Favorite Foods of the Founding Fathers

Sweet traditional American pie on wooden background,selective focus and 4th of July concept

Every year on the 4th of July, people across America take it upon themselves to cook, grill, bake, and barbecue their favorite foods. While our modern meals are certainly delicious, if your goal is to out-American your fellow patriots this holiday weekend, a good place to start is by eating the favorite foods of our […]

Current Mortgage Rates for Wednesday, July 1, 2015

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Greece giveth, Greece taketh away.  The last couple of days have been somewhat of a roller-coast ride for mortgage backed securities, with most of the price action a result of headlines out of Europe on the Greek situation.  MBS rallied on Monday, lost a little ground yesterday, and have opened much lower today, apparently on […]

What Does It Mean to Be Pre­-Approved for a Mortgage?

Loan approval

Wouldn’t it be nice to know what you can afford before shopping for a house? With a mortgage pre-­approval, this is exactly what happens. Getting pre­-approved for a mortgage isn’t required to look at properties or bid on a home but there are advantages to meeting with a lender beforehand. Pre-approvals help eliminate the guesswork when shopping for a […]

Current Mortgage Rates for Tuesday, June 30, 2015

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Yesterday equities got hammered, bonds rallied, and mortgage rates improved.  This may just be a temporary respite, as the proximate cause for yesterday’s price action was the mess over in Europe.  In the event that situation is resolved in some manner that is not disastrous, I think we’ll see mortgage rates tick back up.  This […]

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

mortgage interest rates

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 […]