Tag Archives: rates

What do Rate Cuts Mean to Buyers and Sellers

The Federal Reserve (“the Fed”) cut key interest rates another half of a percent today. I’ve had quite a few buyers and homeowners ask me if that means mortgage rates will drop some more. The answer is a resounding “It … Continue reading

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Choosing a Lender, Part 1

Buyers tend to focus on interest rates to the exclusion of all else. They’ll carefully shop rates looking for an eighth of a point off here and a quarter off there and not pay any heed to the lender’s reputation. … Continue reading

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Choosing a Lender, Part 2

Just remembered another thing about choosing a lender… A loan officer may promise you a below market rate and points in order to win your business. You may even feel very virtuous about your success in beating the poor guy … Continue reading

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Below Market Interest Rates

For those of us who remember 17% interest rates, today’s interest rates still seem like a bargain. That’s little comfort for buyers who have watched rates climb steadily for the past three weeks. However, the State of Maryland has a … Continue reading

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