What the blue blazes does this mean?

A long time ago – make that a very long time ago – I had a German master at school whose favourite expression was “what the blue blazes do you think you are doing, boy?”, at some impropriety.

Well, in a different field, I read the following comment on the housing market. My question is: “what the blue blazes are you saying about the housing market” Because I have no idea. (more…)

Mortgage rates “will reach 4.5% by year end”

In a report this week the Mortgage Bankers Association stated: “Our forecast has mortgage rates increasing to about 4.5% by the end of 2015, and rising further next year.” Click here to read the full forecast.

Mortgage rates do fluctuate and vary from lender to lender. For example, despite the headlines, it was possible to find quotes at the end of this week for 30 year jumbo mortgages under 4%, while both 15 year FRMs and 5/1 ARMs  were available at 3 1/8%. (more…)