Record low rates = limited capacity.
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Fed cuts “rates” 0.50%. Will mortgage rates follow?
The short answer is “No” or “Not nearly that much.” That’s because the “rates” the Fed cut are literally for ultra-short overnight loans. Mortgages are for 15 and 30 years. The other fact is the Fed is playing catch up. Mortgage rates are already down almost 0.50% from January.
Read more — new refi rules of thumb.
Mortgage and Home Refinance News and Info
On its surface, purchasing a home seems like a pretty straight-forward task. Don’t you just find a house, put in an offer, get a loan and cozy up to your new fireplace by the end of the week? Unfortunately, this isn’t how...Read More >>
On February 19, 2020, we hosted 96.5 WKLH during their Office Invasion broadcast. Dave Luczak, Dorene Michaels and Gino Salomone of WKLH got together with Brian and David Wickert to talk rates, refinances, and more! Find the highlights below. What is a...Read More >>
In this week’s episode, Brian and David talk about assets coming in, cash going out, and home sales numbers going up. This week’s highlights: Brian weighs the pros and cons of liquid assets and investment accounts David lists the ways you can...Read More >>
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