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Mortgage Rates Improved Significantly This Week
Mortgage rates spiked pretty aggressively over the past few weeks, but this week we’ve seen some significant improvement due to the ongoing financial mess over in Europe and uncertainty over the...
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Ten-Year Treasury Yield And Mortgage Rates Increase Aggressively
Mortgage rates have spiked aggressively over the past week and half, underlining the importance of not procrastinating if you’ve been given a good mortgage quote. Those that don’t act right away often...
View ArticleMortgage Rates Hit 1-Year High
The often unbelievable volatility in today’s mortgage rate environment underscores the old adage about striking while the iron is hot. If you have a good mortgage offer, you need to get on it quickly...
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Just How Much Have Rates Increased the Last Few Months?
Mortgage rates have risen over the past month in one of the ugliest rate spikes I’ve seen in the nearly 7 years I’ve been in the mortgage industry. Historically speaking, rates are still fantastic, but...
View ArticleAverage 30-Year Fixed Rate Hits 4.46%
The nasty rate spike in the mortgage markets continued last week. According to the Freddie Mac mortgage market survey, the average 30-year fixed rate hit 4.46% – up from 3.93% just the prior week. This...
View ArticleMortgages Are About to Get a Lot More Expensive
It’s looks like mortgages are about to get a lot more expensive – a lot more – in the near future. Between the Federal Reserve reducing its bond buying program and changes at Fannie Mae and Freddie...
View ArticleBeware These Common Advertising Gimmicks Mortgage Lenders Use to Get You to Call
If you’ve ever seen or heard mortgage advertisements on TV, the internet, or the radio, you’ve probably heard some pretty exceptional interest rates advertised. By law, all advertised rate quotes have...
View ArticleHow to Shop for Mortgage Rates And Get a Killer Deal
Shopping around for the best mortgage rate isn’t rocket science, but it’s still important to do it right if you want the best possible deal.The following tips and insights about how to shop for...
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What Everybody Ought to Know About the So Called “No Closing Cost” Mortgage
A loan officer friend of mine once had a fairly wealthy client who told him with great pride that she had never paid any closing costs on any mortgage in her entire life. Her whole manner suggested she...
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Does the Government Want Higher Mortgage Interest Rates?
Does the government want higher mortgage interest rates? It sure seems like it, at least according to a report released last summer by the Federal Housing Finance Agency (FHFA), which oversees...
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