Bo's Blog

Mr. Consumer: "Mr. Broker, I have six months left before my ARM adjusts, and I am looking to refinance out of it.  How are the rates?" Joe Broker: "Rates are better than they have been in the past year.  For a rate-term refi. with a 720 mid-score, my best rates are running about 5.625% on a 30 ye...

As Bernake makes the announcement that the Feds are cutting interest rates, a collectively soft sigh of relief can be heard around the country by those depending, in some way, on financing. Whether it is buying or reifying prospects, realtors, or in some cases, mortgage brokers and others in the ...