It’s amazing how fast interest rates are increasing. Less than two months ago, rates were one-quarter to one-half point (percentage point) lower than they are today. The yield on the ten year treasury note has increased from around 4.5% to 4.9%. I would guess the main reason for the increase is the uncertainty surrounding inflation.…
DetailsAs I ‘ve discussed in a recent posting, I believe this will be a great year for first time homebuyers. With so many houses on the market I think buyers can find great deals. Here are a couple of tips: 1) Talk with a loan officer from a local mortgage company or bank and get…
DetailsI read a statistic the other day that nearly 75% of consumers research products and services online before making a purchase. That started me thinking about researching mortgages online. It’s a great way to ‘shop smart’ but I recommend you keep a couple things in mind as you go cyber sleuthing for a loan. 1.…
DetailsOver the past two weeks mortgage rates have increased steadily. Is this a trend that will continue in 2007? It’s really anyone’s guess. Mortgage rates are tied closely to the 10-year treasury bond which changes daily based on market news. Many economists believe rates will increase throughout the year. I think most of the mortgage…
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