Scott Wilkerson's (mortgagephd) Blog

The 11 Laws of Bear Market Success will guide us every step of the way: I. We'll protect our capital. II. We'll use common sense; avoid things that are most vulnerable in this crisis. III. We will NOT count on the government to turn the economy around or save sinking investments. IV. We will inve...

As we all know, mortgage interest rates in the high 4's and low 5% range with a 30 year amortization are not guaranteed by the Constitution as an inalienable right of every borrower. It appears that rates have bottomed out and are now experiencing a bit of upward pressure. I do not see rates goin...

  The Fed continues to be a formidable presence in the mortgage market - aggressively buying mortgage-backed securities and Treasury debt obligations in support of steady to fractionally lower mortgage interest rates.  The Fed has set a goal to buy up to $1.25 trillion of agency-eligible mortgage...

May 14 (Bloomberg) -- The U.S. Federal Reserve may revise rules that currently favor Moody's Investors Service, Standard & Poor's and Fitch Ratings, Fed Chairman Ben S. Bernanke said in a letter released today by Connecticut Attorney General Richard Blumenthal. The Fed is "conducting a broad revi...

No Points No Closing Costs or Zero Points Zero Points Zero Closing Costs Loans are loans that were designed to be marketed and sold. The marketing concept goes something like this: "No Points! No Closing Costs! No Hassles!". Ads for Zero-Zero loans can be found all through the Internet and the S...

Mortgage rates are very volatile from a thousandth of a point up to a 1/2 a point in one day. So how does the average homeowner know when it is the right time to refinance? Please read the following to help you decide for yourself if it is the right time to refinance: If rates are 1/2 point lower...