How to Compare Mortgage Loan Products

There’s no such thing as a one-size-fits-all mortgage. Some products are specifically for high-end buyers, whereas other products are geared toward borrowers with not-so-perfect credit. This is why blindly choosing a mortgage product is one of the worst things you can do when buying a place. Shopping around may be a tedious job, but it’s the […]

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Getting a Mortgage is About to Get Easier

Sizable down payments have been the norm for the last few years, after loans gone bad sent the housing market stumbling. This may have changed yesterday (Tuesday, October 21st, 2014, for those of you in the future). According to The Wall Street Journal: “Federal regulators took a big step toward easing postcrisis lending rules, agreeing […]

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Mortgage Rate News for Wednesday, October 22, 2014

Yesterday mortgage rates mostly held their ground, sticking to a general sideways trend we’ve seen since the end of last week.  Volumes are down, and I think the market is taking a breather from the record volumes and volatility we saw in bonds last week.  As has been noted here (and elsewhere), I believe that the […]

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How to Decorate an Oddly Shaped Room

All those features the realtor called “very distinctive” before you bought the house have a tendency to turn very weird when the time comes to decorate. But not everyone has the space and resources to go all HGTV on their floor plan. Learn to love (or tolerate) your not-so-standard spaces with these tips. For a long, […]

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Mortgage Rate News for Tuesday, October 21, 2014

There was little change to mortgage rates yesterday, despite a fair amount of volatility in mortgage backed securities markets.  Mortgage bonds began the day by selling off, and assuming current levels stand, mortgage rates will worsen slightly today.  Remember that mortgage rates have an inverse relationship to the price of mortgage bonds, so as the […]

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Mortgage Rate News for Monday, October 20, 2014

Last week was a pretty crazy one for mortgage rates.  Rates hit 14 month lows in the middle of the week, with the average rate on a 30-year fixed-rate mortgage falling below 4% according to Freddie Mac.  It was not to last however, and mortgage bonds subsequently retreated from their peaks, and while rates are […]

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3 Refinance Options You Should Always Avoid

Mortgage refinancing can be the logical choice for many homeowners. Whether it’s to reduce the interest rate, lower monthly payments or for any other reason, it can be a smart move. However, it’s important to be aware of some common refinancing schemes that can get you into trouble. They are almost always bad deals and […]

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Mortgage Rate News for Friday, October 17, 2014

Well, it’s been an interesting week for mortgage rates.  An attempt to recap: bonds rallied like crazy on Wednesday morning, and mortgage rates fell to levels not seen since June of 2013.  According to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage was under 4%.  The rally quickly subsided, and we gave […]

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