4.56% 30-Year Fixed Mortgage Sets 40-Year Record Low With 2nd Quarter GDP Coming

by admin on July 25, 2010

Bonds trade in tight range; 2nd quarter GDP on the way; Corporate profits eyed; 30-year fixed mortgage sets new 40 year record low; Housing numbers beat expectations; European banks checked – Recap of July 19-23 economic news and preview of July 26-30 events Bonds refused to break out of a tight range last week, ensuring homeowners

4.56% 30-Year Fixed Mortgage Sets 40-Year Record Low With 2nd Quarter GDP Coming

by admin on July 25, 2010

Bonds trade in tight range; 2nd quarter GDP on the way; Corporate profits eyed; 30-year fixed mortgage sets new 40 year record low; Housing numbers beat expectations; European banks checked – Recap of July 19-23 economic news and preview of July 26-30 events Bonds refused to break out of a tight range last week, ensuring homeowners

Are FHA Loans Assumable? You Bet!

by admin on July 22, 2010

At the time the home is listed for sale, real estate agents should order an “FHA Assumption Package” from the company servicing the loan.

Companies Succeed, Consumers Suffering – Weekly Mortgage Market Recap for July 12-16 2010

by admin on July 18, 2010

If I had to choose a word for investor sentiment in the current economy, I would choose “trepidation”. Investors want the stock markets to move higher, but too many factor are pushing against that possibility.

Mortgage Market Update – July 12, 2010

by admin on July 12, 2010

Happy Monday morning to all and it is another bright, sunny day here in South Florida.  Unfortunately, things are not so bright in the mortgage backed securities market and exactly where MBS prices, and thus mortgage rates, are going to go could get very interesting this week.  Remember that last week I

Mortgage Market Update – July 12, 2010

by admin on July 12, 2010

Happy Monday morning to all and it is another bright, sunny day here in South Florida.  Unfortunately, things are not so bright in the mortgage backed securities market and exactly where MBS prices, and thus mortgage rates, are going to go could get very interesting this week.  Remember that last week I

Mortgage Market Update – July 6, 2010

by admin on July 6, 2010

Good morning and as I stated in yesterday’s radio program, I have delayed this week’s report until today since the markets were closed yesterday and I wanted to give you a better view of what lies ahead.  Of course, flying in from Rio de Janeiro yesterday early morning certainly doesn’t keep one

Mortgage Market Update – June 28, 2010

by admin on June 28, 2010

Bom dia!  Estou ainda em Rio de Janeiro, Brasil.  Well, last night the airplane had a part that needed to be replaced and they could not get it to the airport in time before we “timed out” for our flight home.  As a result, I have an extra day in Rio, which

Mortgage Market Update – June 21, 2010

by admin on June 21, 2010

What an exciting week last week turned out to be and that will likely continue through this one as well.  Shortly after my delayed post last week and after airing my radio show, MBS prices tanked and caused all of those rate alert services to post lock alerts, though I never changed

Fannie Cracks Down On Foreclosure Redemptions SEL 2010-07

by admin on June 9, 2010

In case you missed it, this was a big deal on TBWS Daily the other day.  Here is the skinny – I’ll start at the end – the foreclosure is not complete until the redemption is over.  In other words, the bank does not take possession or “own” the property until after the redemption period—because

Drapes & Blinds Might Be a Seller Concession-Who Knew?

by admin on June 1, 2010

Check with your lender because they may consider window treatments (inlcuded in a purchase agreement) as personal property! Could be deducted from the value of the home.

Memorial Day 2010 – Thank You

by admin on May 31, 2010

A sincere thank you to all who have served and sacrificed for our freedom.