The Lynch Theorems...Title Inspired by Matt Stigliano of Exit Realty San Antonio

Geometry is a very under rated mathematical style that is not used enough in the Real Estate industry. It can show "proof" that it's make up and natural understanding can be the utmost variable when deciding between the given. Are you math enthusiasts following me here? snicker snicker

With the given example here you may be able to decide what is the best option when deciding where to move in reference to commute diffence and priorty between 3 locations...Home, Work, Weekend Home, and family.

Option #1

Drive distance from work to home is EQUALLY important as the drive distance from home to your family, and not as important as it is from home to your weekend home. This scenario would be most accurately realized in an isosceles triangle where two of it's sides are equal giving you angles of 45, 45, and 90 degrees.

Option #2

Drive distance from work to home is more important than the drive distance from home to weekend home and home to family. This scenario would be most accurate realized in an right triangle where one of it's sides is shortest, the next is a comfortable middle length between the shortest and longest, and then you have of course the longest...this would be illustrated when the triangle angles measure 30, 60, and 90 degrees.

Option #3

If it is important to you that all driving distances be equal because you are having emotional struggles in determining priority in one drive over the other, you might settle for the equilateral triangle used by most Americans that can't very well execute the ever important, executive decisions. In an equilateral triangle, all sides measure the same and all angles are 60 degrees.
Once you've drawn your triangle, list your three givens (work, weekend home, family) at the three corners, and the deepest middle space inside the triangle will be where you want to move in your next home.

This geometrical use in deciding your perfect home buying location has the power to drive America out of this recession and mortgage downward spiral all on it's own.

Hope you have enjoyed this read as much as I did in writing it. (:

What Are Mortgage Rates Going to do In the Short Term

In a report yesterday, mortgage guru at Mortgagerate.com wrote the following.
The recent bond rally has driven bond prices higher and mortgage rates lower, however, I am concerned that we may see an increase in rates before they fall much further. The rally creates a situation where bond traders may sell holdings to capture profits from it. If there is a concern in the market whether bonds can improve much more, that move may happen sooner than later and can lead to a spike in mortgage rates. Therefore, I strongly recommend that you maintain contact with your mortgage professional if still floating an interest rate because rate usually move higher much quicker than they improve.

If I were considering financing/refinancing a home, I would....
Lock if my closing were taking place within 7 days...
Lock if my closing were taking place between 8 and 20 days...
Lock if my closing were taking place between 21 and 60 days...
Float if my closing were taking place over 60 days from now...
This is only my opinion of what I would do if I was financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.