If you’re planning to buy a new home, there are a few things you can do to save yourself a bundle of money before even walking into your first open house. By positioning yourself to get the lowest interest rate on your home loan, you can save thousands of dollars over the life of the mortgage. We show you how to do it.
Posts Tagged ‘adjustable rate mortgage’
3 Ways to Lower Your Mortgage Rate
March 3, 2011What the Heck Is the Fed Funds Rate and Why Should I Care?
September 23, 2009The Federal Open Market Committee (FOMC) – a bunch of smarty-pants from the Federal Reserve Board and Federal Reserve Bank – meet eight times a year to talk about money issues, one of them being the federal, or “fed,” funds rate. The fed funds rate is the rate at which banks lend money to one [...]
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
Quicken Loans & Quizzle Chairman Dan Gilbert’s Proposal To Fix The Housing Crisis – A Solution That Works!
October 6, 2008Got something big to tell you all about. HUGE. Ginormous – and yes, that is a real word. The video is on CNBC. It’s in the newspapers. And I mean, really….that’s just how Quizzle blog rolls. Ginormously. Back to the news. Told y’all about the bailout bill last week, right? Well, it finally passed. But [...]
Take a Ride on the FHA Express!
June 16, 2008By: Greg Lundgren Greg Lundgren is a Home Loan Expert with Quicken Loans and brings more than six years of mortgage experience to share with you on the Quizzle Blog. Greg specializes in FHA financing and enjoys helping people get into the right mortgage for their unique circumstances. The Federal Housing Administration (FHA) has been helping people become [...]
So the Fed Cut Rates… What Does This Mean?
December 11, 2007The Federal Reserve — aka “the Fed” — lowered the Fed funds rate today by 1/4 point to 4.25 percent. Great, but what does that really mean?
