Okay let me clear this up from the very beginning -  I am not a loan expert nor do I play one on TV, but these days that would be a great idea.  I have had several customers come to me wanting to purchase a condo and they assume that BECAUSE they have great credit [...]

Mortgage rates have eased somewhat this week as weakness in the stock market has translated into higher demand for bonds. Stocks have been hit by a renewed sense of uncertainty as investors wonder if the rally over the last several months has gotten ahead of the economic realities. A stock’s loss is a bond’s gain [...]

Mortgage rates rose another .25% over the last week and now stand at 5.75% for thirty-year fixed with no points. We are seeing some steadying, however, as the bond market appears to have stabilized and stocks have been flat for the last few days. With no large government bond auctions this week we should not [...]

Mortgage rates have remained, quite remarkably, in a narrow range – remaining below 5% despite the ten-year Treasury note taking a beating for the past week with the yield now at 3.14%.  The reason this is remarkable is that the ten-year yield has risen 75 basis points over the past several weeks while mortgage rates [...]

Mortgage rates eased last week settling at the second lowest level on record according to Bankrate.com. A sense of uncertainty seems to have returned to the markets, which tend to send investors running for the safety of bonds, and that is what played out last week and Monday. On Tuesday, however, a renewed confidence that [...]