Articles by eric-mally

Eric Mally

How does Eric describe himself? In three words, they would be "humorous," "sports nut," "merciless," and "jackhammer." He has a proclivity to quote Larry David, watch countless hours of Detroit sports and wait in line for new Air Jordan shoes the day they come out. When not blogging about finance, Eric can be found with his dog "The Dude" (his Dudeness or el Duderino if you're not into the whole brevity thing) or thinking about what could have been if his rap career took off in 7th grade.
The Latest Federal Reserve Release in Plain English 8.0

The Latest Federal Reserve Release in Plain English 8.0

Back like they never left, the Fed was at it again with this month’s meeting of the Federal Open Market Committee. I’m sure that discussing what Justin Bieber had for dinner, why in the world the weather can’t make up its mind and maybe a little bit about the current state of the economy were all on the docket this time around, but there’s only one way to find out.

Continue Reading
The Latest Federal Reserve Release in Plain English 7.0

The Latest Federal Reserve Release in Plain English 7.0

It’s that time of the year again where the Federal Reserve puts their heads together in a figurative way – although it would be pretty funny if that’s how they conducted their meetings – to talk about the present state of the economy. Strap on your seatbelts and let’s journey through the mind of the Fed by unpacking the latest Federal Reserve Release in plain English.

Continue Reading
Choosing the Right Mortgage for Your Home

Choosing the Right Mortgage for Your Home

So you wanna refinance or lock in to a new mortgage rate, eh? You may not realize this right now, but mortgage rates are in unchartered territories – in a good way. You also probably didn’t know about all of the great options out there, so take a gander and see if any of these might be right for you.

Continue Reading
Did Mortgage Rates Really Set New Record Lows Today?

Did Mortgage Rates Really Set New Record Lows Today?

I was thinking about rattling off a bunch of things that I’m thankful for, and while I do have plenty in my life to be thankful about, I feel that’s getting overdone. Maybe overdone like how my mom’s turkey will probably turn out tomorrow? Regardless of how my Thanksgiving meal is going to be tomorrow, and I’m sure it will be delicious, one thing is for certain: the nationwide average for mortgage rates has never been lower in the history of the modern mortgage according to Freddie Mac’s weekly Primary Mortgage Market Survey.

Continue Reading
Mortgage Rates Drop to NEW Record Lows

Mortgage Rates Drop to NEW Record Lows

After tiptoeing the record line for the past six weeks, mortgage rates set a new record low this week. Credit it to whatever you want: President Obama winning the election, Jay Cutler getting concussed, or Thanksgiving coming around the corner. The fact of the matter is that the nationwide average for mortgage rates across the country has never been lower according to Freddie Mac’s weekly Primary Mortgage Market Survey.

Continue Reading