Should I Lock or Should I Wait?

Lock your rate

When buying a new home or refinancing, how will I know when to lock my mortgage rate? “Interest rates rise like a rocket and fall like a feather.”  This old axiom holds a lot of truth.  Generally speaking, rates tend to fall in a poor economy and rise in times of prosperity.  But more to the point, it takes a … Read More

How Interest Rates Move

interest rates

Here’s a great video discussing how interest rates move. Although produced in 2010, the principles still apply in our economy today and should for the foreseeable future.

Housing Recovery Article June 8 2013

mortgage

    Here’s an interesting article about the state of the economy and housing market – June 2013.  Click this link to go to the article directly.     Best Explanation on the Fake Housing Market Recovery I’ve Seen By Michael Lombardi | Business 2 Community – Sat, Jun 8, 2013 12:25 PM EDT The average American Joe isn’t participating … Read More

Jumbo Loan Market Coming Back?

jumbo mortgage

Here’s a great article about the come back of the Jumbo mortgage market, with a story about the typical problems we encounter in this brutal underwriting environment:   Why the Jumbo Loan Market is Finally Thawing   BY Julian Hebron, for Mortgage News Daily Oct 25 2012   Current housing recovery chatter centers around two main themes: slightly improving stats on home sales, … Read More

HARP 2.0 Refinancing

The wait may be over for homeowners who want to refinance but owe more on their mortgages than their homes are worth.   Many borrowers are now able to refinance through HARP 2.0, a program that allows borrowers to refinance regardless of how deeply underwater they are.  Our investors are still rolling this out, so we expect details to change. … Read More