mortgage rates dropped significantly yet again today, adding to an already impressive week of improvementand bringing most lenders into their best territor

Bonds (the financial instruments that underlie interest rates, including mortgages) thrive on this sort of fear and uncertainty.  "Thriving" means more investors are buying bonds as a safer-haven investment, and more bond buying equates to lower rates.

Tomorrow brings significant risk in the form of the big jobs report.  This is one of the pieces of economic data that the Fed watches most closely.  Investors assume that the Fed's upcoming policy changes could be directly affected by any big revelations in this report.  As such, if the numbers are much higher or lower than expected, rates could move quickly.

ALL MORTGAGE / LOAN ADVICE

My Sister and Mortgage Rates

Mortgage Rates

December 6, 2018

My baby sister closed on her house this week. Since she and I are close, she has called me with various updates on the process in the past month or so. Along with area schools, decorating ideas and bedroom sizes, we have also discussed interest rates, monthly payments and FHA loans (she and her husband are first time home buyers).

Despite the fact that rates seem to be going up every time the Federal Reserve meets (they have raised rates 11 times since June of 2004 and have indicated that it’s going to happen again by the end of the year), it’s still a great time (historically speaking, anyway) to be taking the mortgage plunge.

Right now, the average rate for a 30 year fixed mortgage is just over 6%. The Mortgage Bankers Association’s recent long term forecast predicted that it’s going to go from it’s current 6.10% to 6.65% in the fourth quarter of 2006 and up to 6.75% the fourth quarter of 2007. Sounds ominous, right?

Look at the last few decades though. According to an October 2005 article in CNN/Money, the average rate in the 90s was 8.12%, and in the 1980s, it was 12.70%. In October of 1981, interest rates for the average homeowner were a whopping 18.45%! That’s worse than the interest rate on my first department store credit card!

I’m not saying that it’s a great thing that interest rates seem to be swelling every time the Fed meets, I’m only pointing out that it could be (and fairly recently has been

Frogs inspiration

Moral of the story: 

Life is the difference way of getting something in our life.
To get many things in life, you have to change yourself. Life can be broken at any time by a card.Example: 

People’s words can have a huge effect on the lives of others. Therefore, you should think about what you’re going to say before it comes out of your mouth – it might just be the difference between life and death.

Eventually, one of the frogs took heed of what the others were saying and he gave up, jumping even deeper to his death. The other frog continued to jump as hard as he could. Once again, the group of frogs yelled at him to stop the pain and to just die.

He ignored them, and jumped even harder and finally made it out. When he got out, the other frogs said, “Did you not hear us?”

The frog explained to them that he was deaf, and that he thought they were  him the entire time.

https://wofs.com/