I heard it again today after quoting a mortgage interest rate in the lowest 5’s with no discount points “We heard the government is going to offer rates at 4% and we think we’ll just wait”. (Okay, at your own peril.)
* A. The government does not set mortgage rates – at least not until the [...]

Over the last four to six weeks I have had many callers to my office asking if I thought rates would go lower. “No”, I always reply, in fact I do not see how they can.? Mortgage rates are not set by the government. In fact they are barely even influenced by the government. That [...]

Everyone loves this answer, “Yes … and no.”
Truly if it were simple enough to say “yes” then we would be living in a fully Marxist economy – which is where many high powered elected “officials” want us to go. That’s not a political belief it is a statement of fact. However, in switching from pundit [...]

With mortgage interest rates on Georgia home loans and Florida home? loans being lower than in recent history many home owners are wondering if they should or even can refinance now. As with anything else it is important to know the goal of refinancing. If your goal is to lower monthly payments by refinancing to [...]