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Your Mortgage Planner 2.0 Blog» Your Mortgage Planner 2.0 Blog: The Skinny From A Top Player In The Mortgage World
5:19pm November 21st, 2008Mortage Rates November 21, 2008
When E. F. Hutton speaks, wait I mean when Obama speaks the Street
listens.
Once TIm Geithner was anounced by Obama to head up the
Treasruy, the market rallied.
Tresauies took a hit but MBS stayed strong, notice the long tail
represents heavy selling early in the day. There was actualy a
repice for the worse at 11 a.m. MST. A few lender released a price
improvement late in the day. O...
10:51am November 21st, 2008Inflation’s Counterpart Deflation Is It Real
CPI OCT 2008
Image courtesy: The Wall Street Journal After supposedly being
eliminated as a concern 5 years ago, Inflation’s counterpart
Deflation is ominously present. The Fed has cut the Fed Funds Rate
to promote economic growth and those changes can take up to 12
months to work their way through the economy. Deflationary
pressures we’re seeing today, in other words, may ...
5:20pm November 20th, 2008Mortgae Rates November 20, 2008
I may have spoken too soon! Yesterday I stated we normally see the
Flight to Security in sell offs such as yesterdays. Today the
Flight took off. We are now witnessing historic yields never
seen on U.S. Treasuries.
The Two-Year has never dropped below 1%; today it did! In uncertain
times investors will invest their funds in investments that will
yield returns, without huge risks. This is...
Notes
3 of 202 notesSee All
- Mortgage Rates Weekly Review – June, 19 2009 – Rates Heading Lower (Chart) 10:44am Jun 20
- Mortgage Rates Will Come Back Down! (Video) 12:26pm Jun 12
- #HVCC CALL TO ACTION 1:06pm Jun 10
Related posts:Mortgage Rates April 29, 2009 – FED Minutes (Video) The Federal Reserve adjourned from its two-day meeting this afternoon..
To: All Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers From: Marc Savitt, President- National Association of Mortgage Brokers After more than a year of exhaustive negotiations with Fannie Mae, Freddie Mac, James Lockhart, Director of FHFA (GSE...
Not much to say except is it over yet? As my colleges would say “Stop Being Chicken Little” although this time I might be right? Over the last eight (8) days MBS have been getting there you know what handed to them. This does not translate good for consumer Mortgage Rates...
June 1, 2009 started as another brutal day in the Mortgage Market. On top of the negative bankruptcy news for GM Mortgage Rates increased after a nice head fake last Thursday and Friday. After reaching as low as 4.375% on a 30 YR in May...
I am sure you have heard all the Hype about the new ability about Using the $8,000 First Time Homebuyers Tax Credit as a Down Payment. Not so FAST! As a lender on the Broker side I am all over this; I have queried multiple lenders and have included there response...
The First-Time Homebuyer Tax Credits - Cannot Be Used For The 3.5% Required Down Payment. • Pursuant to 12 U.S.C...
Mortgage rates have not fared well the month of May, and today was no different. Mortgage Backed Securities once again ended the day in the red, giving up 68bp. What does this mean Mortgage Rates, how does this translate into consumer rates...
Today was a nightmare to say the least. Just not a good day, rates have increased almost a full 1%. Now What...
Hopefully rates do not follow the trend of Monday. Mortgage Backed Securities shed roughly 31bp which translates into an increase in consumer Mortgage rates. This week, there isn’t much data to watch and, because of Memorial Day, trading will be very light towards Thursday and Friday...
What a great week for Mortgage Rates in May! This is the first week since March 19th that MBS have bucked the trend and remained positive all week. Is the is precursor to an increase in rates...
WOW! Another great day in the Mortgage Rate world rates have bucked the 4 week trend of improving Monday – Tuesday only to worsen Wednesday – Friday. Rates have continued to gain market share each day this week. See Par pricing for a 30 YR. Price your Loan. If you like what you see contact me...
What a GREAT way to start the week. After a horrible Thursday and Friday last week, the FNAM 30 YR 4.0% regained majority of its losses in today. The MBS closed higher by 50bp, translating into .25%-.375% depending on which rate sheets you or your lender was pricing off. Mortgage Rates May 11, 2009...
The first week of May is officially over, and Mortgage backed securities once again sold off at the end of the week giving up a total of 30bp this week (FNMA 30 YR 4% Chart). The selloff pushed Mortgage Rates higher for the first week of May. May 2009 Mortgage Rates...
Both mortgage guidelines and the economy have tightened since 2006, bringing more attention to “joint homeowners” — non-spousal partners that buy and share a home as roommates. The practice is not new, but, anecdotally, co-purchasing is becoming more common...
Mortgage Rates improved Monday, regaining the majority of the losses posted Friday. If you are curious as to May 2009 Mortgage Rate Forecast visit the post. In short, rates will stay within the current range 4.5% - 4.875%...
The recent FED Sr. Loan Officer Survey provides a glimmer of hope for the Loan world. Although rates are low one survey stood out to me; the survey which reflects Sr. LO opinion that guidelines and standards are tightening. Read the Full Report...
It is about time! Kudos Guaranty Bank. The simplest way to limit the supply is to eliminate it. Not only does it limit the supply, it detours future dilapidation and possible degradation...
Around minute marker 3:50 the home for sell also has a home for a small person...
They might be rebranding there name, although I am sure all the inexperienced and shady Loan officers from Country Wide will still be working their loans! This is the TRUE meaning of Lipstick on a Pig...
It’s already May, and time for another Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast Loans closed in May will have first payment dates of July 2009...
The Federal Reserveadjourned fromits two-day meeting this afternoon. It’s one of 8 scheduled meetings each year for the Federal Open Market Committee. Although the FED announced to keep the FED Funds target unchanged, MBS gave up ground with the 30 YR FNMA 4.0% pulling back 22bp...
Monday April 27, 2009 was a great way to start the week, as the FNMA 30 YR 4.0% MBS posted a healthy 18bp improvement today. If the past 4 weeks dictate the future, mortgage rates will start and end the week essentially unchanged...
Mortgage rates ended the week of April 24, 2009 lower. The MBS FNMA 30 YR 4.0% finished up 21bp higher for the week (higher is better for the MBS, price and interest are inverse)...
Your Mortgage Planner #rebcphx T-Shirt - Join The Movement RE Professionals follow @YMPlanner (twitter) and RSS feed April 2009 Mortgage Rates ...
Mortgage Rates remained stable today although the Mortgage Backed Security (FNMA 30 YR 4%) which dictates the price of rates closed negative for a second day. Overall rates are trending in the 4.5% to 4.875% range...
With reverse mortgages seniors now have some additional cash-flow alternatives. This type of loan allows mature borrowers to convert their home equity into tax-free income without leaving their current home or making mortgage payments - and they do not need an existing income to qualify...
As I have said before and will say again, we are witnessing Historical LOW Mortgage Rates. We may never see rates this low again, or at least for a very long time...
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve. Unfortunately, for many, the experience is the exact opposite...
Mortgage Rates regained their footing today as the 30 YR 4.0% FNMA MBS closed 9bp higher for the day. If last week was the precursor to this week, we will see rate improve and stabilize Monday – Wednesday and turn negative Thursday – Friday...
Mortgage Rates increased April 17, for a second day as MBS posted another day of losses. Week over week rates are posted a 10bp improvement. Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates...
Clip of former FED Chairman Allen Greenspan supporting his FED Cuts, from David Faber’s documentary House of Cards Related posts:FED Cuts Rate To ZERO The Fed has taken Historic Action and has established a...Mortgage Rates March 24, 2009 - “Because it’s a Poorly Posed Question”...
Mortgage Rates increased today as the FNMA 30 YR MBS 4% gave up roughly 9bp. This down tick in the MBS can be attributed to the late day mini rally in the equities market as JP Morgan Chase beats estimates as it releases earnings. Both Building Permits and Housing Starts were released today...
Homeowners refinance for different reasons, but the process of refinancing a mortgage should result in some benefit to the homeowner. A borrower may choose to refinance to obtain a lower interest rate and a lower monthly payment, or change the type of loan that they have...
Rer IRS Website: This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date...
Mortgage Rates ended the day without a change, after an early afternoon scare. Rates worsened earlier today as the FNMA 30 YR 4% MBS fell 21bp. Rates stabilized as the MBS regained its foothold to close the day where it opened...
Most people don’t have a strategic plan for Refinancing, buying or selling a home If they had one they would probably save: • Thousands of Dollars, • Many hours of their time, and • Most of the stress associated with buying/selling a home That’s why I offer the Strategy Session...
What a great way to start the week. Mortgage Rates improved today, with an increase in MBS. After a light data week last week, data returns. Tuesday, we’ll get a look at Retail Sales...
With Historic rates and considerable amounts of stimulus, now is the best time to refinance or purchase. If you need ONE good reason; rates probably won’t be this LOW ever again, or for a long time as we brace for massive amounts of inflation. Lock in NOW...
You’ve probably heard of social networking sites like MySpace and Facebook, but have you heard of social lending sites? Over the past few years, several websites have sprung up that combine features of the omnipresent social networking sites, and commerce sites like eBay®...
Mortgage Rates for April 8, 2009 remained relatively unchanged given the .53bp swing in Mortgage Backed Securities. With earnings season underway Fixed Income securities should tend to be the benefactor as investors migrate towards a safer haven...
There are 138 million taxpayers in the United States and, according to the IRS,20 percent of them file their taxes within 7 days of April 15. In a holiday-shortened week, that means that 27 million people had better get a move on...
Have you ever completed your tax returns only to find out that you owe way more to Uncle Sam than you were expecting – or worse, that your tax bill is more than you can possibly afford to pay right now? Don’t worry. If this is the case, you’re not alone...
1. Loan Search - Buyers should seek the advice of an experienced mortgage professional, someone who will help determine which financing options best suit their needs today and in the future. 2...
Typically, a person with a low credit score is in this position because they lack structure in his or her life...
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