Take Advantage While Rates are Still Low, They’re not Going to Stay Low for Long

December 20, 2010

Holiday Shortened Week – Expect Rates to be Volatile Although rates are higher since seven weeks ago, they remain low, historically speaking. There’s still a chance to capitalize on the lowest mortgage rates in decades. If you haven’t refinanced this year and want to know what’s available, talk to your loan officer right away. If […]

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Rates Went Up for the 6th Straight Week Last Week

December 20, 2010

Mortgage markets worsened again last week as belief in a U.S. recovery and concerns for inflation took hold on Wall Street. Conforming mortgage rates rose for the 6th straight week.

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Common Mortgage Phrases: Loan-Level Pricing Adjustments

December 16, 2010

Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.

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Would You Like to Give Your 2010 Tax Deductions a Boost?

December 15, 2010

Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.

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It’s Tuesday. It’s Fed Day.

December 14, 2010

The Federal Open Market Committee holds a one-day meeting today, its 8th scheduled meeting of the year and 10th overall.

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The Fed Meets Again This Week, Expect Rates to Remain Volatile

December 13, 2010

FOMC Meeting is the Highlight This Week This week, there are a number of reports set for release and a Federal Open Market Committee meeting, expect volatility to remain high. Wall Street remains undecided on the future of the U.S. economy and there will be plenty on information that they’ll be able to form opinions […]

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5 Different Rate Sheets Per Day? That Was the Case Last Week.

December 13, 2010

Mortgage markets worsened last week as the U.S. economy showed additional signs of strength; and global demand for mortgage bonds slipped. Conforming mortgage rates rose for the fifth straight week.

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Slow News Week and Mortgage Rates. What Will Happen?

December 6, 2010

It Doesn’t Take much to Move Mortgage Markets! This week is a generally slow news week.  However, there’s still a lot of news from last week that the stock and bond markets are still trying to digest. I would expect to see a somewhat volatile week in the mortgage markets.  To get a sense of […]

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Rates Rose to Their Highest Levels Since June Last Week

December 6, 2010

After a spectacular run that drew 30-year fixed rates to near 4.00, mortgage rates have returned to their highest levels since late-June.

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Mortgage Rates are Rapidly Rising, Lock in Your Rate Before it’s Too Late!

December 2, 2010

Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.

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