Archive for November, 2008
The Refinance Boom that is here – and Reserve a Rate Program
Steve Knox
December 1st, 2008
Question: Columbia Funding Mortgage predicted the historically low interest rates that surprised consumers on Tuesday, November 25th. On what did you base this prediction?
Steve: We closely monitor mortgage backed securities and the release of key economic reports to provide our clients with credible information about the trends in the mortgage market.
Question: In [...]
Posted: November 28th, 2008
Tags: "reserve-a-Rate" Program, Refinance Boom
Why Use a Broker instead of a Bank for your home loan?
Steve Knox
Did you know that banks send us rate sheets that have lower (wholesale) rates than their own retail rates? Why? Since they are competing for us to direct the loan to their bank lines – and because they are not paying the broker a salary and benefits – they still make a fair profit [...]
Posted: November 4th, 2008