It’s the Time To Give.   The Fed’s Giving You a Lower Interest Rate!

The Fed Makes The Announcement
For its last move in an action-filled year, the Federal Reserve announced it will begin buying its pledged $500 billion in mortgage-backed securities next month.
Good News For Mortgage Shoppers!
For home buyers and mortgage rate shoppers, the timing couldn’t be […]

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 […]

If You Didn’t Notice, Interest Rates Remain Inverted
This is a market condition in which the longer you commit to lending your money, the less that you earn on your investment.
So, “Why is that a big deal?” You Might Ask
Imagine if a friend asked you to borrow money for two years you charged him interest on […]

It’s official. The Fed has officially cut the Fed Funds Rate to .25% (actually a ‘target range between 0% and .25%).  This is BIG news.
No, mortgage rates are not zero percent.  However, intially (this happened half an hour ago) mortgage rates look like they could be poised for a great deal!  I’m not in […]

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 […]

Let me save you some time and money.
The Fed does not control mortgage rates.  Not at all.  The Fed can do many things to influence the economy, but one of those things they control is NOT mortgage rates.  Influence, yes.  Control, no.
Let me explain.
What Does The Fed Control?
Now that I’ve established the Fed doesn’t control […]

Did You Hear About It?
If you’ve been sleeping under a rock, you have heave missed the government stepping in to back Fannie Mae and Freddie Mac over the weekend.  BIG-BIG news.  As many speculators were saying the mortgage market was about to kick the bucket, the government stepped in.  Here’s the interesting part - once […]

Re-Pricing of Risk…Again
Often when a lender feels like they’re taking on more risk than they Fannie Mae and Freddie Mac are going to be adding ‘adverse market fees’ to thier mortgages.  This isn’t the first time we’ve seen this happen.  Back in March of this year, Fannie Mae added a .25% ‘adverse market fee’ to […]

The Big Question
Should you pay points when getting your mortgage?
It’s a question that does not have one right answer (even though some people are convinced otherwise).  To be able to determine if you should pay points, I think there are a few things you must know.  This post is intended for you to determine what […]

Roll of the dice.
That’s what I say. This week’s big news is the Fed announcement on Wednesday. There’s a lot of speculation on what the Fed’s move will be. Some say that with all of the cutting in the past few months that inflation will be a big issue. Others feel […]