Interest rates and home prices are in many ways tied together. When rates go down so many times the home prices go up and when rates climb the home prices will go down. That was not the case when we
How To Compute Blended Rate: The real cost of all money borrowed
A person called me today concerned that the Fed Discount, Prime Rate, etc will be rising and is considering a refinance. I computed for him the cost of ALL money that he has borrowed and this is the formula to … Read the rest
We can save $20 Billion by Refinancing
Thanks to the recent decline in mortgage rates, which have since inched up some, the so-called “refinanceable population” has swelled 30% to 6.7 million homeowners.
These are the folks that Black Knight Financial Services singled out as standing to