Why Did my Bank Quote a Higher Interest Rate than Advertised? Ever notice the small print next to the in-bank posters with loan interest rates?  It is the bank’s way to cover itself when loan officers have to quote interest rates that are higher than those on the advertisement.  Rates are not set in stone;…

Read More

Mortgage rates have fallen.  This is a GREAT time to refinance, and lock in savings before the holiday leaves you strapped for cash.  Think of what you can save by locking into lower rates today.  Why Refi Your interest rate sets the cost of your mortgage loan.  You borrowed money and agreed to repay the…

Read More

Home sales are reportedly strong; political headlines indicate an uncertain future.  The result?  Interest rates are rising. The shift in the bond market was swift.  That kind of change is  usually based on weak economic data or politics clearly implicating economic negativity.  Turnarounds based on less concrete indicators may mean traders are willing to drive…

Read More

Should you refinance NOW? Sept 18, 2019, the Federal Reserve announced a federal funds rate cut of .25% or 25 basis points.  The immediate results of this is that funds to banks will cost less, which hopefully will affect the interest rate your bank will offer you, as a borrower.  But your bank lending rate…

Read More