Mortgage Prediction: More Red Tape Clients know that I demur when asked where I think interest rates are headed. If Ben Bernanke, Chairman of the Federal Reserve, doesn’t know with a high degree of confidence — what chance does anyone else have? That said, here’s one major development that’s easy to predict: there will be...Read More
“Airline Pricing” Spreads to Mortgages Both Fannie Mae and Freddie Mac say they are tacking on extra fees to counter higher risks and losses associated with certain loan products, buyer equity stakes and credit scores . . . However, real estate agents, mortgage bankers and brokers are incensed at the new round of fee increases,...Read More
