Current Mortgage Rates for Monday, March 30, 2015

+-*Last week was a little bit of a roller coaster ride for mortgage bonds. We saw mortgage backed securities rally early in the week, and then the trend promptly reversed, all gains were lost, and mortgage rates ended up a little worse for the week. And really, this is sort of an encapsulation of what has […]

What to Expect When Buying a Short Sale

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+-*If you’re looking for a new home, it’s discouraging to learn you can’t afford most properties on the market. Home prices might be through the roof depending on where you live, but there’s a way to get your foot in the door. If you need to keep the price within a certain range, consider buying […]

5 Care Tips for a Greener Lawn

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+-*Now that spring is officially here and things are starting to thaw out, it’s time to evaluate your lawn situation. Here are 5 ways to make sure that your lawn stays the healthiest it can. Don’t over-fertilize. It can be easy to think that the more fertilizer you use, the healthier your grass will grow. In fact, […]

Current Mortgage Rates for Friday, March 27, 2015

+-*Mortgage bonds took a beating again yesterday, and mortgage rates rose.  We have lost all of our early-week gains, and are now approximately at the same place where we were when we started the week.  What we’re seeing is likely the result of portfolio repositioning, profit-taking, and good old-fashioned randomness/herd-like momentum.  On the whole, rates […]

Should You Pick a House or a Condo for Your Second Home?

buying-a-condo

+-*If you have a primary residence, you might consider buying a second home as a vacation spot or an investment property. This can be a place to relax with your family, plus you can generate passive income for a variety of purposes—save for retirement, pay off debt or create a rainy day fund. Even if […]

Current Mortgage Rates for Thursday, March 26, 2015

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+-*Right off the bat: whatever is going on with the market right now is confusing.  Mortgage backed securities sold off yesterday, losing most of the ground that was gained in the early part of the week.  Mortgage rates are up as a result.  Recent economic data has been poor to mixed at best, and I […]

When NOT to Refinance Your Mortgage

do the math

+-*With interest rates still hovering around historic lows, it can be tempting to dive into a refinance without taking a good hard look at the pros and cons. But while refinancing is generally touted as a money-saving move, it doesn’t come without cost. Here are a few situations where the costs may not outweigh your […]

Current Mortgage Rates for Wednesday, March 25, 2015

why-use-a-mortgage-payment-calculator

+-*Yesterday turned out to be a pretty good day for mortgage rates, to my surprise.  Mortgage backed securities have been rallying since Friday, and yesterday I figured that we were likely to see a plateau or possibly a sell-off due to a mixture of profit-taking and decent domestic economic data. Instead, MBS rallied all afternoon. […]