Ocean City, Maryland Mortgage Lenders and Home Loans - Professional Mortgage Services, Inc.

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2014
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2013
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- November
  - Interest Rates for the Thanksgiving Week
    11/27/13
    This will be the last blog until December 2nd, due to the Holiday. I want to wish everyone a wonderful and safe Thanksgiving.
    
    The Conventional 30 year fixed rate remained the same for the shortened week at 4.375%. This rate would be available for a borrower who has excellent credit (cred
  - End of Week Interest Rate Review
    11/22/13
    There was some choppiness in the mortgage market this week, but not much overall movement.
    
    The Conventional 30 year fixed rate remained the same at 4.375%. This rate would be available for a borrower who has excellent credit (credit score of 740 or greater) and could be obtained with litt
  - $13 Billion is Still a Lot of Money
    11/19/13
    A few weeks ago I wrote about JPMorgan Chase, the country's biggest bank, agreeing to a $13 Billion settlement with the Federal Government over selling shoddy mortgagesto investors during the real estate boom. It is expected that the agreement will be signed today.
    
    I find a number o
  - Interest Rates End Week Slightly Improved
    11/15/13
    We saw some positive signs this week that last Friday's Job's Report was overblown, enabling rates to hold firm or even drop slighlty on the shorter amoritzations. The Conventional 30 year fixed rate remained the same at 4.375%. This rate would be available for a borrower who has excellen
  - Rates Jolted Upward by Jobs Report
    11/08/13
    Boy was there was some upward pressure on interest rates today. There wasn't any good news when it came to rates, with the Conventional 30 year fixed rate rising to 4.375%. This rate would be available for a borrower who has excellent credit (credit score of 740 or greater) and could be obtain
  - Friday's October Non-Farm Payroll Should be Weak
    11/06/13
    Friday morning we get to see how many non-farm job's were created in the month of October. Remember The Shutdown? Wasn't nearly as great a show as Rmember The Titans (great movie with Denzel Washington), was it? Most mortgage market experts believe The Shutdown will cause the Non-Farm P
  - Foreclosures, Are they Mostly Over?
    11/05/13
    Well, it doesn't appear that forecosures are done. I read the legal section in our local paper at the end of last week and found 17 foreclosures listed. That doesn't seem like many, but it's an increase from a few months ago. The information that I've gathered leads me to bele
  - How Long Will Interest Rates Stay Low?
    11/04/13
    "A very long time," according to Bryan McNee, vice president and senior bond analyst for MBSAuthority.com. "The market still widely believes that the Federal Reserve will be unable to begin tapering their massive bond purchases until at least June 2104," McNee told MBA. "T
  - Rates End Week Unchanged
    11/01/13
    There was some upward pressure on interest rates this week, which is typically not good news. The good news is that the Conventional 30 year fixed rate remained at 4.125% at weeks end. This rate would be available for a borrower who has excellent credit (credit score of 740 or greater) and could be
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