Today, Tom Ross and I discuss the interesting and ever-changing world of interest rates. Tom (with Bay Equity) knows exactly how to understand the way interest rate fluctuations work, and explains the dynamics involved in how rates are determined and what the criteria should be for refinancing at lower rates.

How Much Do You Save? What Is a "point"?

There is a discussion about what the market means right now, with the dynamic of Coronavirus, which is not likely to stop having an effect on sales. 

We discuss an easy way to figure additional payment based on a simple calculation you can do in your head (it's only a 'rough' estimate but it helps).

We also break down some key zip codes in the Valley and available housing supply in the Cromford Report.

Key Questions Tom Ross with Bay Equity Reviews

• What affects interest rates
• What is a "point"?
• When should you refinance? Is it a full percentage point? How dependent is it on the no-cost aspect of a refinance?
• With rates where they are now, how to estimate your mortgage payment per month for every $10,000.