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  • Jul 10, 2015 Mortgage Rates Zoom to 2017 High
    Alan Bermudez
    No Comments | 1 Likes | 1,769 Views

    The 30-year fixed-rate mortgage surged to its highest average of the year this week, reaching 4.21 percent, Freddie Mac reports in its weekly mortgage market survey. “The 10-year Treasury yield rose about 10 basis points this week,” said Sean Becketti, Freddie Mac’s chief economist. “For the first time in weeks, the 30-year mortgage rate moved

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  • Jul 10, 2015 The Misleading Math Behind the Rent vs. Buy Calculation
    Alan Bermudez
    No Comments | 2 Likes | 1,763 Views

    There’s about $13.1 trillion stashed away in the United States, in plain sight. Where? In our homes! Do we have your attention yet? That’s the total value of the equity held by over 75 million U.S. homeowners, according to the latest estimates from the Federal Reserve Board. And that works out to almost $175,000 per owning

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