The attached chart of the rate spread between the 30 year fixed rate mortgage and the 10 year treasury note is a prefect visual and mathematic illustration on how today’s low mortgage rates are still high relative to where they should be historically, given other economic considerations. I’ve ... » Learn More about Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
credit scores
Free Credit Reports Every Week Now From All Three Agencies
Generally the population can access a free credit report once per year from each of the three main credit reporting agencies: Equifax, Experian and TransUnion. But now according to the companies, they are making free weekly credit reports available to help people “protect their financial health ... » Learn More about Free Credit Reports Every Week Now From All Three Agencies
TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
I've been saying it for years when I give credit seminars, I recommend that everyone pulls their own credit from the credit bureaus once a year to verify the accuracy of the information in the system, but ignore the credit scores they supply. I've been calling those scores "toys". Now the ... » Learn More about TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
A Graphical Breakdown on a Credit Score
Unfortunately 74% of college students don't know their credit score. Everybody as a minimum should be checking their credit report at least once a year, especially before a major purchase. Here is a graphical breakdown on credit scoring. If you are in the Los Angeles region, have any questions ... » Learn More about A Graphical Breakdown on a Credit Score
How a Credit Score Affects a Mortgage and How to Improve your Score
The old 680 is today's 740... Income is one of the parameters used to qualify for a mortgage, but the rate and loan to value will be determining factors what your interest rate will be. I'll be conducting another workshop this Saturday May 16 for the Economic and Financial Education Council on how ... » Learn More about How a Credit Score Affects a Mortgage and How to Improve your Score