Are Inland Empire Home Loan Rates Increasing?
February 11, 2011 by Mark Estermyer · Leave a Comment
After more than 8 days of negative or no movement by mortgage backed securities, Inland Empire home buyers may have gotten a reprieve from the sliding away interest rates. This morning, MBS opened with some positive movement. At the end of another volatile day yesterday, mortgage rates finished at levels close to April 2010. Home loan [...]
Bernanke Addresses Unemployment and the Economy on 60 Minutes
December 6, 2010 by Mark Estermyer · Leave a Comment
Is Inflation Knocking on Our Door? Bernanke Says NO!!! Ben Bernanke granted CBS and 60 Minutes a rare interview that may shed some light on the direction of the FOMC plan on how best to use the 600 million they have committed to QE2. Even though this interview appeared to be more of a justification for [...]
QE2: Lower Rates Coming to Inland Empire Borrowers?
November 8, 2010 by Mark Estermyer · Leave a Comment
With so much emphasis on the housing market in the Inland Empire; which some people believe is the catalyst for any kind of economic recovery for the area, the FOMC November meeting could impact the purchasing power of potential home buyers. The Federal Reserve in the statement released after its November meeting, announced that it [...]
Top Five Market Factors That Influence Mortgage Rates
March 28, 2010 by Mark Estermyer · Leave a Comment
Timing the market for the best possible opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for the professionals. While there are several generic interest rate trend indicators online, the difference between what’s advertised and actually attainable can be influenced at any given moment by at least 50 different [...]
What’s The Difference Between Interest Rate and Annual Percentage Rate (APR)?
March 28, 2010 by Mark Estermyer · Leave a Comment
The difference between APR and actual note rate is very confusing, especially for First-Time Home Buyers who haven’t been through the entire closing process before. When shopping for a new mortgage loan, you may notice an Annual Percentage Rate (APR) advertised next to the note rate. The inclusion of an APR is actually mandated by [...]
How Are Inland Empire Mortgage Rates Determined?
March 28, 2010 by Mark Estermyer · Leave a Comment
Many people believe that interest rates are simply set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market. The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders, etc. and then either hold them for their earnings, or [...]
How Do Mortgage Rates Move When The Fed Lowers Rates?
March 28, 2010 by Mark Estermyer · Leave a Comment
Lower mortgage rates is a common misconception that is perpetuated by the mainstream media when the Fed makes an announcement of lowering rates. However, when the Fed cuts interest rates, mortgage rates can actually increase. Fed 101: According to Wikipedia: The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) [...]
8 Questions Your Lender Should Answer About Mortgage Rates
January 1, 2010 by Mark Estermyer · Leave a Comment
There are so many resources in the Riverside/San Bernardino/Ontario area, just simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication, service and education all day long, but it’s our [...]
