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Services for Real Estate Pros - Al Rodenburg
Well, we continue to see change. Too bad none of it appears to be helping the consumer. We continue to hope that the monies provided to the major banks will provide the emotional climate for bankers to start loosening the proverbial purse strings.
Here's the "nuts and bolts"; but for those of you waiting for lower rates and QEII to take hold, I think you will be disappointed; after a miniscule drop in rates after the FED announcement last week, we've seen a solid upward trend in rates.    Yesterday, the mortgage and bond markets were close...
November 3, 2010 ALERT - Mortgages have traded with strength all morning long leading up to the much anticipated announcement from the Fed today at 2:15ET.  In the hours leading up to the recent announcement, mortgages improved by another .125 or so in pricing relative to this morning's opening. ...
Don't expect a lot of rate movement today (from yesterday's afternoon's bump in rates). Mortgages took one on the chin yesterday following a better than expected ISM manufacturing data report.  All in all, the positive report didn't sit well with bond traders that seemed skiddish of any positive ...
Last Week: Mortgages and bonds traded in volatile fashion last week as anticipation grew ahead of the biggest week for the markets that we've seen all year.  Interest rates climbed as the selloff grew in he beginning of the week on whispers that the Fed's QE2 would not be as impactful as original...
Rates will continue to go up. We've already seen rates starting to creep up in the last few days. The yield on the 10 year treasury is now continuously in the 2.70 range (where last week 2.48 was the norm). Expect the yield and the bond market factors to continue to support rising rates. For thos...
OK...when will it stop? "Why" should continally decreasing interest rates stop? Isn't that "good" for the economy. Well, look at it this way - if you were an investor and the return on your investments kept going down, down, down - how would you feel? Someone has to buy the mortgages, right; and ...
The housing and mortgage industry have had to grapple with a number of issues: RESPA and compliance, the First Time Home Buyer Tax Credit's demise, appraisal and HVCC, questions about the flood insurance program, etc., not to mention borrower's credit concerns. Looking at the single-family market...
Here is the latest Mortgage Industry News for the week of 6/14/2010: The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 4, 2010.  The Market Composite Index, a measure of mortgage loan application volume, decreased 12.2 percent o...
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Monday, May 3, 2010 Mortgage Market - the week ahead - May 3, 2010 Mortgage rates ended the week better by about .500 of a discount point as fears over the European debt issues moved back to the forefront. The economic data last week was good and continues to support a recovery in the U.S., but ...

Al Rodenburg

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Thoughts on the continuing evolution of the mortgage industry.