Archive | July 2014

NEW Study just out by Zillow

How much can a broker save you on a mortgage? According to Zillow, between a quarter and half a percentage point. That may not sound like a big deal, but borrow $300,000 at 5 percent, and you’ll pay a total of about $280,000 in interest over 30 years. Raise the rate by half a percentage point to 5.5, however, and your total interest bill rises to $313,000. That’s $33,000 more

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This weeks economic calendar 7/7/14

This Week’s Economic Releases
Wed
7:00 AM
MBA Mortgage Applications
10:30 AM
EIA Petroleum Status Report
2:00 PM
FOMC Minutes
Thur
8:30 AM
Jobless Claims
10:00 AM
Wholesale Trade
Fri
2:00 PM
Treasury Budget