From the category archives:

Mortgages

How much of a Downpayment do you need?

I got two funny phone calls today from Charlotte Real Estate Agents, both asking about down payments.  Since the mortgage crisis started three years ago, the biggest mis-information in the media has been concerning down-payments, with most news articles saying you need 25% or more for a down payment. The first call went like this: [...]

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Should you carry debt in today’s economy?

I’ve been saying for years – Mortgage debt along with other savings is far better than no debt with no savings. In other words, build up your savings and form the habit of saving money, then pay off your mortgage.  apparently, the Wall Street Journal thinks so also: By JANE J. KIM And JEFF D. [...]

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Why are rates dropping, and what to do about it

Last week’s jobs report, and the continuing financial woes in Europe, are keeping mortgage rates low in Charlotte and throughout the US. On Friday, after the weak Employment Report, mortgage rates fell to their lowest level on 2010. When rates eventually go back up, it will happen quick.  It could be this weeks $70 Billion [...]

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Mortgage Rates This Week

Conforming and FHA mortgage rates rose for the first time in 5 weeks last week, pulling mortgage pricing off its best levels of the year.

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What’s Ahead For Mortgage Rates This Week : May 24, 2010

Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.

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