Archive for the 'Mortgage Rates' Category
Are Adjustable Rate Mortgages “poor”?
Are adjustable rate mortgages “bad”?
No.
No, they are not.
There is nothing inherently poor about an adjustable rate mortgage — regardless what you may have seen on the evening news recently.
There are all kinds of adjustable rate mortgages: 3/1, 5/1, 7/1, 2/28 — just to name…
Will Interest Rates Jump When The Fed Quits Buying Mortgage Bonds?
By now, hopefully everyone knows that mortgage rates are not determined by the Federal Funds rate – they are determined by the market of buying and selling mortgage bonds.
If you still think that Ben Bernanke sets the mortgage rates by announcing the Fed has raised or lowered interest rates…
