Rates are flat today. With some good news coming out of Europe we have seen some pull back from the buying of US bonds. Today’s comparison mortgage rates with no lender fees are 4.5% on a 30 year, 3.625% on a 15 year and 3% on a 5/1 ARM. (click here for details).


I want to thank you for making this Rates in Motion project a success. Since it’s a free service and I have no sponsors, I get paid in Twitter retweets, Facebook Likes, blog comments, and emails I you send. It’s not worth it if no one uses it and you are definitely making it all worth it while helping me change the way people shop for mortgages forever.

Thank you!

To thank everyone for their help, I’m going to set aside some time today and tomorrow to help any viewers that want to dispute their appraisal or are having trouble deciding if they should refinance or not because of appraisal issues. I now have access to a professional grade home price value estimation system that normally costs $35/report (not Zillow or other online calculator) and I’m going to give it away to the first 100 viewers that request it.

Find out how in today’s episode:

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(Watch it on your mobile phone or email reader here)


It looks like Wells Fargo took one to the chin just recently. They were fined 85 Million and ordered to pay out 108 Million in a settlement over mortgage abuse!

That’s a lot of coin my friends. Don’t feel bad for them though, they still managed to report a 3.9 Billion dollar net profit in the second quarter this year. Looks like Wells Fargo isn’t feeling the housing woes of today’s market. You may just be eligible for a piece of the 108 Million settlement if you had a mortgage with Wells Fargo, so click here to read the full story.

I like to answer questions that you guys send in via email or my social media sites. I have gotten a bunch of questions this week about appraisal values. The majority of the comments have to do with not wanting to pay for an appraisal upfront because you don’t know what your house is worth in todays market OR you are looking to dispute the value on the appraisal you just had done.

Here is my offer today and tomorrow. If you send me your name and address via email (Mike(at)RatesinMotion.com), I will send you back an estimated value report for free! These reports are $35 a piece usually. Nope, I am not using Zillow or any online website…this is a professional grade tool. I hope this helps some of you decide if you should move forward with your refinance or purchase. This report is a great reference to see if you appraisal is accurate as well. In order to get the best deal on your mortgage you need to get it closed. Hopefully this resource will help.

Also, if you get a chance, I would love it if you could help me in my dream to bring transparency to mortgage lending by sharing today’s episode on Facebook or Twitter. Let’s change the way people shop for a mortgage…forever!

See you tomorrow!

– Mike

PS. To ask a question, get advice, or find out if you’re getting the best deal possible on your loan, just post a comment below. Daily comparison rates, calculators, and other cool features are available in the free Rates in Motion LoanApp by going to your smart phone and clicking on this link, activation code is 9203780002

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