Explore Victorville, CA

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 2
In honor of Independence Day, here are 13 little-known bits of trivia about the United States constitution, courtesy of constitutionfacts.com:The first constitution was not known as the Declaration of Independence.  It was called the Articles of Confederation. The U.S. Constitution has 4,400 wor...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
The Fed left the Fed Funds Rate unchanged again today for the eighth time in a row after 17 consecutive hikes.  None of this is news to us.The Fed's press release, though, highlights a key theme about our country's economy:  inflation may be moderating, but we are far from in the clear.  In other...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 3
You know you should check your credit report to see if your identity has been stolen. If a thief obtains your Social Security number, they can establish credit cards in your name, borrow money and make purchases - all without you realizing it.And yet, millions of people have never checked to see ...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
From the CBS News Video Web site, an interesting story for anyone who's recently applied for credit.Credit repositories now sell the contact information of people applying for new mortgage loans to other mortgage lenders that want to compete for the business.Called "trigger leads", an unsuspecti...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 1
Is "news" always news, or is it masked opinion?  When doing research on mortgages, it's important to pay attention to the objectivity of your research source.  Often, a writer will deploy key adjectives, phrases, and/or images that distort an otherwise factual story.The above cartoon from clangn...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
It was another favorable day for mortgage rates Tuesday as average housing data and momentum trading carried bond prices higher.  Bond prices up, mortgage rates down, of course.  All things considered, mortgage bonds should not have moved as much as they did.  But, this is the summer season and ...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
For those that spend a lot of time in their car, this is old news.Since Memorial Day weekend when gas prices touched $3.24/gallon nationally, the cost of filling up dipped below $3.00.  According to Gas Buddy, Monday's average cost per gallon was $2.995.Despite the dip, gas prices are still much ...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
Remember the old tag line from the show "Lifestyles of the Rich and Famous", as Robin Leach wished us all "champagne wishes and caviar dreams"? And sure enough, these days more and more people have the trappings of the rich. But is it the new home, maybe a shiny BMW, or more vacations? No. It's g...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 4
With today being Father's Day I thought you might enjoy learning a bit about how this holiday actually got its start.  Ok, some people think that Father's Day was invented as an afterthought to Mother's Day... You know, everyone felt sorry for dads since moms had their special day in May, so... a...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 7
Square footage of a home is a matter of debate -- a homeowner measures it one way, a real estate agent another way, and an appraiser a third way.  The local tax assessor has his own method, too.So, who is right?Until 2003, they all were!  That's when the NATIONAL ASSOCIATION OF REALTORS® Apprais...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
Home equity is created in one of two ways (assuming increasing home value and a non-negatively amortizing first mortgage).In the first method of creating equity, the homeowner pays down the principal balance on the mortgage.  This increases the difference between what is owed on the home and what...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
The pie chart above comes from a Bankrate.com survey, sampling 1,000 adults about their current housing situation. The question asked: What type of mortgage do you currently have?  While the 34% "Don't Know" figure is troubling, even more frightening is the 6% "ARM" figure.  The sample size was ...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 1
The American Consumer keeps spending.  This morning, the monthly Retail Sales report showed a larger-than-expected jump.  Even after stripping out elevated gas prices, the sales increase was more than double the expected amount.  The economy surges ahead, fueled by everyday spending, and this do...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 4
This cartoon by Wiley applies to mortgages in 2007 like it did to stock trading in 1999.  The least expensive mortgage options aren't always the least costly.  A quick look at the Sunday paper's Foreclosure Notice section can verify that.The right loan at a fair price saves far money money than t...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
If you ever wanted proof that mortgage rates react to global events, the past four days are it.  Worldwide, investors are shunning the United States mortgage market in search of higher returns elsewhere.The more they sell, the worse mortgage rates get.The latest catalyst for extra supply: specul...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 3
After a semi-calm start, last week ended terribly for mortgage rate shoppers highlighted (lowlighted?) by Thursday's mortgage bond market crash. The drubbing Thursday was the worst day for the bond market in three years and is one of the reasons why the conforming and jumbo 30-year fixed mortgage...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 1
Thursday was the single worst day for mortgage rates in more than four years.    Because so few homeowners understand how mortgage rates are determined, a day like Thursday may have little context.  So, let's try to put it in perspective.  If somebody told you that the stock market crashed, you'...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 1
This is just a quick reminder to ignore national news stories about real estate.  It may sound like strange advice, but real estate is a highly local phenomenon.  The "national scene" is comprised of data from:50 states, with More than 30,000 incorporated cities, and with An innumerable number o...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 19
Have you ever wondered how much your coffee habit is costing you?Courtesy of software developer Hugh Chou, use the Coffee Calculator to calculate how much you pay for coffee each year, and how much money you forgo in savings because of it.Did you know:  If you buy a $1.87 grande drip coffee from...

By John Caylor, Post Falls, ID Mortgages
(Infinity Financial Group)
Comments 0
Choosing the right lender is a key element to managing your mortgage. As a mortgage planner, my goal is not just to provide you with a loan, but also to help select the one most beneficial to you and your long-term goals, and then, help you manage that debt over time. There are not many lenders o...

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