Doug Jones's (dougj) Blog

Follow me
Mortgage and Lending - Mortgage Magic



Mid February the Bank of Japan will cut key interest rates that commercial banks hold to minus 0.1%. The Central European Bank recently cut further to a minus .3 %  Japan is concerned with deflation and the EU is working to get the Euro banks to become more assertive in their lending practices.  ...
The end of the day.. What did you accomplish today? Not the deal you finished or the completed transaction - What did you accomplish today for continued success ? For success tomorrow?   If you ask yourself what did you accomplish and your answer is not immediate and does not answer what marketin...
The number of mortgage applications in the U.S. rose sharply for the third straight week last week, as interest rates moved lower, industry data showed on Wednesday. In a report, the Mortgage Bankers Association said their mortgage market index, a measure of mortgage loan application volume, inc...
FHA is back -   FHA originations were up 54% September 2105 over September 2014. In December FHA insured 22% of all loan originations. Why? The mortgage insurance premium was reduced. FHA lending had been in decline thru most of 2014 but volume tripled the month after the insurance premium was cu...
Overseas Problems continue to drive rates down according  to Freddie Mac. Here is the quote from Sean Becketti, Freddie Mac's chief economists, "Long-term Treasury yields continue to drop, dragging mortgages rates down with them. Turbulence in overseas financial markets is generating a flight to ...

Doug Jones

Mortgage Broker - NMLS 286668
Ask me a question