The World of Lending………..yikes! It interest rates were like someones blood pressure……they'd be in the hospital for such flucuation.  Right now, we are up 16 basis points on the bond which is good for pricing, but last week it was a roller coaster ride….  

Market update for 6/3/2014

Courtesy of David Shimeyer at thetbwsgroup!         Executive Rate Market Report               Another hard day of selling in the Treasury and MBS markets. The 10 yr note has breached a key level this afternoon, trading at 2.59%. Prior to the recent decline in rates, three weeks […]

5/5/14 Cinco de Mayo

Happy Cinco de Mayo Everyone! Hope you are all having a great day!  On a side note, today would be my mom's 73rd Birthday, but unfortunately she was taken 4 yrs. ago by Pancreatic Cancer….. Below is a picture of her and I that I thought I would share.  She was a wonderful woman and […]

4/15/14- Tax Day and New Loan Program for the Self-Employed

Well, today is TAX Day!  I hate this day…….fortunately I paid all my taxes last week so today is just a normal day for me. I've got some good news for the Self-Employed:  A new program came out and it goes something like this:  It's called a 12 Month Personal Bank Statement Program and here are […]

4/14/14 – Rate update

The mortgage bond market is slightly down today.  We are negative 17 basis points for the day.  Rates have been trending lower in the last week.  Tomorrow, the CPI is expected to be up .1% overall and the core rate, so this could be a small factor in determining the movement of the market tomorrow.  […]

3/26/2014 – The 80/10/10 Loans are BACK!!!!

80/10/10 Loans are BACK!!!! I now have a lender who does an 80% 1st mortgage with a 10% piggyback 2nd mortgage with 10% down.  The benefit of this loan is that there is NO Mortgage Insurance!!!!!!  You can use a loan like this when putting down only 10% so that you can avoid the PMI (private mortgage […]

3/17/2014 Happy St. Patrick’s Day!

Wishing you and yours a Happy St. Patrick's Day!!  Stay safe!!! Rates are still very attractive……around 4.375% for a 30 yr. fixed…(APR 4.414) And remember if you know any first time buyers or members of the military…..I specialize in FHA and VA loans……the rates on those loans are even lower…..  

3/14/2014 – Fannie Mae & Freddie Mac

Did you know that the government is trying to replace Fannie Mae and Freddie Mac with a new agency?  These 2 agencies are the only 2 profitable agencies our government has……and now they want to change it……go figure……Well, their stock plummeted and once the government gets their destructive paws on something……well, you know…..so we'll see […]