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.

Articles by Eric Mally

Mortgage Rates Hover Near Record Lows

Do you wake up every morning and feverishly check Freddie Mac’s website around 10:00 a.m. ET to see what happens with the nationwide average for mortgage rates like I do? I was asking some team members about that, and they’re convinced that I’m the only one in the country that does it – but I say nay. You could just head over here every Thursday to see my world-renowned analysis of Freddie Mac’s weekly Primary Mortgage Market Survey.

Mortgage Rates Take a Dive and Remain Near Record Lows

Up, then down. North, then south. Higher, then lower. These opposites can be applicable to many things in life. The temperature in Michigan. My daily blood pressure. More relatable, however, is that these terms perfectly describe what has been going on with the nationwide average for mortgage rates according to Freddie Mac’s weekly Primary Mortgage Market Survey.

Mortgage Rates Tick Upward This Week

It’s Thursday afternoon, so you know what that means – it’s time for this week’s expert and genius analysis of Freddie Mac’s weekly Primary Mortgage Market Survey. On a scale of one to elementary school student finding out that there’s a snow day, I’m sure you’re probably sitting toward the latter. What happened to our lovely mortgage rates this week? Is this week a better time to refinance than last week? Who knows? You’ll never know until you read on, so let’s take a look at this week’s numbers for nationwide averages.

The Local Economic Impact of the World Series

If you’re a local restaurant or bar owner in either San Francisco or Detroit, you’re probably just as happy as the players and coaches that made it to the World Series, because you’re about to see an unbelievable surge in business over the next 10 days. Just by taking a look at the possible economic impact in Detroit, my eyes instantly turned into dollar signs, and I’m not even a business owner.

Our Votes for the Best Halloween Candy

I love this time of the year. The leaves are changing colors in Michigan, football season is roaring away, and in three weeks, we’ll no longer be subjected to all of these political commercials when the people pick the next president of the United States of America. However, the month of October means one thing and one thing only to most people: Halloween candy.

15-Year Fixed Rate Mortgages Average Record Lows

Most homebuyers seem to flock to the 30-year fixed-rate mortgage, but what about those homebuyers who don’t plan on staying in their home for that long? That’s where the 15-year fixed-rate mortgage comes in to play, and the good news is that according to Freddie Mac’s weekly Primary Mortgage Market Survey, the nationwide average for a 15-year fixed-rate mortgage has never been lower.