Why is this happening? We like it when experts are wrong about their predictions. We have been warned for many months that mortgage rates will likely rise this summer and loans near 6 percent will be the norm. Fortunately, the experts made these predictions before knowing a European debt crisis would hit and investors would…
Monthly Archives: May 2010
How to lower your credit scores
Image by The Ken Cook via Flickr Instead of going through the strenuous process of raising your credit score we should cut to the chase and talk about how to destroy a perfectly good credit score. After all it is easy to make scores tank but it takes work, practice and good habits to build…
Rates dropped, but I’m already locked
This is the conundrum that is facing many borrowers today. After going through the process of choosing a mortgage lender, negotiating rate, haggling over fees, asking important questions like “why am I paying a document delivery fee when I’m picking them up myself?”, and finally settling on a deal that you were happy with, rates…
Waiting to Buy a Home? It Could Cost You
Despite the expiration of the Home Buyer Tax Credit, waiting to buy a home could cost you tens of thousands of dollars. “Why?” you ask. Home Values Perhaps you are on the fence because you think home values are going to drop further. You may be right, but there is mounting evidence that most markets…
WHEDA® turns to RBK to promote new Advantage home loan for first-time homebuyers.
The Wisconsin Housing and Economic Development Authority (WHEDA®) and Red Brown Kle′ Marketing Communications (RBK) have come together, once more to promote homeownership in Wisconsin – this time with the WHEDA Advantage home loan. Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source
Mortgage Rates Improve But End Session Under Pressure
Mortgage rates moved a few basis points higher for the second day in a row yesterday after several lenders were forced to reprice for the worse. The culprit was a modest stock market rally which led investors to sell their "flight to safety" positions. A flight to safety happens when investors are nervous about owning…
What Will Move Mortgage Rates In The Week Ahead?
Mortgage rates capped off a great week in sour fashion last Friday. After four days of stock selling induced rate rallying, lenders were finally forced to reprice for the worse on Friday. While mortgage rates did rise more than they have on average, the best 30 year conventional fixed loan rate was still seen near…
Mortgage Rates End Great Week On A Bad Note
After spending the first four months of the year bouncing around between 4.75% and 5.00%, the par 30 year fixed conventional mortgage rate finally fell to new 2010 lows this week. Although there were a few moments of volatility, mortgage rates generally rallied thanks to a flight to safety investor bias. A flight to safety…
Mortgage Rates Approaching Record Lows Thanks To Continued Flight to Safety
Mortgage rates extended their recent rally yesterday as stocks slide and investors continued to flock to risk averse assets like U.S. government guaranteed Treasury debt. Much like Tuesday, it was an "up and down" day in financial markets. Mortgage rates were initially indicated higher at the beginning of the day but that didn't last long…
Mortgage Rate Rally Extends As Housing Demand Stumbles
Mortgage rates initially started to rise yesterday morning but were quick to reverse course as stocks lost recovery momentum. The stock market's reversal of fortune forced investors to reallocate their funds into risk averse assets like government guaranteed U.S. Treasuries . This sent benchmark yields lower and led mortgage-backed security prices higher which allowed lenders…