Phil Nash's (philnash) Blog

Home affordability improved again Wednesday after the government reported worse-than-expected results for April's Retail Sales. Mortgage rates edged lower for the third consecutive day. The impetus for the rate rally this week may be a long-awaited stock market correction.  After touching multi-...

Monday, Sept. 22, 2008 Mortgage rates are Up this morning.ADVICE:  Lock for short term closingsMarket looks like we have about a week of higher rates.  The question for long term locks... if you don't lock, will rates return to current prices before time to close?       FNMA 30Yr Mortgage Backed...

Chances are your mortgage interest rate is tied to the Libor. That means that virtually everyone you know also has a mortgage tied to the Libor. When the Libor rate increases...so will your payments on your adjustable rate mortgage. The biggest jump in the London interbank (Libor) lending rate in...