"I feel pretty good in our situation - so I continue being smart with the money...spending/Investing when I see fit. But with negative home equity - sure makes it a little more periliss then a few years back when we bought (loss of one of our two jobs for instance). When negative equity it could make it that much easier to blow through a solid emergency savings .... and still not be able to sell the house to get out from the debt load.... so you gotta save now - make the savings even more solid then..."    View Comment

"If you read back a few weeks/months on the friday Blog posts.... you will probably notice a trend that the rates usually raise by .125-.25 % on fridays....weird....but often true. Now whether they tend to drop back down on monday or tuesday...that i wouldn't say is true (but maybe...)"    View Comment

"From my Un-proffessional opinion , I wouldn't recommend locking on a friday... and being 60days out gives this stock market bear rally a chance to simmer down. With how many restaurants and such are still being closed everyday.... the ripple effect of recession - hasn't died down... which will inturn keep stocks, and in turn mortgage rates down... IMHO."    View Comment

"Ya check back in the early afternoon - thats when it is usually updated (i suppose after rate sheet have been updated/posted for the day) Nitin - For what its worth -seems like rates the past few months have always went up late Thursday and most definitely on Fridays.... Just like gas prices...ha"    View Comment

"Jay, I think the signing of a hardship affidavit should be pretty do-able unless you're income is very high and you are sitting pretty. Hardship is pretty subjective, we could all like to be able to put another 1% in our 401k, or IRA etc. I haven't seen any income guidelines and/or income/debt ratios for people at 81%-105% LTV. Just the offhand mention of a 'hardship affidavit". Any one have details?"    View Comment