Since the most recent FED meeting on December 12, rates have moved up in a steady fashion. The benchmark 30 year fixed rate mortgage, (which conforms to Fannie Mae guidelines) has risen anywhere from .125% to .250% above last month’s new record lows. This could be temporary or the start Continue Reading →
As reported in the WSJ Ben Bernanke just refinanced his home, a more humble abode than you would think for someone in his position. Here is the link to WSJ article: “Bernanke Joins Bargains Hunters Who Refinance”. His home appraised for $839,000 and he opted for the traditional 30 year fixed Continue Reading →
After conducting research in a focus group, asking people “what does transparent and transparency mean to you?”, we heard the same answers being repeated over and over again. They top 5 answers were overwhelmingly: “open”, “honest”, “not hiding anything”, “I can see through it”, “I can see for myself”. Taking these findings and applying them Continue Reading →
An important question to ask when you are working with a consultant of any kind, especially a loan officer or mortgage professional, is “how do I know they have my best interest at heart?” I have found the more I ask this question the more I realize that they do Continue Reading →
