One Email Mulligan
Today Colin made the point that everyone should get one email mulligan in their lifetime. I think we all agree that we send one email that we should have never even typed. We either got upset or made statements that probable weren’t exactly the truth and it has come back to haunt use. It is ok though because Colin is giving us one email mulligan for our lifetime. Very interesting take by Cowherd.
Interesting prespective on the future of mortgage rates
Mortgage rate predictions are some of the hardest predictions to make. The variation and flucuation of interst rates is quite amazing, especially in times like this. We have seen rates go from 6.5% to almost under 5% in a span of eight months. The thing that makes predicting the future of mortgage rates is that trends do not seem to tell the story like other markets.
Weekly mortgage rate predictions are even harder as trends seem to be broken every single week making it almost impossible to make week by week predictions. We will see how the folks at Subprime Blogger do at this.
Getting a Mortgage For Bad Credit
The folks over at Subprime Blogger have piqued our interest in interest rates; no pun intended! Many Americans are currently searching for a mortgage for bad credit. This is very tough today as mortgage lenders are getting much more strict then they used to be. They are no longer giving money out ot anyone with a heartbeat. This does not mean that you should get discouraged but please realize that mortgage loans will not be handed out as they once were in the early to mid 2000’s. Ultimately, it would be best to try to clean up your credit before attempting to get a mortgage, but if you MUST get a mortgage in this day and age, do not expect to get anything close to those advertised rates. Expect to get a rate closer to 8% or 9%, if that.
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Mortgage Rates Drop Below 5%?
The folks over at Subprime Blogger have predicted that the Freddie Mac Primary Mortgage Survey will show that 30 Year Fixed Rate Mortgages will drop below 5% this week. Is this really going to happen? How things have changed for this country over the last year! How would have ever predicted that mortgage rates would drop below 5%?!?
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Getting a Mortgage For Bad Credit
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Ball State Ends Season with TWO losses
WOW! Who would have ever predicted that?