house: Questions For A Client: Refinance With Debt Consolidation - 12/20/07 06:07 PM
If you haven't read "Phase 1: Your First Contact With A Client" then please feel free to do so prior to reading this post which is an extension of the first contact.I briefly mentioned that the first contact with your client should be a relationship building experience. You should be getting … (0 comments)
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house: Market Update - Lock or Float (November 8) - 11/08/07 11:23 AM
Ok, so I am going to be extending my lock recommendation from anything within 60 days to anything with a 90 day period; lock those loans. Here is why:
The bond market this morning opened slightly higher at +9/32 while Ben Bernanke didn't help the stock market out with his testimony to Congress' economic … (5 comments)
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house: Market Update - Lock or Float (November 7) - 11/07/07 12:27 PM
Well, folks, hopefully you tuned in to my blog on Friday or Monday where I suggested to lock your rates. Here is what is going on in today's market:
The bond market opened this morning up 3/32 with the stocks down (Dow by 135 and Nasdaq by 30). Because of this, you … (0 comments)
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house: Market Update - Lock or Float (November 6) - 11/06/07 02:27 PM
Ladies and Gentlefolk, please keep reading as I have a new updated status on whether you should lock or float today! This suggestion might cause some controversy:
The bond market were negative this morning (11/32 down) after stocks had an early rise (Dow up 50 points while Nasdaq up 3 points). You are probably … (1 comments)
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house: Market Update - Lock or Float (November 5) - 11/05/07 11:12 AM
Alright, folks, I hope we are prepared for the slow economic week since it was a lively roller coaster ride last week! If you haven't already looked at my weekly preview, please do that so you aren't missing that information.
But, here is what is going on currently:
The bond market is a little … (0 comments)
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house: Market Preview (Week of November 5) - 11/05/07 09:08 AM
Well, compared to last week's assortment of economic news, this week is going to be a breeze. Being released this week are one quarterly report, and two monthly reports. With regard to importance of these publications, the quarterly takes more precedence. To relate this to mortgage pricing, we will most likely … (0 comments)
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house: Market Update - Lock or Float (November 1) - 11/01/07 10:22 AM
I would keep floating your loans today as well. I included some pretty informative articles at the bottom of this as well, but here's why I am floating my loans today:
The bond market started out extremely strong this morning (up 29/32) while the stock market is down (Dow by 225,a nd … (0 comments)
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house: Market Update - Lock or Float (October 31) - 10/31/07 11:30 AM
First of all, Happy Halloween, and I hope you all are getting treats (deals and closings) rather than tricks!! I have to say that I feel a lot more confident from yesterday floating my loans. Here's why:
The bonds opened in a negative territory (6/32 down) this morning due to the stronger than … (0 comments)
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house: Market Update - Lock or Float (October 31) - 10/31/07 11:28 AM
First of all, Happy Halloween, and I hope you all are getting treats (deals and closings) rather than tricks!! I have to say that I feel a lot more confident from yesterday floating my loans. Here's why:
The bonds opened in a negative territory (6/32 down) this morning due to the stronger than … (0 comments)
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house: Market Update - Lock or Float (October 30) - 10/30/07 10:56 AM
Welcome back, Folks! I apologize for not updating this over the past couple of days; I was in Central/Upstate New York visiting family! Anyway, here is the update for today!
Flat is the only explanation for the bond market today. Contrary to weak economic news releases and the early decreases in the … (1 comments)
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house: Market Update - Lock or Float (October 26) - 10/25/07 12:30 PM
First of all, I apologize for not getting the update out yesterday! I know that a lot of you are reading this, so here is today's:
The bonds opened a little flat even though we experienced relevant economic news yesterday with the existing home sales report. With regard to Wall Street, the Dow … (3 comments)
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house: Market Update - Lock or Float (October 23) - 10/23/07 11:41 AM
Ok, folks, I would definitely suggest locking all of your loans today if you haven't done so already! Here's the update:
Stocks are increasing a little which continues yesterday's recovery with the Dow up about 49 points, and the Nasdaq about 20 points up. Today, the bond market is a little stagnant … (1 comments)
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house: Market Update - Lock or Float (October 22) - 10/22/07 11:28 AM
And onto this week, folks. Today's bond market is down a little (3/32) contrary to the stocks dropped more this morning. Currently, Dow is down 52 points and Nasdaq is ahead 2 points (for now). Basically, we are looking at similar rates to Friday.
There are no reports scheduled for publication today that would effect our … (2 comments)
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house: Market Update - Lock or Float (October 19) - 10/19/07 01:04 PM
Currently, the bond market is 23/32 up while the Dow is down 204 points and the Nasdaq is down 37 points. With this going on, we could definitely see a good amount of improvement in today's rates; most likely about .25 discount points in our favor.
No reports are scheduled for release … (1 comments)
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house: Market Update - Lock or Float (October 18) - 10/18/07 11:51 AM
The bond market opened in positive territory this morning which continued yesterday's activity. The Dow is down just over 33 points currently, and the Nasdaq is down approx. 10 points. Mortgage rates should improve today by about .25 discount points to possibly just over that....maybe 3/8's.
The Fed Beige Book was released … (0 comments)
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house: Market Update - Lock or Float (October 16) - 10/16/07 02:59 PM
As a summary, I would still recommend to float all loans that you plan on closing until the actual closing date for right now. Please keep reading for more!
Today's stock market is giong through yet another down period today while the bond market is slightly increasing. The Dow started out 91 … (0 comments)
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house: Market Update - Lock or Float (October 15) - 10/15/07 01:26 PM
Big changes on the lock/float front today. So, tune in, and away we go:
Today started off a little slow with regard to the bond market even though the overall stock market had posted losses. The same can be said for the stock market as of right now; early weakness where the Dow … (0 comments)
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house: Market Update - Lock or Float (October 12) - 10/12/07 09:18 PM
The bond market opened in the negative after mixed economic news this morning. Stock rose slightly with the Dow up 52 and Nasdaq up 26 points. The bond is currently down 6/32, but because of yesterday's showing of strength, there will most likely be a minor improvement in mortgage rates today of approximately … (0 comments)
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