I hear this type of statement often, so I put together the following example to try and illustrate what that might look like. Example Let’s say you have the opportunity to purchase a home for $700,000 putting 20% down. That…
I occasionally get the following question when borrowers are reviewing their disclosures..."I thought my rate was 2.5%, why does it say 2.55%?" The reason is, the second rate is actually the Annual Percentage Rate (APR). The APR, in this case…
Fed is going to start buying MBS again as part of this round of QE. Check in tomorrow around 11am to see where rates are. May take some time, but definitely should help with the oversupply that raised rates last…
