Current Mortgage Rates for Thursday, July 2, 2015

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As we head into the holiday weekend, mortgage interest rates seem to be staying fairly consistent, rising only.06% over last week. Said Sean Becketti, Chief Economist for Freddie Mac: “Overseas events are generating significant day-to-day volatility in interest rates. Nonetheless, the week-to-week impact on most rates was modest — the 30-year mortgage rate increased just […]

Factors to Consider When Investing in Real Estate

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The real estate market is improving in many parts of the country. So if you’re thinking about investing in real estate, now might be the time to get your feet wet. Real estate investing can be quite profitable. Some investors make a comfortable living buying and flipping properties — putting tens of thousands of dollars in their pockets […]

Favorite Foods of the Founding Fathers

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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?

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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. […]