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How Long Are You Going To Put Off Locking Your Mortgage Loan?

Published on December 15, 2010 By Michael

  After a huge and swift sell off in the mortgage bond market (click image to enlarge) since November 5th, 2010 that has led to an increases in interest rates, many in the mortgage business and real estate world are left scratching their heads (including myself). Both treasury and mortgage markets are overdue for some retracement (improvement in rates) as [...]

Have You Looked at the Spread Lately Between 30 and 15 Year Fixed Loans?

Published on February 12, 2010 By Michael

IT’S HUGE! It’s a good time to look at the 15-year fixed rate mortgages. As compared to 30-year fixed rates, the relative discount for “going 15″ is big. Interest rate spreads between the benchmark borrowing products haven’t been this high since 2004. But there’s more to it than just the rates.  The 15-year and 30-year [...]