What direction do you think interest rates are headed in?
Homeowners have ridden the variable interest rate mortgage ride for all it's worth. The prime rate hit 20% in 1980.  Since then interest rates have been in a long and steady decline.  Along the way, borrowers would refinance their house and take out more cash as the value of the property was rising.  Times have changed just a wee bit.  more…

Guest Post by Bill T. Daniels, Certified Mortgage Coach

The Federal Reserve's purchases of mortgage-backed securities kept interest rates near historic lows for much of last year.  But within a week of the program's expiration, rates for 30-year fixed-rate mortgages jumped from 5.04 percent to 5.31.  Now many analysts are predicting rates will likely rise as high as 6 percent by early next year.  Here are five other housing trends to watch: more…

Guest Post by Jeff Daniels, Branch Manager, Primary Residential Mortgage, Inc.

You don’t have to be in the real estate industry to know we are in a tough market. Government is making changes to compliance in the lending industry that is slowing down the process.  more…