Phil 's Blog

Appraisal shockThe ultimate determination of whether you’ll qualify for a mortgage refinance or not will depend partly on your appraisal, especially if you’re in an area where real estate values have dropped. Prepare yourself by checking with a local realtor, and asking for a list of recent prope...

What should you look for in A MORTGAGE PROFESSIONAL? RESULTS As a Professional Mortgage Advisor, I will help your clients achieve the results they desire. Together, your clients and I will define their needs and formulate a plan for achieving their financial objectives. I pledge that I will work...

Rate Sheet as of 8/16/2010 CONVENTIONAL Conforming Jumbo Rate APR Rate APR Fixed Rate (30 Yr) Fixed Rate (20 Yr) Fixed Rate (15 Yr) Fixed Rate (10 Yr) 4.250% 4.125% 3.875% 3.750% 4.311% 4.212% 3.933% 3.810% n/a n/a n/a n/a n/a n/a n/a n/a 30 Year Fixed Rate all Non recurring closing costs paid t...

Why Are Mortgage Rates Still So Low? By Kirk Haverkamp   Why are mortgage interest rates still so low? According to conventional wisdom, interest rates were supposed to begin creeping up in April, right after the Fed quit buying mortgage-backed securities. Instead, they’ve lower than ever.  So w...

  Street Sweep Following the money in banking and economics Type Size     JUNE 24, 2010, 11:26 AM Mortgage rates hit new low Mortgage rates hit a record low this week, but few people will be taking advantage. Freddie Mac said Thursday the going rate on a 30-year fixed rate mortgage fell to 4.69%,...

  30 year fixed= 4.875%  4.965% APR all closing costs paid 20 year fixed= 4.875% 4.965  APR all closing costs paid 15 year fixed 4.375%  4.465% APR all closing costs paid (These rates are as of 6/12/2010 and are subject to change) Lower rates are available assuming all closing costs are paid by b...

Wow rates popped up a little bit today. Still not terrible, but I'm wondering if we saw the lowest low for a while last week. Here is the new picture as of today 5/27/2010     30 year fixed= 5.25%  5.325% APR all closing costs paid 20 year fixed= 5.125% 5.215 APR all closing costs paid 15 year fi...

 Some of you have asked me to update rate information when there is a large drop, and today they plummeted! In PA and NJ I can provide a "No closing cost" refinance on a no cash out refinance with the following basic criteria: Balance of $220000.00 or higher, FICO 780+, less than 60% loan to val...

Doylestown and Bucks County PA Mortgages Here is what I can offer based on todays rates for a complete "no cost to you" refinance in PA, NJ and Florida. Please keep in mind these rates have been changing daily (sometimes at least 3 times) either up or down. These quotes are for <80% loan to value...

 Today’s Interest Rates   “What’s the interest rate today?” is the typical question; but the real question is: “What are they going to be tomorrow?” We’ve already seen the first hiccup from the Federal Government’s exit from the mortgage backed securities market. No one wants to hear I told you ...