Annual Percentage Rate
Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it’s important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. While the Federal Truth-in-Lending Act does require any mortgage broker or lender to disclose APR to the consumer, there is no rule written in stone for calculating this number that each and every lender agrees upon.
News
Santa Fe Las Campanas Bond/Stock Market Report
Friday’s bond market has opened in positive territory due to slightly weaker than expected economic news and early stock weakness. The stock markets initially opened in negative territory and dropped noticeably during Fed Chairman Bernanke’s speech in Jackson Hole, Wyoming.
Travel+Leisure Ranks Santa Fe #5 City in United States/Canada Category
Travel + Leisure – Santa Fe ranked #5 in United States and Canada category.
Las Campanas Board of Directors Meeting Notice
Monday, August 29, 2011
1:00 P.M.
Las Campanas Clubhouse Library
Cabaret at The Club At Las Campanas
Saturday, August 27th, 6 PM
Price: $82/Person
Enjoy a musical journey
Galisteo Basin Trail Ride
Thursday, August 25th, 8 AM Departure from the Las Campanas Equestrian Center
Price: $150/Las Campanas Horse, $75/Member Horse
Monday Update
Monday’s bond market has opened in negative territory due to early stock strength. The stock markets are kicking the week off well into positive ground, with the Dow up 131 points and the Nasdaq up 30 points.
Santa Fe Las Campanas- Mortgage Insurance Companies
Another “heads up” on conventional mortgages: Two mortgage insurance companies are out-of-business, effective Sept 2011: PMI and RMIC – both previously strong players in the mortgage insurance business.
Santa Fe Las Campanas Stock/ Bond Market Report
Friday’s bond market has opened in negative territory as yesterday’s rally failed to carry into this morning’s trading. A big part of that is because stocks are in positive territory after yesterday’s sell-off pushed the Dow lower by 419 points.
Mortgage Rates in US Tumble to Lowest in More Than 50 Years- By Prashant Gopal
Aug 18, 2011 Mortgage rates fell to the lowest in more than half a century as concern that the global economic recovery is faltering spurred demand for bonds that guide home loans, according to Freddie Mac.