Current Mortgage Rates for Monday, June 29, 2015

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Well.  Things are getting crazy over in Europe, and Treasuries and mortgage backed securities are the beneficiary today.  Last week mortgage backed securities sold off pretty consistently, and mortgage rates rose.  Friday, in particular was a bad day.  So far this morning MBS have made up all of the ground that was lost on Friday. […]

Mortgage Rates Roundup for Saturday, June 27, 2015

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Mortgage rates wound up settling right around where they were last week. Chief economist for Freddie Mac, Sean Becketti, said “Economic releases confirmed increasing strength in housing… Buyers appear anxious to purchase homes before the expected increase in interest rates later this year.” Rates are still expected to rise, but how high, and how soon remains […]

Current Mortgage Rates for Friday, June 26, 2015

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I’ll be honest with you folks.  This blog is going to be an exercise in seeing how many words we can squeeze out of almost no news, or anything of any real interest.  That’s thirty-three right there.  Yesterday mortgage backed securities were flat, and mortgage rates were the same.  This morning, MBS are in the […]

DIY Mirror Etching

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A mirror etching is a great way to add to your home’s elegance without spending a fortune. As long as you’re mildly artistic, you shouldn’t have a problem with this DIY project. Supplies: Clear adhesive vinyl paper Craft knife (X-Acto Knife) Etching cream Paint brush Mirror Pattern or stencil Scotch tape   1. Create your […]

Current Mortgage Rates for Thursday, June 25, 2015

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The Primary Mortgage Market Survey came out this morning, revealing the average rate on a 30-year fixed rate mortgage to be 4.02%, slightly up from last week’s rate of 4.00%. The average rate on a 15-year fixed rate mortgage is 3.21%, down slightly from 3.23%. The 5-year ARM also dipped down this week, from 3.00% to 2.98%. Chief […]

How to Simplify the Home Buying Process

Studio image of modest 'first-time buyer' dwellings with white space, soft reflections and keys. Ideal for real estate, mortgage and home ownership concepts. Copy space.

As a first­-time home-buyer, the home buying process can be intimidating and stressful. This is brand new territory for you. And since you don’t know what to expect, you might not realize how slow and complicated the process can be. But even if you’re new to the “home buying game” and slowly learning the ropes, […]

Five Steps to Turn Your Second Property Into a Rental

Home For Rent Sign in Front of Beautiful American Home

If you’re thinking about buying a new house, don’t assume you have to sell your present home. Turning this residence into a rental or investment property can create passive income for you. Understandably, being a landlord isn’t for everyone. But if you’re willing to take a chance, and if you can handle the day-­to-­day responsibilities […]