Sounded Like Good News, Turned Out It Wasn’t
This week was a fairly quiet week with Friday being the big number day. The 3rd quarter GDP was announced, and it came out very strong (in comparison to recent history not US history). At 2.9% growth, our economy grew at two times the pace of the 2nd quarter, mostly...Federal Reserve Meeting to Determine Prime Rate
The bid news was the Federal Reserve meeting The FOMC met again this month to decide whether to raise the prime rate. It looked to some like they might, but in the end more weak data gave them justification to put it off. Almost all experts expect them to raise the...
Two Ways to Avoid PMI. This Answer May Surprise You
If you have less than 20% down, you have to pay PMI. FALSE. There are 2 ways to avoid PMI. One is to do what we called tandem financing or a “piggyback loan.” The first bigger loan is 80% of the price of the home, as if you have 20% down. Then we give you a second...