Tag Archives: Mortgage Loan Officer

Mortgage News

Mortgage rates moved very little last week as the US government stretched into its second week.Retail Sales data, like the previous week’s Employment Report, was not released. However, the Fed’s last meeting minutes were released, and it revealed that the Fed … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Mortgage Rates Drop 4 of Last 5 Days

Mortgage Bonds are near unchanged levels receiving some support from a weak reading on Durable Orders or products lasting at least 3 years. Over in housing news, New Home Sales rose by nearly 8% from July to August, despite the … Continue reading

Posted in Daily Mortgage Rate & Bond Report | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Mortgage Rates Go Up and Then Go Down

Mortgage Bonds continue to drift lower after Wednesday’s sharp rally that was fueled by the no taper statement from the Fed. There are no economic reports due for release today and trading should lean toward the quiet side. Headed into … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

We the People

September 17, 1787 The Constitution on the United States was created.  We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Easy Money Means Lower Mortgage Rates

Mortgage rates are dropping on news that Larry Summers withdrew his hat from the Fed Chairman post paving the way for the dovish Fed Vice Chair Janet Yellen to be the front runner. The markets feel that the current easy … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Economic Update

Mixed economic data this morning.  Mortgage rates remain in a sideways trading pattern headed into next week’s big risk event, the Fed Meeting and Monetary Policy Statement on Wednesday. Inflation at the wholesale level remained tame in August while Retail … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

New FHA Rule Helps Those w Credit Challenges Now

The FHA is now “allowing for the consideration” of the eligibility of borrowers who have experienced an “economic event,” i.e. unemployment or other circumstances resulting in a significant reduction of income, provided that they can provide adequate proof.  This includes … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Rates Edging Lower This Week

Mortgage Bonds are trading higher while Stocks near unchanged after the closely watched S&P 500 closed higher for 7 straight trading session. In economic news, Weekly Initial Jobless Claims fell to levels not seen since April of 2006, but a … Continue reading

Posted in Daily Mortgage Rate & Bond Report | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

How World News Impacts Mortgage Rates

The Syrian crisis continues to abate this morning as President Obama will be on national TV tonight and now could be leaning towards a more diplomatic track. In addition, France said it will submit a Russian backed plan to the … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Buy a Home With Little (or no) Money Down

When a person starts thinking about buying a home, they usually have questions about affordability and qualifications. How much are the monthly payments going to be? How much cash will I need? What interest rate can I get? What if … Continue reading

Posted in Mortgage Posts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment