If Your Monthly Payment is About to Reset…

by | Aug 18, 2008 | Tips

I want to share a situation that comes up all too often in this market: I got a call a few weeks ago from a woman that bought her condo in 2005 with a 5% down payment. She was put in a 3/1 Interest Only ARM (fixed at a set interest rate for the first 3 years of the...

Consumer Price Index 8.14.08

by | Aug 14, 2008 | General Market News

I know, I know… we don’t need an official report to tell us this, but here it is anyway.  The overall July Consumer Price Index (CPI) came out this morning and the reported figure was a hefty 0.8%.  The CPI is the economic measure of consumer inflation and...

My Interest Rate Watch List

by | Aug 12, 2008 | Business Promotion, Rates

One of my fortes in my business is that I’m constantly monitoring the market and interest rate trends – always daily and often hourly. If you’re ever curious where they’re headed or WHY they’re headed that way, I’d be happy to talk...

Interest Rate Graph

by | Aug 8, 2008 | Rates

We’re in an extremely volatile market and it isn’t unusual to get multiple interest rate changes within a single day. It feels like lenders are quick to increase rates when the market is doing poorly, and slow to improve rates when the market is doing...