Clik here to view.
9 Mortgage Myths To Stop Believing
Buying and financing a new home can be a daunting task and many of us turn to friends and family for advice. But the only experts in the mortgage field….are the experts in the mortgage field! Friends...
View ArticleBond Market Report
The 10 Year Treasury Bond is at 2.56% as of last Friday. This is about the same as the last time I posted 10 Year Treasury Bond data in early January. On 01-03-2019 the 10 Year Treasury Bond was...
View ArticleAverage Interest Rate
I get a lot of excited questions based on information people see on the latest average interest rate news. This data is usually published monthly by the media, so it is a regular source of misleading...
View ArticleAre Interest Rates Too High?
Interest rates are becoming a hot topic lately. With interest rates shooting up approximately 1% in about a month, there is plenty to talk about. It seems that some people were only in the housing...
View ArticleAPR and FBI, CIA, USDA, FDIC, ATF, USPS, SEC, NASA, HUD.
APR and FBI, CIA, USDA, FDIC, ATF, USPS, SEC, NASA, HUD. A lot of terms and abbreviations these days seem like alphabet soup! Interest Rate and APR (Annual Percentage Rate) are two of the most commonly...
View ArticleAPR (Annual Percentage Rate) Is A Poor Judge Of Character
APR (Annual Percentage Rate) is a poor judge of character. Annual Percentage Rate, or APR, is a legal requirement that mortgage lenders must disclose on one of their disclosures called a “Truth In...
View ArticleAdd-ons? What are those?
Mortgage Add-ons? What are those? Most people are not aware that Fannie Mae and Freddie Mac have a whole chart of pricing “add-ons”. Add-ons are an amount usually expressed in discount points. These...
View ArticleAbove Par Pricing? What’s A Par?
I barely know what “above par pricing” means, and I have been in the mortgage business for 25 years! I’ll see if I can explain it, and why you need to know about it. An analogy Let’s say “par” equals...
View Article96.5% FHA Loans vs. 95% Conventional Loans
FHA Loans vs Conventional loans is an important discussion. Since you can no longer drop the MIP on an FHA loan, I wanted to show a comparison between a 3.5% down payment FHA loan and a 5% down payment...
View ArticleClik here to view.
220 Year History of Interest Rates
A while back, I published a chart of interest rates that went back about 40 years. I did this in an attempt to show that the recent increase in interest rates, as well as future interest rate...
View Article