On Thursday, the Freddie Mac reported that the average interest rate on 30-year fixed loan mortgages saw a significant increase from a week ago. The most recent increase to 4.12 percent surmounted the all-time record low 3.94 percent, the first time ever that rates fell below 4 percent, or so according to the National Bureau [...]
Should I Refinance My Mortgage?
June 20, 2011 By 2 Comments
At the beginning of June 2011 the housing market is crashing again with values taking another significant hit in many areas of the country. Between 17 and 19 million households around the U.S. are on the verge of defaulting on their mortgage. This situation is unprecedented and in addition to those who have already lost [...]
Can I Trust My Lender?
June 16, 2011 By Leave a Comment
A Scale of Trustworthiness “Trust me!” The last words you hear your brother say as he pushes you off the roof to the waiting trampoline below. It’s amazing how many broken bones begin with those two little words. This is a phrase heard everywhere from your Italian mother to the guy with a twenty-year-old gas [...]
