Posts discussing PMMS

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16Dec2011
Author
Dan Green
Filed Under
Mortgage Rates
Revealing The Trick : Why Mortgage Rates Didn’t Actually “Fall” To 3.94%. Thumbnail

Revealing The Trick : Why Mortgage Rates Didn’t Actually “Fall” To 3.94%.

Freddie Mac says mortgage rates fell to 3.94% this week. But, because closing costs increased at the same time, it would take a homeowner *3 years* to break-even on these new, "lower" rates. It's a sleight-of-hand trick pulled by the banks on the American people.

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14Nov2011
Author
Dan Green
Filed Under
Mortgage Strategy
Mortgage Interest Costs Drop 21%; Refinance Without Having To “Start Over” For 30 Years Thumbnail

Mortgage Interest Costs Drop 21%; Refinance Without Having To “Start Over” For 30 Years

Today's refinancing homeowners can lower long-term mortgage costs by one-fifth -- enough to pay for a college education, in some cases.

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07Oct2011
Author
Dan Green
Filed Under
Mortgage Rates
Rates Below 4.000 Percent? No, Not Really, But Payments Have Plunged. Thumbnail

Rates Below 4.000 Percent? No, Not Really, But Payments Have Plunged.

Conforming mortgage rates went sub-4% this week? Well, that's not 100% true. Lender sleight-of-hand is making rates *appear* lower. But payments are way down.

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23Sep2011
Author
Dan Green
Filed Under
Mortgage Rates
Mortgage Rates Are Lower Than Freddie Mac Is Reporting Thumbnail

Mortgage Rates Are Lower Than Freddie Mac Is Reporting

Freddie Mac reports the 30-year fixed at 4.09% this week. Freddie Mac is wrong. Mortgage rates are lower.

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22Aug2011
Author
Dan Green
Filed Under
Mortgage Strategy
Refinance Your Mortgage Without “Starting Over” At 30 Years Thumbnail

Refinance Your Mortgage Without “Starting Over” At 30 Years

You'll pay 18% less mortgage interest at today's mortgage rates as compared to April. No matter when you bought your home, it's time to call a lender.

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03Jan2011
Author
Dan Green
Filed Under
Mortgage Rates
The Mortgage Rate Roller Coaster : Take A Dizzying Ride Through 2010 Thumbnail

The Mortgage Rate Roller Coaster : Take A Dizzying Ride Through 2010

Leave your metaphors at home. Take a front-row seat on an actual 2010 Mortgage Rate Roller Coaster, mapped to scale 100%. Just be sure to strap yourself down.

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12Oct2010
Author
Dan Green
Filed Under
Mortgage Strategy
In Charts : The Falling, Long-Term Cost Of A 30-Year Fixed Rate Mortgage Thumbnail

In Charts : The Falling, Long-Term Cost Of A 30-Year Fixed Rate Mortgage

As compared to the day *after* the expiration of the $8,000 home buyer tax credit, today's cost of carrying a 30-year fixed rate mortgage to term is lower by $51,000. Mortgage rates are on a 6-month rally.

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22Jun2009
Author
Dan Green
Filed Under
Mortgage Rates
The Untimely Timing Of The Freddie Mac Primary Mortgage Market Survey Thumbnail

The Untimely Timing Of The Freddie Mac Primary Mortgage Market Survey

To a consumer, one of the most difficult facets of shopping for a mortgage is figuring out just what mortgage rates are doing at any given time. Despite countless websites and blogs devoted to the topic of mortgage, the most important part of a person's research -- the darn price -- can't be found hardly anywhere online. It's a horrifying revelation for people vis-à-vis the way we've all been trained to use the internet. We're taught to use the internet to eliminate information asymmetry; to know the price before we ever show up at the store. That way, we can negotiate the best possible deals for ourselves. Except it doesn't work like that for mortgages.

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14Jan2009
Author
Dan Green
Filed Under
Mortgage Rates
Mortgage Rates Falling Are Half The Story. What About The Mortgage Fees That Go With Them? Thumbnail

Mortgage Rates Falling Are Half The Story. What About The Mortgage Fees That Go With Them?

It's too bad for Americans that the press over-simplifies the Freddie Mac survey. the survey gives two pieces of information -- (1) mortgage rates, and (2) mortgage fees -- but the press only reports on one of them -- rates.

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