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Monday's bond market has opened in negative territory despite a negative open in stocks. The Dow and Nasdaq are both showing early losses with the Dow down 47 points and the Nasdaq down 6 points. The bond market is currently down 3/32, which should keep this morning's mortgage rates near Friday's morning levels...more
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Mortgage 101
Once a simple task that meant comparing the fixed interest rate mortgages of a dozen or so lenders, the mortgage search today is more like finding your way through a maze. There are dozens of loan types, hundreds of loan programs and thousands of mortgage brokers, bankers, lenders, finance companies, credit unions, even stock brokerage firms originating loans...more
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