Ed's Blog

Just when you least expected it, mortgage rates did a U-turn last week. After months of falling to even lower than low, they took a bump up. Ouch!

I say unexpected because most people, including the whole spectrum from financial pundits to lay people, were saying that the new Fed easing-QE2-was sure to lower mortgage interest rates even more.

Not so fast said the bond market! Too much of a good thing. (Grrrrr. Bond traders hate good things!) In a matter of days, most (but not all) mortgage rates rose by about ¼%. Double ouch!

But there is good news. Rates remain incredibly low. (In the mid-threes to mid-fours for conforming loans.)

Don't miss out on a great deal just because you missed the absolute rock bottom. Get your refinance going today! Many of you could still save $100 to $600 a month (or more). Not a bad pay raise when you think about it.

Whatever happens, we’ll get you positioned to get a great rate so you can start saving money each month in the years ahead.

And who knows, rates could even take a dip again.

Hope you have a wonderful and relaxing Thanksgiving!