The Chicago 77

17 December 2010 – This week in mortgage interest rates could have been worse. While we started with another upward climb, rates for Fannie Mae and Freddie Mac mortgages retreated a bit by Thursday. Based on the extreme pain of the last 30 or so days, this was jump up and kick your heels together [...]

This week was bad for rates, really bad. If you are not in the industry, it is impossible to describe what happens when you see rate increases like we saw this week, so I will once again defer to history to illustrate what occurred. “It’s fire and it’s crashing! It’s crashing terrible! Oh, my! Get [...]

3 December 2010 – This week, I do believe that a little levity is in order. So, without further ado: A large passenger train was crossing the country. After they had gone some distance, one of the two engines broke down. “No problem,” the engineer thought and carried on at half power. Farther on down [...]