Mortgage rates fluctuate daily – sometimes even multipleĀ Ā times a day.Ā Have you ever wondered where those ratesĀ Ā come from or why?Ā Ā The answer lies on Wall Street – specifically the trading of Ā Mortgage Backed Securities.Ā Mortgage rates are tied to the stock market. When Mortgage Backed Security trading is in high demand rates go down,Ā when trading slows down […]
Tag Archives: buyers
Real Estate Broker Shot Over Earnest Money
Today I had an email from a REALTOR friend who works in another state telling me that an 88 year old man had walked intoĀ a localĀ real estate office and shot the Broker in Charge because he wanted his earnest money back. I have seen many home buyers and home sellers dispute over who should receive […]