Bankrate surveys mortgage experts each week to find out which direction they think rates will go over the next 30-45 days. Last week 50% of them saw mortgage rates going up and 50% saw mortgage rates staying the same. This week we see three different directions experts think mortgage rates could go, 50% think rates […]

Here are a few links regarding credit and credit scoring information:

5 steps for improving your credit rating [Bankrate]
12 things you never knew about your credit report [Bankrate]

New scoring tools empower credit weaklings [Bankrate]

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You often times hear real estate agents offer free CMA’s (Comparative Market Analysis). What exactly is a CMA and how is it different from an appraisal? A CMA is something that a real estate agent uses to determine the price that the market will allow you to sell you home. An agent will compare recent […]

Here’s the latest numbers on interest rates for the week of November 14th - November 20th. This national survey was performed by Bankrate.com on Wednesday, November 16th.

Mortgages - 6.42% (30 Year Fixed)
Home Equity Lines - 7.05%
Auto Loans - 8.08% (48 Month - New Car)
CD - 3.19% (One Year Yield)
Credit Card - 12.97% (Standard Fixed)

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Bankrate surveys mortgage experts each week to find out which direction they think rates will go over the next 30-45 days. Last week 50% of them saw mortgage rates going up and 50% saw mortgage rates dropping. This week 50% think rates will increase and 50% think rates will stay the same. This is the […]

The typical slow down that we see during the holiday period isn’t quite as slow as normal. The reason for this is rising mortgage rates. Even though rates on both fixed rate and adjustable mortgages are going up, they still remain pretty low by historical standards. We’ve become spoiled over the past 12-18 months […]

Some of you may be asking why am I writing an article about home selling on a website titled House Hunting 101. Well, read on, you’ll see. For those of you who don’t know, there is an internal revenue code which allows homeowners to be exempt from paying taxes on the proceeds of a home […]

Bankrate surveys mortgage experts each week to find out which direction they think rates will go over the next 30-45 days. Last week 75% of them saw mortgage rates going up. This week 50% think rates will increase and 50% think rates will decrease.
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Here’s the latest numbers on interest rates for the week of November 7th - November 13th. This national survey was performed by Bankrate.com on Wednesday, November 9th.

Mortgages - 6.42% (30 Year Fixed)
Home Equity Lines - 7.04%
Auto Loans - 8.08% (48 Month - New Car)
CD - 3.15% (One Year Yield)
Credit Card - 12.97% (Standard Fixed)

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You hear these questions all of the time when you begin your house hunting mission. Are you pre qualified? Are you pre approved? The first thing you should know is the difference between pre qualification and pre approval. When it comes down to the real estate transaction, pre qualification means next to nothing. I won’t […]