One of the questions that are always asked of Real Estate Agents and Mortgage Professionals is "should I buy, or wait?" There is so much press about falling rates, rising rates - falling prices, short sale nightmares and on and on . . . Buyers are confused and looking to … [Read more...] about Should You Wait?
The Story This Past Month
For those of you who like me are visual, I'm posting a simple graph that shows what the mortgage backed securities have done since May 12. They hit their low point on May 14. Don't forget, rates move inversely with the price of the security so you can see how dramatically they … [Read more...] about The Story This Past Month
What’s with these mortgage rates?
The big question on everyone's mind right now is; what's with these interest rates? Beginning on Thursday, May 21, rates began to move up, dramatically. They are now a full 1% higher than they were just a couple of short weeks ago. What's going on, and will they come back … [Read more...] about What’s with these mortgage rates?