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Monthly Archives: July 2016

Jul
27

Opportunities

Columbia Graduate School of Business professor Joel Greenblatt makes a key point:

“Prices fluctuate more than values—so therein lies opportunity. Why do the prices fluctuate so widely when values can’t possibly? I will tell you the answer I have come up with: The answer is I don’t know and I don’t care. We could waste a lot of time about psychology but it always happens and it continues to happen. I just want to take advantage of it. We could sit there and figure it all out, but I like to keep it simple. It happens; it continues to happen; the opportunities are there.”

Click below to read two articles about the history of market swings.

Market Watch article & Yahoo Finance article



Jul
20

Low Interest Rates – Refinance?

If you own a home you may consider refinancing your mortgage:

The 30-year fixed-rate mortgage followed Treasury yields lower, falling 7 basis points to 3.41% this week, according to Freddie Mac. Last week the fixed-rate averaged 3.48%, and a year ago it was at 4.04%. “Continuing fallout from the Brexit vote drove Treasury yields lower again this week,” said Sean Becketti, chief economist at Freddie Mac.

So if you’ve been considering a mortgage refinance, now’s the time.

Homeowners who have rate higher than 4.5% on a 30-year mortgage (those 4.5% loans were common up to 2011, says Gumbinger) would benefit from refinancing if they have excellent credit.

Click here to read the full Yahoo Finance article