Fishing Mortgage Man
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For All Your Mortgage Needs
We guarantee to meet or beat your best rate or give you $100! The rate must be for the same loan product and compared on the same day.
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Tackle Tips
Fishing for Winter Flounder - Fishing for winter flounder doesn't require any fancy gear. Almost any rod and reel combo in your arsenal will work as long as you don't go too heavy. I like to fish as light as possible for these flatties. And since most of my flounder fishing is done in less than 15' of water, I can usually get away with it. My preferred outfit is a 5' to 6 1/2' light to medium light power rod and a small spinning or bait cast more…
Mortgage Market News
U.S. Mortgage Rates Will Tumble to Four-Decade Low
(Bloomberg) -- Freddie Mac, the world's second-largest buyer of home loans, said the average U.S. fixed mortgage rate in 2008 probably will tumble more than three-quarters of a percentage point to the lowest in at least 45 years. The average rate for a 30-year fixed mortgage will fall to 5.5 percent from 6.3 percent last year, the McLean, Virginia-based company said in a forecast today. That would be the lowest annual average in records that go back to 1963.