Obsessed with The Dress?

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If you’ve gone within 20 feet of the internet today, then you already know that the world has been divided into two camps: Blue and black, and white and gold. Specifically, which set of colors best describes this dress? First, let’s take a look at the history of this thing. Late afternoon on February 26th, […]

How to Get Approved by A Co-op Board

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In the market for an apartment in New York City? Then you’ve probably heard the war stories surrounding the co-op board approval process. If you haven’t, here’s a quick primer: because there’s just one deed for the whole building, you’re not buying any particular apartment so much as you are buying a share in an […]

Current Mortgage Rates for Friday, February 27, 2015

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Mortgage backed securities got beat up a little bit yesterday, and mortgage rates rose.  I think that the reasons for the sell-off were likely a combination of profit-taking and concession for yesterday’s Treasury auction (not to mention the million other little factors that cause rates to swing to and fro – perhaps a butterfly in […]

Check Your Credit Before Buying a House

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If you earn enough to qualify for a mortgage and you’re ready for homeownership, you might be eager to begin the process of buying your own property. However, it takes more than income and desire to purchase a home. You must also meet a lender’s credit guidelines. Yet, some people never check their credit before […]

Current Mortgage Rates for Thursday, February 26, 2015

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Mortgage backed securities were basically flat yesterday, holding onto the gains we saw on Tuesday afternoon following Janet Yellen’s testimony before the Senate.  Yellen’s testimony before the House more or less mirrored her comments to the Senate and were largely a non-factor. Mortgage rates were approximately flat yesterday.  This morning MBS have been choppy following […]

4 Things that Are Hard to Move

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Fact: moving is hard. Shifting the contents of your entire household into a truck and then into a new house takes time and patience—not exactly the kind of things you have a lot of when you’re trying to live your life. Some of the items in your house, though, are harder to move than others. Here […]

Current Mortgage Rates for Wednesday, February 25, 2015

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Yesterday mortgage backed securities rallied significantly following Janet Yellen’s testimony to the Senate.  As a result, mortgage rates improved significantly.  MBS have now recouped about half of the losses incurred since the beginning of the month.  According to Zillow, the average rate on a 30-year fixed-rate mortgage is now at 3.76%, up from 3.67% the […]

Buying a Private Island: Worth It?

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Living on your own island is one of those ideas that seems really cool in theory. There’s the privacy, the solitude, the megalomaniacal self-satisfaction. It’s not just something that works in theory, either.  A long list of bold-faced names (Tyler Perry, Johnny Depp, Leonardo DiCaprio, Beyonce and Jay Z, etc.) have succeeded in making an […]