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18 September 2009
10-year note fell to as low as 3.36%
INTEREST RATE UPDATE Current Trend Direction: Moving Sideways Risks Favor: Locking on the Dips Mortgage rates are lower this week as the yield on the benchmark 10-year note fell to as low as 3.36%, despite the continued rise in stocks. This week brought Read More...
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15 October 2008
Fed Cuts Rate by .50==Multi-Family Financing Still Unknown
Fed Cuts Rate by 50 Basis Points, Impact on Multi-Family Financing Still Unknown The Federal Reserve today ordered an emergency interest rate cut of half a percentage point , knocking the key rate down to 1.5 percent. The Fed fund rate is the interest Read More...
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11 April 2008
Buyers and Renters - The Cost of Waiting
First up: The loss of tax deductions . In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction. A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying Read More...
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11 April 2008
2008:The Best Year to Buy a Home in 35 Years!
In April of 1973 , mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's Read More...
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