Some brick & morter showing signs of beating online sales

You might think the biggest challenge for Amazon founder Jeff Bezos is figuring out how to make money running a print newspaper, but here is a risk hitting much closer to home: Brick-and-mortar retail stores are becoming cheaper than Amazon AMZN +0.53%.

At least one store, that is.
Check out this article on shopping trends

Refinance Your VA Loan

Now is a great time to refinance your VA loan.  Many VA homeowners are finding that they can lower their rate and payment with a new secure fixed rate and all of the closing costs will be paid for by the lender.  VA loans are in great demand from lenders in today’s market and opportunities exist to do a streamline refinances which are very simple and they save VA borrowers a considerable amount of interest expense.   With a Vertex streamline refinance borrowers can choose an option where all costs are paid by the lender including the VA funding fee.  This means nothing is added to the loan amount.  Plus,  in most cases these VA loans do not require an appraisal, so even if a homeowner owes more than what the property is worth today, they can still take advantage of today’s lower interest rates. 

Patrick Bombardiere

Vertex Financial Group
PatrickB@vertexmail.com

Fed Chairman Bernanke’s comments from this May’s meeting of the Federal Reserve Board caused markets to question the longevity of the Fed’s stimulus program.  Worries that the Fed may reduce their purchase of mortgage-backed securities in the near future sent 30 year fixed mortgage rates up about ½%.  Rates still remain, however, at near record lows.