SDMortgagefinder's Blog

  Forum Just released.  Effective October 1st, 2011 new loan limits will be in force. Below is a direct link to the Federal Housing Finance Agency........please scroll down to the section identified by Maximum Loan Limits that Apply to Loans Acquired in Calendar Year 2011 and Originated after 9/3...

  Bloomberg just announced that the Fed Open Market Committee just announced it's intentions to keep rates low for the foreseeable future through 2013 to help spur the US economy. This is very unusual for the Fed, as they usually keep their Policy intentions under a tight lid.....go figure. With ...

  Forum The Consumer Financial Protection Bureau (CFPB) recently developed a series of new forms that would recreate the current Good Faith Estimate and Truth in Lending statement.  The intent is to simplify and combine the two forms into one easy to understand format. Like anything else the gove...

Forum Last Week's report was not posted due to a family emergency.  My apologies. This weeks news kept mortgage rates bobbing back and forth most of the week with various releases of economic activity and market reports.  Below is a synopsis of this week's activity including Fridays announcement ...

Forum Forgive me; last week report was not completed due to the Good Friday Holiday.  Below is this week's report and analysis of key economic news effecting our business: Rates rose most of the week over various pieces of economic news, and the Treasury Auctions which need to attract investors t...

Forum For week's now, the financial markets have been gearing up for the Federal Reserves withdrawal from the Mortgage Backed Securities (MBS) market by purchasing MBS's to keep rates lower.  Many have speculated either way as to how this will take the direction of mortgage rates in the future. W...

Forum Disclaimer: My goal is to ensure that the Realtor community is kept abreast of current market analysis.  While I haven't received any complaints, the news is not always positive towards our industry.  Rates are still near historic lows, so I always emphasize that with clients and hope that ...

Forum Yesterday I posted what I considered an important piece on the Congressional hearings by the Financial Services Committee.  Basically, the blog had to do with the potential changes being considered for Fannie Mae, and Freddie Mac. Please refer to yesterday's blog if you wish. Today, Mortgag...

Forum For those borrowers trying to eek out an 1/8th better in rate, today tossed a huge bucket of cold water on them with today's market news and more notably the government's Treasury Auctions. According to Mortgage Daily News, rates went from 2010 Lows to 2010 Highs all in one day.  Most of us...

Forum Legislators and members of the Treasury Department today held the first of hearing on how to reform the sometimes called GSE's more commonly known as Fannie Mae and Freddie Mac. While I am not educated enough at this point about this issue, I do know that reform is going to effect what happ...