Fluctuations in the Stock Market
Another rocky week in the markets gave us more downside to the stock market and see-saw action in the fixed rates. The biggest news was that the Federal Reserve decided to leave rates as is, or in other words not raise them again, given the world economy’s weakness....
How You Can Refinance to Have a Home Worth Thousands!
Client graduates from Pharmacy school with $170,000 in student loan debt. No, that’s not the win, but here it is. She bought a home with her hubby while in school. They bought March of 2012 for $410,000. Put 20% down. Now the house is worth $550,000-600,000 and she...
Are There Good or Bad Loans?
FHA loans are bad because they have PMI. FALSE. There are no good or bad loans; it depends on what’s right for you. I have client who recently called to refi. Their interest-only loan was about to become principal and interest with DOUBLE the payment they currently...
Bad News for Stocks, Good News for Rates
While the news is not bad, the rates fell. This week we got the December consumer price index, and it was down .1%, with the core rate up .1%. December housing starts were down .25%, and building permits were down 3.9%. All are not good signs, as construction is a...