Saturday, April 02, 2005

So, how do I follow mortgage bonds and mortgage rates?

O.K., so you financed with an ARM. Now, constant talk of real estate bubble, crash, and burst has you a little edgy. You want to stay with the lower ARM rate, but you are afraid that housing prices could drop and rates could spike. You've heard that mortgage bonds determine mortgage rates, but you have no idea what that means. Is there anything you can do? Become a mortgage loan originator. Don't know how? Google that keyword combination. Or, check out this tool offered to mortgage originators. There is information out there that you can use to protect your asset.

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