Refinance?

Written by Marie DeCaprio MBA, CFA, CFP® | 23 August 2010

Lately, I have been answering this question for many people: rates are so low, does it make sense to refinance?  Yes rates are once again at all time lows.  30 year fixed is at 4.25%, 20 year fixed at 3.875% and 15 year fixed is at 3.75% (all rates are approximate and dependent on your credit score).  In my analysis, I take all things into consideration but in particular how much time is left to pay on the current mortgage and what are the closing costs are the most important criteria.  Every person's situation is different---if you are wondering if it makes sense to refinance your mortgage...give me a call.

Market recap for July

Written by Marie DeCaprio MBA, CFA, CFP® | 05 August 2010

I realized I neglected to post June market results which is just as well since the market was down all of the second quarter then proceeded to have a good month of July.  So I spared you the bad news and can now talk about good news, which is just how I like it!  Just kidding.  But seriously, I have been watching markets for 22 years now and I don't ever recall the wild swings we have been seeing on a daily basis for the past few months.  If you are watching your portfolio frequently (something I do not condone) you know exactly what I am talking about.

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