Currently viewing the tag: "Discount Points"

Comparing a Chicago Mortgage to an Atlanta Mortgage

On February 10, 2011 By

Just a fun comparison for this week’s PMMS results. We’ll call them Chicago mortgage and Atlanta mortgage to make this easy.

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National Mortgage Closing Costs Higher

On June 9, 2010 By

Somewhat surprisingly, the national average for closing costs is going higher while mortgage rate averages are going lower.

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Revised GDP Pounding Chicago Mortgage Rates

On August 27, 2009 By

The revised GDP came in at -1% rather than -1.5%. Initial claims came in slightly higher than expected, 570k actual v 565k estimated.  Interestingly, Q2 Auto Sales came in flat, at 0.0% versus expectations of 0.2%.

Trading is still thin so summers are very volatile.

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Mortgage Rates – August 20

On August 20, 2009 By

Economic Calendar

There are only a few things on tap today.  The Treausry announced that they will be having $109B in auctions next week.  Believe it or not, that’s less than forecast…”only” $109 Billion.

Rates

We were a little concerned [...]

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Selling Pressure Dents Mortgage Rates

On July 30, 2009 By

Rates Up .20%

Context is important. Yesterday’s rates moved about 20 basis points. That means that someone who wanted to buy their rate down to 4.875% would have about .20% more fee. On a $200,000, that’s an additional $400 in cost to purchase that [...]

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