Interest Rates

Comparing Mortgage Rates Online

April 18, 2007

The Internet is an excellent resource for comparing mortgage rates. The only problem with online rate quotes is that unless you find mortgage companies and brokers that will not charge you Yield Spread Premium, the quotes you receive have been marked up unnecessarily. Here are several tips to help you compare mortgage rate quotes without [...]

Read the full article →

Mortgage Yield Spread

March 30, 2007

Yield Spread Premium is one of the least known, yet expensive mistakes homeowners make when refinancing a mortgage loan. Most homeowners have never heard of Yield Spread Premium, and if you agree to pay this markup of your mortgage interest rate when refinancing you will spend thousands of dollars unnecessarily. So what is Yield Spread [...]

Read the full article →

Yield Spread Premium

March 16, 2007

If you are in the process of refinancing your home mortgage, you may encounter the term “Yield Spread Premium.” This is a controversial subject being debated in Congress and pertains to the way mortgage loans are sold in the United States. That’s right, just like a kitchen appliance, what you pay for a mortgage depends [...]

Read the full article →

Mortgage Refinancing – The 2 Percent Interest Rate Rule

March 8, 2007

If you’re considering refinancing your home mortgage loan, you may have heard of the “2 percent rule of thumb.” This rule states that you should never refinance your mortgage unless the new mortgage rate is 2 percent lower than the mortgage rate you’re currently paying. The 2 percent rule is complete rubbish. The best way [...]

Read the full article →

LIBOR Index – Why Does it Affect My Adjustable Rate Mortgage Payments?

February 27, 2007

If you are a homeowner who purchased your home with an Adjustable Rate Mortgage, you might wonder why your mortgage lender adjusts your interest rate based on the LIBOR index. What exactly is the LIBOR index? LIBOR stands for the London InterBank Offered Rate and is pronounced LIE-bore. The index is based on interest rates [...]

Read the full article →

Robert Regehr: How much are you earning on an interest-bearing savings account these days given a 2.4% rate of inflation? 0%? How exactly are you...
brian Z smitth: Very poor advice given in this blog: This approach (dividing the upfront cost by the reduction in mortgage payment) approximates...
Robert Nagyvathy: I have been in the process of refinancing my mortgage through the First National Bank of Pa. It is now over 120 days since I...
Chuck: One thing is for sure and that is now is a great time to drop your rate no matter what kind of loan you have. Also a great time to buy a...