Mortgage Rate Analysis

Here is a quick update about the bond market. It’s now earning season. The earnings are not bad and the banking industry is getting a lift earlier today in the stock market. But the economy needs to create jobs. Bernanke testifies today and tomorrow at Capitol Hill. The stock market tanked after his statement that the economic outlook is “unusually uncertain”. As a result, the...

Does Home Value Affect Your Ability to Refinance?

By Kirk Haverkamp, Published: June 30, 2010 What are your chances of refinancing your mortgage? Is it going to be a struggle if you’ve got a starter home at the lower end of the market? Are banks more willing to work with someone who has a pricey, custom-built home? Not necessarily. On both counts. The price of your home or size of your mortgage really doesn’t have much effect on your ability...