Lock or Float a Mortgage Rate? How to Decide
Original post by Marcie Geffner Whether to lock or float a mortgage rate is a crucial question for borrowers. And it’s not easy to answer. Here’s a look at what to consider when deciding whether to lock or float a mortgage rate. Why Lock? All interest rates are subject to risk due to market fluctuations. [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 9/24th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it is likely going to be a fairly active week in the markets and mortgage rates again. The most important day will likely be Tuesday or Thursday, but Friday’s data can also influence mortgage rates. The best candidate for the calmest day of the [...]
What You Need to Know to Get a Mortgage
By ALINA TUGEND Reposted from the New York Times GETTING a mortgage used to be as easy as choosing the right color paint for a new home. Don’t have stellar credit? No problem. No verified income? Step right over here. High debt-to-income ratio? Sign on the dotted line anyway. “Two years ago, we had a [...]
What You Should Know About Home Appraisals
By Amy Fontinelle for Investopedia When you’re buying a home using a mortgage, refinancing your existing mortgage, or selling your home to anyone other than an all-cash buyer, the home appraisal is a key component of the transaction. Whether you’re a buyer, owner or seller, you’ll want to understand how the appraisal process works and [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 9/17th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, there really isn’t a specific report or particular day that stands out as the most important of the week. I don’t believe any of this week’s economic data has the potential to move the markets or mortgage rates heavily. There are many individual speaking [...]
THURSDAY FED MEETING – MORTGAGE RATES
Today’s FOMC adjournment has brought us some very favorable news that has rallied the markets. As many had expected, Mr. Bernanke and friends have announced another Quantitative Easing (QE3) campaign to help keep long-term interest rates low. What did surprise many though was the announced open-ended campaign. In previous QE programs, a fixed amount of [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 9/10th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, I think we need to label Thursday as the most important day of the week with the PPI and Fed events scheduled. However, Friday has some very important economic data set for release and also has the potential to heavily influence bond trading and [...]
Mortgages Tumble Near Record Lows Again
Mortgage rates tumbled this week as investors awaited moves by the world’s major central banks. The drop put rates near record lows again and ended a four-week streak of increases, giving borrowers some extra time to grab a low rate. The benchmark 30-year fixed-rate mortgage fell to 3.8 percent from 3.91 percent, according to the [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 9/3rd
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, even though the calendar is light in terms of the number of economic reports scheduled this week, two of them are major releases and can be highly influential on the financial and mortgage markets. The biggest day will likely be Friday with the Employment [...]
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