Bond Market Report

April 21st, 2019
bond market report

 

The 10 Year Treasury Bond is at 2.56% as of last Friday. This is about the same as the last time I posted 10 Year Treasury Bond data in early January.

On 01-03-2019 the 10 Year Treasury Bond was 2.55%.

The direction of the 10 Year Treasury Bond is a good gauge on where mortgage rates are going. While it is not an exact measure, the 10 Year Treasury Bond is one of the best things to follow to determine the general direction of mortgage rates. So the above means interest rates are about the same now as they were early in the year.

And below are some interesting historical numbers*:

In 2018 the average yield of the 10 Year Treasury Bond was 2.91%.

In 2017 the average yield of the 10 Year Treasury Bond was 2.33%.

In 2007 the average yield of the 10 Year Treasury Bond was 4.63%.

In 1997 the average yield of the 10 Year Treasury Bond was 6.35%.

In 1987 the average yield of the 10 Year Treasury Bond was 7.18%.

In 1977 the average yield of the 10 Year Treasury Bond was 7.42%.

Where are the 10 Year Treasury Bond, and more importantly mortgage rates, headed next? Check back here to see!

 

*The source for these numbers comes from: https://www.macrotrends.net/2016/10-year-treasury-bond-rate-yield-chart

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Top DC Lenders

March 25th, 2019

The Washingtonian magazine compiled a list of the most referred lenders in the Washington DC metro area. These names were referred by local realtors and Washingtonian subscribers. Below is the article and list of the most referred lenders in the entire Washington DC area.

The Washingtonian compiled a list of the most referred lenders in the Washington DC metro area. These names were drawn from lenders referred by local realtors and Washingtonian subscribers. Below is the article and that list of most referred lenders in the area.
The Washingtonian compiled a list of the most referred lenders in the Washington DC metro area. These names were drawn from lenders referred by local realtors and Washingtonian subscribers. Below is the article and that list of most referred lenders in the area.
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When Is A Mortgage Approval An Approval?

March 24th, 2019
approved

When is an approval really an approval? When is an approval only a conditional approval? Below are the different levels of “loan approval” you can get for a mortgage:

1. Pre-Qualification:

This is done before you make an offer on a home. This is only a loan officer analysis, and supporting financial documents are not required. This is a review of the applicant’s income and debts using standard methods of determining housing and debt ratios to indicate the maximum loan amount for which an applicant would qualify, subject to the satisfactory appraisal, further verifications of income, employment and credit history.  This is the lowest form of analysis you can have done.

Read the rest of this entry »
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Why get a home inspection and who pays for it?

February 6th, 2019

A home inspection protects the buyer. It’s meant to uncover potentially serious issues with the home so that you understand what you’re buying.

In a competitive market, some buyers walk through the home with an inspector before making an offer on the home. This gives them the confidence to formally waive the inspection contingency when they make their offer, possibly putting their offer in a stronger position to be accepted.  However, a home inspection may identify the need for major repairs or builder oversights and minimize unpleasant surprises or unexpected difficulties. Read the rest of this entry »

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Bond Market Report

January 4th, 2019
bond market report

 

I am going to post numbers on the 10 Year Treasury Bond on a regular basis. The direction of the 10 Year Treasury Bond is a good gauge on where mortgage rates are going. While it is not an exact measure, the 10 Year Treasury Bond is one of the best things to follow to determine the general direction of mortgage rates.

 

As of 01-03-2019 the 10 Year Treasury Bond was 2.55%.

 

Below are some interesting numbers*:

In 2018 the average yield of the 10 Year Treasury Bond was 2.91%.

In 2017 the average yield of the 10 Year Treasury Bond was 2.33%. Read the rest of this entry »

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Prepayment Versus Recast

October 15th, 2018
Mortgage prepayment versus recast

When you divvy up your monthly budget pie, housing is very likely the biggest slice, especially after you add in utilities, maintenance and of course, your mortgage.  

So wouldn’t it be great if you could lower your mortgage payments without refinancing your loan? Or better yet, pay off your mortgage ahead of schedule? Read the rest of this entry »

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How Being an Authorized User on a Credit Card can Help or Hurt You

October 1st, 2018
How being an authorized user can help or hurt you

For most people, your ability to get approved for a mortgage, and the terms you’re offered, depends on your credit report and your history of managing debt responsibly.

Under some circumstances, your credit score can be affected by loans you’re not even responsible for paying.  Read the rest of this entry »

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