Friday Proved One Day CAN Make a Difference

August 30, 2010

When Chairman Bernanke talks, markets listen. His comments about the U.S. economy helped fuel a late-Friday surge in mortgage rates last week.

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Now is THE Time, How Much Could You Save by Refinancing?

August 24, 2010

Don’t Miss the Market Bottom, Lock Now This week, it’s unlikely that the Refi Boom will meet its end, but that doesn’t mean you should wait for rates to fall further. Mortgage rates tend to change quickly and without notice, and should rates rise, you may find that you’ve missed the market bottom. If today’s […]

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A Perfect Example of What a Refinance Could Do for You

August 23, 2010

This week, it’s unlikely that the Refi Boom will meet its end, but that doesn’t mean you should wait for rates to fall further. Mortgage rates tend to change quickly and without notice, and should rates rise, you may find that you’ve missed the market bottom.

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The Fed Did What?!

August 10, 2010

Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.

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Mortgage Rates Could Change (Rise) Even Though Fed Funds Didn’t

August 10, 2010

We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.

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It’s a Busy Week, Rates Could be Volatile

August 8, 2010

FOMC Meeting Takes The Center Stage There’s a lot of data and news due for release, the most influential to markets of which is the Federal Open Market Committee’s scheduled policy meeting. 8 times annually, the FOMC meets to discuss the nation’s monetary policy with respect to the current and projected U.S. economic conditions. Sometimes […]

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New All Time Lows Reached Yet Again Last Week

August 8, 2010

This week, there’s a lot of data and news due for release, the most influential to markets of which is the Federal Open Market Committee’s scheduled policy meeting.

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June’s Pending Home Sales Numbers Give the Buyer Even More of An Edge

August 4, 2010

June’s Pending Home Sales Index is weak by most measures, but if you’re a home buyer, the headlines aren’t so bad. Fewer home sales can push negotiation leverage to the buy-side of a transaction.

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What Does It Mean To Escrow Taxes And Insurance?

August 3, 2010

The fiscal responsibility of a homeowner extends beyond the mortgage’s basic principal and interest repayments. Homeowners are also responsible for the real estate taxes on the home and its insurance premiums, too.

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Rates Could Go Up OR Down This Week

August 3, 2010

Rates Will Rise or Fall Based on the Jobs Report The jobs report, (a.k.a. Non-Farm Payrolls) hits the wires Friday at 8:30 AM ET. The markets are expecting a 75,000 net loss of jobs last month. If the actual number is higher, mortgage rates should rise. If the actual number is lower, mortgage rates should […]

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