Rates are down today. Bonds are up 78 basis points (0.78%) due to unemployment numbers going up to 9.2%. The market continues to improve (rates move downward) based on this, so I suggest floating for now. 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).


Every Friday I’ll take a moment to suggest key people you should follow on Twitter and Facebook as part of our new “Follow Friday” segment. Today, Katie Lance and Chris Smith would be perfect to follow since they’ll be announcing a major top secret real estate project on Monday. I’m excited!

It’s called Inman Next and if it’s anything like Agent Reboot, another Inman News creation, then this is guaranteed to be something great!

You won’t want to miss the big announcement on Monday, so follow these three on Twitter and Facebook:

It’s casual Friday and I want to talk about something other than just mortgages. I dive into the topic of selling your home and why it’s smart to use someone to help you do it. I think the reasoning is similar to why you don’t fix your own car to save money. Some things are best done by professionals.

I explain more in today’s episode:

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


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

See you tomorrow!

– Mike

PS. To ask a question, get advice, or find out what your lender is making off 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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