Some Reservations at The Federal Reserve
Almost all major financial analysts are predicting that the Federal Reserve, under Ben Bernanke’s direction, will leave the Fed rate of 5.25% untouched at their meeting today. Now, with the recent reports indicating a downturn in sales of durable goods, plus the continuing drop in new housing starts and home […]
The Federal Reserve Pauses in Their Rate Hikes
Well, the two big news stories in the last few weeks were the Federal Reserve Bank’s decision to not raise rates for the first time in 3 years, and the terroist plot by Islamic extremists that was foiled in Great Britain. How these two things are related helps […]
Here’s some more info about where interest rates are headed, and its not good. Even the head of a group that critiques the Federal reserve’s policies thinks rate increases are still coming in the weeks ahead. So if you’re buying a new home or refinancing your current home (especially if you have an ARM), now […]
Well, the latest statements from Ben Bernanke and the Federal Reserve indicate that interest rates are going to continue to be pushed up by the Fed’s ongoing program of bumping the prime rate. Stock prices were down again as Mr. Bernanke said that the economy was in a state of “transition”, and that the Fed was committed […]
Is an Adjustable Rate Mortgage Your Best Deal?
If you’re looking for a mortgage, what kind do you need. There are hundreds of different programs out there, and you probably don’t want or need to become an expert on all types of mortgages. You just need to hire a licensed professional you can trust to find the […]
When Will Ben Bernanke Blink? Is the Federal Reserve’s Rate Raising Fight Against Inflation Going Too Far?
There is a lot of speculation and debate among economists about whether the Federal Reserve will raise the Fed’s short term interest rate to 5% in their meeting on Wednesday. If they do, it will make 16 straight jumps […]
If you don’t know you’re Credit Score, or have borderline credit, read this before you go looking for a loan.
The credit score most lenders use to determine whether or not to give you a mortgage, and what rate and terms they’ll offer you if ou do qualify, is a composite of three scores from three […]
The answer to this question is…every time! Unless, of course you have perfect credit, low debt and high income, and a close personal relationship with the branch President at your bank. Then (maybe) they’ll be able to get you better rates and terms than a Licensed Mortgage broker. But you’re still limited to the loan […]
Top 10 Reasons to Buy Your Own Home and Quit Renting
10. You’re paying off your landlord’s property. Every time you make a rent payment, your landlord uses some part of that to pay off the mortgage on the home you’re renting…AND KEEPS THE REST!
9. For most people, their biggest retirement savings is the value in […]
Where do you start to get a great deal…start here, and get the information you need first.