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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Wrap Loans Aka Wrap-arounds (revisited)
Wrap Loans aka Wrap-Arounds (revisited)
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AND: Home loan demand is lowest this year, despite drop in mortgage rates, from the USA TODAY, reports that mortgage applications dropped more than 5% last week, hitting their lowest level this year, even as interest rates fell, the Mortgage Bankers Association said Wednesday. Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.19%, down 0.05 percentage point from the previous week. That was slightly below the year-ago average of 6.22%. The MBA's seasonally adjusted purchase index fell 4.8% to 381.4, lowest since the week ended Oct. 27, 2006, when it stood at 375.6. The index was also below its year-ago level of 408.7. The purchase index is considered a timely gauge of U.S. home sales. Fixed 15-year mortgage rates averaged 5.88% in the most recent week, down from 5.94% the week before. Rates on one-year adjustable-rate mortgages, or ARMs, increased to an average 5.81% from 5.80%.
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Why I traded the stock ME today. I had it on my list fr [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
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