Is Refinancing Worth It?

With mortgage rates at or near record lows, a lot of existing homeowners are probably asking themselves, “Is refinancing worth it?” The problem is there’s no absolute right or wrong answer to this question, though with interest rates a lot lower than they were a year or two ago, the answer to this question will [&hellip

The post Is Refinancing Worth It? first appeared on The Truth About Mortgage.

Mortgage Rates vs. a Potential War with Iran

Well, it’s a new year and it certainly didn’t begin quietly. Might as well address the elephant in the room when it comes to your mortgage. This isn’t the first time I’ve discussed the possibility of war and its impact on mortgage rates, with the last discussion centered on the Syrian conflict back in 2013. [&hellip

The post Mortgage Rates vs. a Potential War with Iran first appeared on The Truth About Mortgage.

An Alternative to Paying Mortgage Points

If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. That’s because mortgage points, at least the ones that [&hellip

The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.

Watch Out for Low Mortgage Rates You Have to Pay For

Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the “how low can we appear to go” game. For example, mortgage lenders may be talking about their lowest rates (with multiple points required), as opposed to offering [&hellip

The post Watch Out for Low Mortgage Rates You Have to Pay For first appeared on The Truth About Mortgage.

How I Travel Full-Time By RV And Boat With My 2 Dogs

Traveling with a dog is a lot of fun, but there are some important things to consider so you and your pet are prepared.  Sometimes people think we are crazy for bringing our dogs on our adventures, but I wouldn’t have it any other way. For us, it’s like bringing your kids along, haha!  Since […]

The post How I Travel Full-Time By RV And Boat With My 2 Dogs appeared first on Making Sense Of Cents.

Unplanned Road Trip Planning As A Freelancer With Dogs Part 2

Hello! Today, I am publishing Part 2 to my post from yesterday Unplanned Road Trip Planning. As a recap, we left our house on Wednesday and we are not sure when we will be going back. This will probably be a 10 to 14 day road trip. This is nothing crazy, but it is more than what […]

The post Unplanned Road Trip Planning As A Freelancer With Dogs Part 2 appeared first on Making Sense Of Cents.

Rates Rising Quickly, But The Truly Scary Stuff is For Another Day And Another Reason

Posted To: Mortgage Rate Watch

Mortgage rates went to bed last night knowing they were at risk of a volatile day today. Georgia’s senate race has been in focus for 2 months now because it had the chance to change the balance of power in congress. With both seats flipping from red to blue, that’s exactly what happened today. While the election results have only been confirmed for about an hour, the bond market (which underlies interest rate movement) was already bracing for impact in the middle of the night. Specifically, bond yields (aka “rates”) were already quite a bit higher by the time the election was finalized this afternoon. When the bond market deteriorates (aka, moves lower in price and higher in yield), mortgage rates are typically rising at a similar pace. Does the mortgage market r eally care that much about…(read more)

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