Life Goes On

Twenty years after Y2K, the lights are still on and the computers still function.   Not only that, twelve years after the great financial meltdown, housing prices have recovered, home ownership is on the rise, employment rates are at all time highs and the stock market continues to surge.  All this while interest rates hover near… [Read More]

“Buy the rumor . . . sell the news”

Last month, the Federal Reserve Open Market Committee reduced the Federal Funds rate by .25%.  Mortgage interest rates increased by about .125% following the Fed announcement. What’s up with that?  Why would mortgage rates rise in the face of the Fed’s softening of interest rates? Mortgage interest rates are largely determined by bond traders in… [Read More]

INTEREST RATE SURPRISE

After three years of consistent, persistent, unrelenting and depressing interest rate increases, the market seems to have reversed itself. Since November of last year, the Fannie Mae 30 year fixed loan rate has decreased by more than .5%. What was being quoted at 4.54% in November, is being quoted at 3.875% as of this writing…. [Read More]

TWO THINGS TO REMEMBER . . .

1. Fraudulent wire transfer schemes are becoming a huge problem. They are real, they are on the rise and they are accelerating in frequency and sophistication. This is how it works for anybody who is bringing cash to a real estate settlement.  You would receive an email from someone who looks like the lender, the… [Read More]

A Window Has Opened

You probably know that interest rates for home mortgages have been steadily increasing over the course of the past two years.  During that period, the Federal Reserve has announced incremental interest rate increases at nearly every meeting. At the most recent meeting in late January, the Open Market Committee signaled a pause in interest rate… [Read More]

Everything Old . . . is New Again

In November of 1991, Primex opened it’s first office in Potomac, Maryland. The company relocated to Hubbard Drive in Rockville in 1997 and continued to serve it’s clients from that address through this past year. In December, Primex closed the Rockville office and returned to Potomac. You may have noticed the change on our web… [Read More]

You Guys Are The Best

I was at home with my wife Marie, slowly recovering from the long holiday weekend.  Marie was surfing the internet, (probably in preparation for Cyber Monday) and I was taking in a football game.  During a break in the action, Marie typed the company name, Primex Mortgage Corporation, into a browser and found herself at… [Read More]

Meet the Director of Happiness

Primex Mortgage Corporation has announced the appointment of Robert (Bob) Sweredoski as corporate “Director of Happiness”.  In his new capacity, the Director of Happiness will oversee all aspects of client experiences in order to deliver maximum happiness to each end every client on each and every transaction. Primex Mortgage Corporation believes that you will experience… [Read More]

Every Picture Tells a Story

But the story can change, sometimes dramatically, depending on how the picture is drawn. A snowstorm could be a freezing blizzard or a winter wonderland. A diamond . . . a shiny rock or a precious jewel. A luxury cruise ship could be called a boat, when it is so much more At Primex, we’re… [Read More]

INTEREST RATES ON THE RISE

On Wednesday, June 13, the Federal Reserve increased the Fed’s benchmark interest rate for the second time this year, and for the seventh time in the last two years.  The Fed also signaled that they expect two more rate hikes before the end of the year. The New York Times reports “The Fed’s optimism about… [Read More]