Tag

bank overhead

When .3 Looms Large

1.5 Story vs. 1.2 StoryWhen is .30 huge? When it’s the difference between a home that is 1 1/2 stories and 1.2 stories (and no, it’s not kosher — or mathematically accurate — to round up to 1.5 from 1.2). A home that is a legitimate 1 1/2 story can have an upper level that...
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Is 4.25% the Floor?

Cutting to the Bone Can 30-year mortgage rates — now quoted at a previously unheard of 4.25% — go much lower? Regardless of what the economy (or Fed) does from here, it may be hard for rates to decline much more, simply because banks’ overhead to originate and service mortgages is about that much (or...
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