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Mortgage Rate Sheet for 9.12.14
Economic news: This week had economic news that wasn’t too good. Retail sales for August were in line with expectations, up .6%. The 3 year note auction was not very strong, which means that investors think they could get a better deal by not buying short-term debt....
A Buyer with Less than 20% Down HAS to Pay PMI…FALSE
A buyer with less than 20% down HAS to pay PMI. FALSE. In fact, there are 4 ways to pay PMI and 2 of them are not monthly. Here's how: On a $400,000 loan on a condo with 5% down, you might have to pay $300 per month for PMI. However, to avoid that monthly fee, you can...
How the Unemployment Rate Affects Real Estate Investors
Economic news: The first Friday of the month we always get the previous month’s employment data. The Federal Reserve is putting a lot of weight on this data in their assessment of the overall economy. Think of it this way: if they don’t feel the employment numbers are...