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mortgage rates: Spokane Home Buyers and People Looking to Refinance - 02/11/10 05:52 PM
Let me preface this by stating that I am by no means a "The end is coming! Act now! There is no better time to buy or refinance!" type of a guy. That said, "The end is coming! Act now! There is no better time to buy or refinance!"
:)
In all honesty, we do not know how the MBS bond Market will react at the end of March when the government uses the last of the allotted funds to make their final MBS purchase, however most experts predict the rates will rise. Adam Quinones of Mortgage News Daily goes into … (2 comments)
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mortgage rates: Mortgage Activity is up!! Rates forecasted to rise. - 02/03/10 06:03 PM
For the past couple weeks or so mortgage rates have held relatively steady. Most pricing about 5.0% with rates dropping as low as 4.75% here or there (30yr fixed mortgage).
This morning (2/3/10), the Mortgage Bankers Association released their weekly Mortgage Applications Index. The survey covers over 50% of all residential mortgage applications taken by banks thoughout the US. The point of the survey is to display consumer demand for mortgage loans. Obviously, if inital applications were to rise, it would point to an increase in home buying interest, a key component not only to the housing market, but the economy … (2 comments)
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mortgage rates: Mortgage Professional's - You will want to use this. - 05/08/08 05:22 PM
This is a repost from a month or so ago, but I thought it was worth sharing again for those that may have missed it. Have a good one!
Do you have a crystal ball to tell you where interest rates are going?
Well neither do I...but I found something close!
If you are using the 10yr Treasury you are not as accurate as you can be.
Matt's blog is the most detailed interest rate resource that I have found on the net. And the best part? It's Free.
http://www.mortgagenewsdaily.com/mortgage_rates/blog/
Matt is an absolute genius when it comes to following the external factors that govern mortgage rates … (2 comments)
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mortgage rates: I Love Spokane! - 04/14/08 03:57 PM
Why you ask? Well while the 4 seasons, generally nice people, good schools and the entrepreneurial flare of the city are nice, the main reason I love Spokane is that it is different. Take for example the article below. If a person from Spokane was to read this and really think that the reasons for not buying a home, applied to our outlook they would be making a huge mistake! Not only has the Spokane market not depreciating, it never has had a depreciating year since they started tracking the statistic in this market. That said we aren't going to see … (0 comments)
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mortgage rates: Random Facts from a Credit Scoring Seminar I attended... - 04/10/08 05:56 PM
I attended a credit scoring seminar this morning in attempts to learn something new and I am glad I did. Now most of the seminar was review for me, some info jogged my memory and some of it was new. Below I have listed a few topics that I thought you could benefit from knowing.
WHAT GOES INTO A CREDIT SCORE?
The approximate makeup of the FICO score Fair Isaac discloses to consumers
Credit scores are designed to measure the risk of default by taking into account various factors in a person's financial history. Although the exact formulas for calculating credit scores are … (10 comments)
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mortgage rates: My perspective on the Bankrate.com Mortgage Rate Index - 04/03/08 03:31 PM
After reading the Bankrate.com's Mortgage Rate Index (posted below) this morning I fell into a slight depression...but quickly snapped out of it. Granted the survey is based on a popular vote, but most of the people that read these surveys and participate in them I like to think are pretty well educated in the mortgage market...Maybe I am giving too much credit, I don't know. The survey asked what we thought rates would do in the next 30 days...as a mortgage professional you are taught to think that rates will increase...regardless if that is the case. You are dealing with other people's … (3 comments)
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mortgage rates: OFHEO to the rescue! - 03/19/08 12:01 PM
For those who had a mid-day rate change for the worse yesterday, might have been pleasnatly surprised to come in today to find that rates actually improved over night. One of the main reasons was OFHEO's unforeseen injection of possbily up to $200 billion in liqiudity! Fannie and Freddie's capital requirements have just been lowered from 30 percent to 20 percent! The Office of Federal Housing Enterprise Oversight put it best: ``The initiative is expected to provide $200 billion of immediate liquidity to the mortgage-backed securities market.''
We have to love that!
Article below:
The Office of Federal Housing Enterprise Oversight (OFHEO) which … (3 comments)
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mortgage rates: Mortgage Professionals - I am going to let you in on a secret - 03/18/08 04:02 PM
Do you have a crystal ball to forecast where rates are going?
Well neither do I. However, I came across this free website a few months back. The guy is an absolute genius when it comes to following the external factors that govern mortgage rates and predicting where rates will be and when they will adjust. He is very accurate!
I thought I would share it with my fellow brethen if you have not seen or heard about it before. It has saved my borrowers a lot of money and made me a good amount as well. Be sure an bookmark it and access it … (10 comments)
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mortgage rates: Mortgage Professionals: The answer to Float or Lock today - 03/17/08 04:35 PM
A wild weekend spilled over into today. Many of you showed up with great rate improvements and if you are deciding to float or lock today, I say float into tomorrow AM IF you haven't had a mid day (today 3/17) price change. With a strong showing on MBS's and the decline in 10yr Note yield it looks to improve overnight. You will likely be able to get an .125 better or more for your clients!
For those of you that have already had mid-day price changes for the better I say flip a coin, but I always error on the … (0 comments)
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mortgage rates: Today's Rates and the weekend... - 03/07/08 04:26 PM
If you are deciding to float or lock today, I say float the weekend if you haven't had a mid day (today 3/7) price change today. With a strong showing on MBS's, the decline in 10yr Note yield, the worse job loss report in 5 years and decline in payrolls it looks to improve over the weekend. You will likely be able to get an .125 better for your clients...Although, crazy things have been known to happen over the weekend in this industry.
For those of you that have already had mid-day price changes for the better I say flip a coin, but I … (0 comments)
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Spokane Home Loan -- Casey Brischle -- Mortgage Professional
Spokane,
WA
More about me…
Columbia Bank
Office Phone: (509) 464-3023
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