How to Prepare Your Home for an Appraisal When Refinancing

You might be eager to refinance your mortgage loan. A refinancing can reduce your current interest rate and monthly payment, and there’s also the option of borrowing cash from your equity for debt consolidation, home improvements and any other purpose. However, getting approved for a refinancing is just the first step. A lender will not […]

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Current Mortgage Rates for Thursday, January 29, 2015

Yesterday mortgage bonds were close to flat until the Fed announcement at 2pm.  After the Fed announcement, MBS initially sold off for a very brief period, then proceeded to rally significantly before selling off a bit before the close. Mortgage rates were improved.  The price action struck me as somewhat confounding, because the Fed statement was […]

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4 Historic Snow Storms

If you were anywhere near the northeast this week, there’s no way you escaped the 24-hour news coverage of The Blizzard of 2015, Winter Storm Juno, or—for many more southern parts of the area—The Storm That Wasn’t. We might not have gotten the widespread destruction that the weather forecast promised, but that doesn’t mean we […]

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Current Mortgage Rates for Wednesday, January 28, 2015

Despite your standard intraday swings, mortgage backed securities were largely flat yesterday. Mortgage rates were effectively flat.  A lot of domestic data was issued yesterday, and it was largely mixed.  The Durable Goods report for December was very poor, and the Richmond Fed Manufacturing Index showed weakness, while Consumer Confidence and New Home Sales jumped. […]

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Should You Do Your Own Taxes?

With the first month of the year almost over and your W-2s in, it’s time to face the facts: tax season is upon us. Even though you still technically have a couple more months of valuable procrastination time left, it’s not too early to start thinking about your game plan. That is, whether you’re going […]

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Current Mortgage Rates for Tuesday, January, 27, 2015

Twas the day before the Fed/and all through the shed/nothing was stirring/except me, trying to figure out where somebody put the @#&*$#$!@*! rock salt.  A bad case of bronchitis kept me from blogging yesterday (won’t keep me from shoveling today, though), but it looks like the mortgage backed securities market was pretty close to flat […]

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New FHA Home Loan Guidelines for 2015

If you need a low-down payment mortgage and you don’t have the best credit score, an FHA home loan can help you get the keys to homeownership. The FHA home loan program has been around since 1934 making homeownership affordable for many. With the new year underway, the Federal Housing Administration recently announced changes to […]

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3 Surprising Things Your Homeowner’s Insurance Covers (And 3 It Doesn’t)

Homeowner’s insurance is meant to offer you financial protection if your home or some of the things in it are damaged or destroyed. But even the standard policies have a couple quirks, and not everyone takes the time to read the fine print. Here are three things you may not have realized you had coverage for. […]

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