Rate Guard + Real Estate Trends

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Mortgage and Lending - Cherry Creek Mortgage Co

ARCHIVED BLOG POSTS

2010 

Keep more GOLD in 2010 2010 presents many challenges in the Real Estate market. HOW can you keep more GOLD? What strategies do you have for 2010 with higher interest rates coming? How can you sell your home for the most money? How can you REDUCE your time on the Market? How can we maintain neighb...
01/16/2010
Mortgage Market Alert and Update Mortgage Backed Securities had a very good day Friday. Word of caution: If you are closing within a short time frame might consider locking over the weekend, or Mon. Patterns which lead to the heads up! 10yr Treasury Thursday spinning top -the market was undecided...
01/16/2010
  Loan Program Home Path What is Home Path Fannie Mae Owned Homes Key Points #1 No Mortgage Insurance #2 Primary Residence & Open to Investors & 2nd Homes (restrictions apply) #3 No Appraisal #4 Seller concessions up to 6% Investors max 2% #5 LTV to  97% and below restrictions apply (97% LTV only...
01/15/2010
Fantastic Friday to all, Great morning opening with bonds. CPI came in at .01 vs 02 projected this measures inflation  Good for bonds NY manufacturing was up 15.92 vs 11.40 expected Pressure for bonds Consumer Sentiment 72.0 vs 74.0 expected Good for Bonds Industrial production .06 vs .06 expecte...
01/15/2010
The NEW GFE Good Faith Estimate 2010 Jan 1st 2010 brings many POSITIVE changes to the lending world. What do you need to know and how do you read and shop lenders with the new GOOD FAITH ESTIMATE? Let's cut through the confusion! 1st turn off your cell 2nd close your eyes and take a minute to cle...
01/14/2010
Terrific Thursday morning to all, Auction jitters........... All news points to rates improving: Retail sales down, new filings for un-employment were up, business inventories down. However we opened up and have since trended down. The auction will pivot us today. If the auction goes well we shou...
01/14/2010
The Beige Book report; While economic activity remained at low levels some conditions have improved. Some consumer spending is up still below 07 levels. Retail inventories remain low in most areas. Toward the end of 09 home sales increased especially in the lower priced homes, as we all know.   C...
01/13/2010
Wonderful Weds Morning to all, Today we will watch the Beige book and the 10yr Treasury auction closely, both will direct the market one way or the other. Depends on your stomach, lock early before both are released or float into the reports! We are at the top of current trading range FYI. Today'...
01/13/2010
Terrific Tues Morning to all, Two Fed speeches today: Fed Fisher speaks about the role of the FED and the economy, Plosser on the economic outlook. Either speech can sway the market. Consumer confidence is due out later: If the numbers show a huge improvement that can also lead to a correction. B...
01/12/2010
Marvelous Monday Morning to all, No economic news today. Atlanta Fed Lockhart will be speaking about the our economic outlook at 12:45. Remember when the FED speaks it can shift the markets swiftly. We opened up today, float carefully. Today's snapshot   Charting in detail below.   http://mortgag...
01/11/2010
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Paul Walton

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My blog has daily updates with MBS (Mortgage Backed Securities) as this combined with current economic news is what drives interest rates. Good economic news usually is bad for bonds = higher interest rates Bad economic news is normally good for bonds= lower interest rates The bond market and stock market are both active while the markets are open. Investors are either investing in Wall St or running to the safety of bonds depending on market emotion, and current economic news. Economic news that affects both Wall St and MBS (bonds) are jobs reports, manufacturing data, GDP (Gross Domestic Product), housing starts, corporate earnings/ outlook, and inflation to name a few. The higher bonds are = the lower interest rates are. Interest Rates are not included in morning updates due to the factors that affect interest rates, credit scores, location, type of property, loan to value, loan amount, ect. My blog also features changes coming to the Real Estate Market, lending guideline changes, and tips to help address current Real Estate issues. Videos are either hosted via You Tube or at Mortgage Coach’s Utipu account. Let’s make a difference in our world! I hope you enjoy!