ARCHIVED BLOG POSTS
2016
Every week I speak with potential clients who have little, income large mortgage debt and don't know where to turn. As it turns out, many of these folks also have built up significant equity in their homes. If that is the case, I can provide them with a Home Equity Conversion Mortgage or HECM. ...
06/08/2016
Many times Realtors are out showing houses to potential buyers and the feedback refers to a particular draw back or shortcoming that a property might have. This should not be looked as a negative but more as an opportunity. Obsolescence can be overcome. Frumpy kitchens can be made to look beau...
06/08/2016
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After hitting an 11 month high yesterday Standard & Poors future were pointing toward additional gains today. The cause of home ownership was bolstered today as Corelogic reported that home prices are up 6.2 percent year over year. When applying these numbers it is important to keep in mind tha...
06/08/2016
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.94 having once again remained above all the moving average and closed at the highest point since January 2015. I am continuing to float loans in my portfolio for the time being. Those who have not yet refinanced across the c...
06/08/2016
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After Friday's shocking jobs report, Janet Yellen's comments quelled investors today. She cautioned not to put too much stock in one monthly report. she also indicated that although she is still watching productivity and earnings and that we had not yet arrived at the point where she could raise...
06/06/2016
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Mortgage backed securities (MBS) closed down 13 basis points today at 102.75 having lost little of yesterday's euphoric swing but still remained near one month highs. I am still continuing to float loans in my portfolio for the time being. Janet Yellen's comments helped stocks but had little ef...
06/06/2016
File this under "what a difference a day makes". Yesterday the sometimes suspect ADP jobs report disappointed by suggesting that only 173,000 jobs had been created in the private sector last month versus the 180,000 expected. Today when the government numbers came out, they threw everyone for a...
06/03/2016
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Mortgage backed securities (MBS) closed up a whopping 38 basis points today at 102.88 having eclipsed all the moving averages and returned to the rarefied air in had been in in early April and early May. I am definitely floating loans in my portfolio for the time being. The tiny number of jobs ...
06/03/2016
Stock futures were flat this morning in anticipation of the sometimes dicey ADP new jobs report. Stocks opened virtually unchanged. When the report came out showing 173,000 new jobs, 7,000 short of the expected total but added 10,000 jobs to the April total. Stock initially took the news hard ...
06/02/2016
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.47 having broken through and closed above resistnace offered by both the 50 and 25 day moving averages. The fact that they closed above both thosse average could bode well for MBS bonds tomorrow. I continu to advise cautious...
06/02/2016
