Posted on November 16, 2011 at 11:17pm 0 Comments 0 Likes
By Gary Tedrow, Western Ohio Mortgage
If you’ve been watching the economic news, you’ve probably
noticed that market experts and traders have been keeping a close eye on the
Commerce Department’s Personal Spending and Personal Income reports. Obviously,
those reports provide insight into the health of our economy, but did you know
they also influence home loan rates? That’s right, personal spending can actually
influence the interest rates that are…
Posted on June 30, 2011 at 12:50am 0 Comments 0 Likes
What You Need to Know If You're Buying a Home!
You've probably heard the saying, "When you fail to plan, you plan to fail." That is especially true when it comes to buying a home today. Underwriters are following strict guidelines–and that means even things like bank deposits and transfers are under scrutiny.
Here's some…
Posted on October 26, 2010 at 11:13am 0 Comments 0 Likes
Interest rates reflect the cost to borrower money as charged by the Lender. The higher the interest rate the higher the monthly payment (given the same loan terms). Interest rates in the mortgage market tend to be pretty volatile. That means that the interest rate offered on any given day can vary from the previous day. The reason is that the perception of mortgage lending risk and the market value of mortgage investments is affected by the mood of the financial markets…
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