ARCHIVED BLOG POSTS
2010
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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
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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
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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
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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
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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
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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
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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
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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
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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