Current Mortgage Rates for Friday, October 9, 2015

October 9, 2015 by Leave a comment

From a mortgage rates perspective, this week could be summed up in one word: “yawn.”  Mortgage backed securities are essentially in the same place they were when the week began.  Yields on 10-year Treasuries have been between 1.99-2.11% over the course of the week.  The biggest piece of economic data this week was the Fed... View Article

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What is a Piggyback Mortgage?

October 7, 2015 by Leave a comment

While mortgages are a good time, private mortgage insurance (PMI) is not. Usually, if you don’t have enough money to make a down payment of at least 20 percent (keeping the loan-to-value ratio (LTV) under 80%), you’re required to get mortgage insurance. Fortunately, clever people figured out a loophole—the piggyback mortgage. How it works There... View Article

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Current Mortgage Rates for Monday, October 5, 2015

October 5, 2015 by Leave a comment

As per usual, the second week of the month has all the makings of a boring one.  There is not much domestic economic data scheduled.  The main events of the week look to be the minutes from the September Fed meeting, the beginning of the U.S. earnings season, and, as has been the case for... View Article

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