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Archives - Show All 
  • 2014
  • 2013
    • December
    • November
    • October
    • September
      • How a Federal Government Shutdown will Impact the Mortgage Industry
        09/30/13
        If lawmakers don't reach an agreement on the budget, the Federal Government will shutdown and there will be a tremendously negative affect on the mortgage industry. In today's mortgage world, we depend on the the folks inside the beltway to do a number of tasks which allow us to take mort

      • Mortgage Rates End The Week Lower
        09/27/13
        It was another good week overall for mortgage rates with the FHA 30 year fixed rate ranging between 3.75% and 4.00%, depending on the borrower's credit scores.

        Credit scores actually impact Conventional (Fannie Mae and freddie Mac) rates more than they do FHA rates. Assuming your cr

      • Another Mortgage Meltdown? Not What You Think.
        09/26/13
        I just read an article on CNBC.com from Monday titled, "Long-feared Mortgage Meltdown is Here." You can guess that I was a little concerned and surprised, especially since there are so many new regulations and many more coming. How could there be another Meltdown? The author was not tal

      • 100% Financing with USDA
        09/25/13
        USDA, the United States Department of Agriculture, has a wonderful loan product which allows 100% financing on primary home purchase transactions. There are some pros and cons, as you might have guessed.

        The Pros are many, so here are a few. 100% financing is permitted. Closing costs c

      • Mortgage Rates are Dropping Again.
        09/24/13
        One of our Lenders is quoting some awesome rates today! They are offering an FHA 30 year fixed rate at 3.875% and no points! I know the cost of the upfront MIP (Mortgage Insurance Premium) went up to 1.75% and the monthly MI increased to 1.35%, but if you need a low down payment loan, this is the

      • The Federal Debt Ceiling. Does it Matter?
        09/23/13
        The Federal Debt Ceiling is the amount that the Federal Government is allowed to borrow and that amount is determined by Congress. The Treasury Department has said it will hit the existing ceiling on October 15th, but the fiscal year ends September 30th, so a preliminary budget must be agreed to by

      • Mortgage Rates Down for the Week
        09/20/13
        After Wednesday's blockbuster news, mortgage rates dropped across the board. Yesterday and today were relatively quiet in the mortgage market as investors tried to determine what to do next. Most were waiting and watching, trying to get a leg up on their counterparts by finding a nugget of in

      • Why the FOMC chose not to Taper
        09/19/13
        On Tuesday, Bob Doll, chief equity strategist at Nuveen Asset management said "I think the Fed is desperate to get going on it," referring to Tapering. In my blog post on Tuesday, I agreed with him. I felt it was the perfect time since rates had run up solely on the talk, thinking that t

      • Surprise, Surprise! The FOMC Stands Pat.
        09/18/13
        At the end of the FOMC's 2 day meeting, the news was huge. So huge that no one saw it coming. Mortgage market participants and economists were all but certain that the Fed was going to announce the start of some type of Tapering. But everyone was fooled, because the FOMC chose to do what Ber

      • Ben Bernanke and the Federal Reserve Meeting
        09/17/13
        The much anticipated Federal Reserve Open Market Committee (FOMC) meeting starts today and ends tomorrow. You have probably heard the talking heads discussing "Tapering" of QE3. QE3, Quantitative Easing, is the FOMC policy of purchasing US Treasuries and Mortgage Backed Securities (MBS)

      • Summers is Over. Mortgage Rates Improve.
        09/16/13
        Last evening, in a surprise, former U.S. Treasury Secretary Larry Summers announced that he was withdrawing his name from consideration as the next Fed Chairman. This caused the rally in the mortgage market this morning. Mortgage Bond Investors see other candidates in the running to fill Ben Berna

  • 2007



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