Factors That Influence Mortgage Rates
It’s a popular belief today that the U.S. Government directly controls mortgage rates by simply raising and lowering them at will. In reality, it’s a lot more complicated. Read More
Is Subprime Making a Comeback?
Since the housing crisis of 2008, the phrase “subprime loan” has become the moral equivalent of a four-letter word, an indication of all that goes wrong when risky, irresponsible home loans for bad credit become commonplace. Read More
The Federal Reserve System: Structure and Purpose
The Federal Reserve System is the central banking system of the United States and was created in 1913 with the enactment of the Federal Reserve Act. Over the past century, its roles and duties have expanded. Read More
How Mortgage Amortization Works
One of the most frustrating aspects of paying down a mortgage is watching the principal owed fall at a slow rate. Read More
How Do Mortgage Rates Work?
There is a common misconception about mortgage interest rates and how rates are determined. It’s common for many people to mistakenly think The Federal Reserve sets mortgage interest rates. Read More
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