Is the Internet the #1 Tool for Mortgage Research?

I will be the first to admit that my adult life has been greatly altered by the internet. It is almost hard to imagine calling the theatre for movie times or contacting a restaurant to acquire hours of operation. I certainly cannot imagine having to balance my finances without internet assistance; I am the world’s [...]

The Fed Continues to Prop Up Fannie and Freddie…Communist?

Today we learned that the Federal Reserve will begin buying securities backed by Fannie Mae and Freddie Mac in January; in essence, continuing to prop these companies up. After hearing this news, one must bring back the Jim Rogers video from last July when he stated that the Fed propping up Fannie Mae and Freddie [...]

Refi Laboratory: A Common Man’s Pursuit of the Ultimate Mortgage

This is the first of what may become a regular dissertation on one man’s pursuit of the ultimate mortgage
Some background:
My family purchased a home about 4 years ago with a solid rate of 5.625% and a 20% down payment on a conforming (i.e. a loan under the ceiling of around $400,000, depending on where one [...]

The Lazy Homeowner’s Way to Refinance

Refinancing is a top issue that is on many homeowners minds. The problem is that it takes a lot of time and effort to refinance one’s home at a rate they are comfortable with. Below are four ways the lazy homeowner can make refinancing an easier process.
1. Know your credit score – Before you pick [...]

Mortgage Applications Up 48%, It’s YOUR Turn!

The moves made by the United States government to lower mortgage rates have been an initial success. Ultimately, the government hopes that lower mortgage rates will lead to more Americans buying and refinancing homes through mortgage lenders. This is exactly what happened last week as the Mortgage Bankers Association Refinance Index was up 63% while [...]

If You Think Mortgage Rates are Low Now, Wait Until You Read This

Mortgage rates are currently at four year lows causing mortgage applications to be up 48 percent. It seems like the perfect time to refinance your home or jump in and get that first mortgage, right? Well, if you think mortgage rates are low now, just wait until the Christmas retail sales come in and the [...]

Buying or Refinancing a Home in 2009? A Must Read!

We all know that mortgage interest rates have drastically declined in the last 8 weeks. We also know that the value of homes has halved themselves in many markets with some markets being down over 70%. With that knowledge, it is a great time to buy a home and if you already have one, refinancing [...]

Yes, Virginia, There IS a Santa Bernanke!

So, lenders are not apt to move as quickly or as far down on rates as purchasers of mortgages would like. But, if the Fed keeps the overnight rate low, the market will (eventually) prevail. Sometime in the coming months, banks will be eager to do business, and rates will soften as something resembling competition [...]

The ENTIRE Mortgage Market Collapse of ‘09

As stated by Gerald Celente in the video, there are many parts of the mortgage market that have yet to tumble. Celente has been correct in many of his past predictions, so he is a valuable reason even if it is doom and gloom. Retail establishments filing for bankruptcy will lead to the commercial real [...]

Refinancing Under 5% – How Much Will You Save?

After doing some research, it is quite evident there are lenders offering mortgage rates under 5% across the United States. Just six months ago, these rates were unthinkable. With rates declining at a steady pace, no one can guess where the true bottom will be, so many American citizens are taking advantage now and refinancing [...]

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