they’ll be able to buy up some more mortgages and mortgage-backed securities.
By OFHEO making this ’small’ change, […]

If you’ve been following me on Twitter, you’d know that rates have increased as much as 1/2% since Monday.  If you haven’t been following me on Twitter, today - you might consider starting. The bus of low mortgage rates has left the station and it’ll be a while before it returns.
To understand why rates have […]

I’m often asked about what makes Four Legacies Mortgage and myself any different from our countless competitors.  The truth of the matter is, I don’t like the answer ‘our advice is better or more timely or that we are more professional than the rest’.  These things should be required to even be in consideration (even […]