Did you know you could get an adjustable rate mortgage through the FHA-insured loan program? ARMs are a dirty word in the media today. As millions of homeowners have their ARM rates adjusted, the press peddles fear, causing new home buyers to overpay on the FHA home loans.Let's look at my favo
...
08/26/2008
Did you know you could get an adjustable rate mortgage through the FHA-insured loan program? ARMs are a dirty word in the media today. As millions of homeowners have their ARM rates adjusted, the press peddles fear, causing new home buyers to overpay on the FHA home loans.Let's look at my favo
...
08/26/2008
Mortgage rates were stable this week. ARM rates went up and the fixed rate mortgage rates are the same as they were Monday. I mentioned that traders felt "stuck in the middle" of conflicting data. Core inflation is rising but oil prices are falling like a rock off a cliff. I'm as confused as
...
08/15/2008
I’m a salesman and have been since I hawked peanuts on the Ocean City boardwalk. I’m addicted to “the pitch”. I love writing them, watching them, and critiquing them. Many people get upset when a “trainer” comes on to give an educational talk and finishes with an offer to buy books, tapes, coa
...
08/14/2008
Here's Greg Swann, introducing new BHB contributor, Jessica Horton: What do you do when you’re selling a thick slice of a billion dollars’ worth of real estate every year, when you’ve built your own RE/Max franchise from scratch, when you’ve hit the “30 Under 30″ target at Realtor magazine? Start
...
08/12/2008
Mitch Ribak spoke to the Barrys on Real Estate Radio USA last Friday. Mitch started as an agent in 2001, opened Tropical Realty in 2005, and has grown his business to close 180 transactions, during the first six months of 2008, in a down real estate market. Mitch looks for newer real estate age
...
08/11/2008
America's #1 Mortgage Rates for August 1, 2008. Loan amounts up to $417,000: 3/1 ARM 5.500% 5/1 ARM 5.750% 7/1 ARM 5.875% 10/1 ARM 6.250% 30 Yr Fixed 6.375% All rates offered to the borrower with 1 point cost. Rate quotes assume a purch
...
08/11/2008
I’ve learned to trust Fed Chairman, Ben Bernanke’s judgement. An astute student of Milton Friedman’s study of The Fed’s role in the Great Depression, Bernanke has taken considerable action to preserve a healthy banking system. Free market enthusiasts would argue that his intervention is artific
...
08/06/2008
Mortgage rates for August 1, 2008. Loan amounts up to $417,000: 3/1 ARM 5.500% 5/1 ARM 5.625% 7/1 ARM 6.125% 10/1 ARM 6.250% 30 Yr Fixed 6.250% All rates offered to the borrower with 1 point cost. Rate quotes assume a purchase transact
...
08/01/2008
Jonathan Washburn and Bob Stewart were my guests on a 45 minute interview about the new Localism.com: Bob Stewart gave us an overview of the new Localism site and described its stated purpose. Jon Washburn explained the history of the Localism portal and how polling the Active Rain community led
...
07/30/2008