Why You Should Rent And Pay My Mortgage

Rent vs. Own Now more than ever is the best time to Purchase a home in U.S. history! You may ask why, think I am crazy or just writing this post due to the fact my job revolves around assisting individuals in the process of purchasing their home. As a homeowner you will reap many emotional, financial and...

Did You Miss the Low Mortgage Rate Bus

Don’t worry if you did, they will come back? Maybe? If market analysis tells us anything; the individuals who play in the market are creatures of habit.  Given we are headed into a weekend coupled with a Holiday shortened week; we could see the flight to security begin accepting boarding passes Friday. ...

Mortgage Rates December 17, 2008 EOB

What a day. After the FEDs Historic announcement yesterday, MBS acted in proper fashion and started there advance toward never before seen territory.  At one point today (12/17/2008) we witnessed rates reach as LOW as 4.5% (on lender rate sheets).  The party didn’t last long for the 30 YR FNMA 4.5%. Just...

Mortgage Rates December 17, 2008

Interest rates change constantly, but it is important to know that rates are cyclical. If rates are currently at historical lows then we know there is a strong probability rates will go up again, and vice versa. Certain economic indicators such as unemployment data, consumer price index, retail sales data,...

FED Cuts Rate To ZERO

The Fed has taken Historic Action and has established a Target Range vs. a Flat Rate. Target range for the federal funds rate of 0 to 1/4 percent. (This should be interesting for Prime? Credit and Money is NOW Cheep. Didn’t we do this in 2001-2003?) Given the overall decline in the U.S. Economy, the...