 Providing Useful Information, Advice, Education and a Fair Honest Deal on your Mortgage |
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Market Comments
A daily look at the bond market
and it's effects on mortgage rates
This Week's Reports
Fed raises rates 1/4%
Prime Rate increases to 7.25%
Retail Sales increase 0.3%
This Week's Upcoming Reports
Jobless Rate
Rate Trends
A peek at where rates are today compared to 2 weeks,
3 mos and 1 yr ago
Conforming Loan Limits for 2006 for a Home Mortgage are now $417,000
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Discusses the steps to buying a home and the order to take them in. The Six stages of a Home Mortgage Loan that 619 score really does change the requirements! |
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Economists were expecting the PPI to fall 0.3%. Excluding food and energy costs, the core PPI rose 0.1%; economists expected the core rate to rise 0.2%.
Separately, U.S. housing starts rose 5.3% to 2.123 million units in November, well above median expectations.
These two reports show that infaltion pressure is low from the wholease pricing aspect of the economy and that builders, and buyers, are still pushing ahead with building new homes regardless of rates being above the 6% level for a 30 year fixed.
Of course, traditionally, rates are still at 30 year lows and although people had begun to get used to lower mortgage rates, these rates are still very, very low.>> read the rest of the story
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When you are refinancing or buying a home the more informed you are about the mortgage process, the less stressful this experience will be. DailyInterest.com will help you learn how to ask the right questions. There are examples in plain english throughout the site of how it really works so that you will become knowledgable on all aspects and types of mortgages.
Mortgage Tips for an Easy Refinance
- Taking Out Cash - know when the rules will change
- Points - a series of articles on how to use them to your advantage
- How far do rates need to drop to refinance
Less Than Perfect Credit / Bad Credit Mortgages
For borrowers with less than perfect credit, or even those looking for a bad credit mortgage, there is useful mortgage information and mortgage advice so that you can learn how to improve your credit and know that you will get a mortgage with reasonable costs and that you have found someone to help put you back on track!
- New Articles Coming
Soon!
- Ask these Questions for an Accurate Mortgage Quote - a list for you to make it easy
- A Deal or a Scam? How to tell the difference - Knowing if they're lying is not that hard
- Know what affects that rate you are quoted -
- The Good Faith Estimate - What to Expect and What Should NOT be there
- Is paying points the choice for you? - Read all 5 articles!
- Are You trying to get the Very Best Interest Rate? Please Be Careful
- Mortgage Broker or Bank - Which is better for you?
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First Timers - Learn About What You Should Expect
- What is a Mortgage?
- What Documents You Need to Have Ready
- What are Escrows?
- Buying vs. Renting
- Steps in the process - The Six stages of a Mortgage
- Being prepared shortens the time
- Tips for a stress free mortgage
Learning About Credit and How if Affects your Mortgage
- Credit Grades and Credit Scores - that 619 score really does change the requirements!
- How Credit Scores affect your choices - A list of the Credit Score Ranges and how the rules change
- Improving your Credit Scores - 10 tips to keep good credit
- 5 ways to Hurt your Credit Scores - Be Careful!
- FICO Scores - an Explanation and History
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