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rates: Does the word RATE LOCK mean anything? - 12/18/08 09:40 PM
This week has been NUTS..... yes rates are the lowest they have been EVER.... but people lock a loan and then the rates drop then they want that lower rate.... do they not understand what rate lock means?  Bad thing is if you dont try to get them the lower rate they will leave and go somewhere else... where has the loyalty gone?  We cant help that the market is SO volitile that they can range a .5 - 1% in a matter of days if not hours.... yet people remember the last commercial they see.... What people dont understand is when … (10 comments)

rates: Will 4.5% rates on mortgages help? - 12/08/08 08:50 PM
As many of you may know the news and lobbiests are talking about the government may make rates go down to 4.5%.  First of all what has dropping the FED funds rate down to 1% did to help?  Prime is at 4% now and the market is still struggling.  The main problem is that lending issues..... people that used to could get a loan cant now.... truth is some of those that cant buy now never should have been able to buy.... but one thing i think they need is more 100% loan options.... even people with good credit have to … (7 comments)

rates: Wild day today..... - 11/13/08 08:35 PM
Did anyone ride the roller coaster again today?  The stock market started out this morning down below 8000 on the DOW due to the low earnings of Wal-Mart and Intel along with poor economic news.  Then by mid day the stock market made a massive rally by day end jumping up 900 points.  Due to all this in the market it killed the Bonds.....they dropped over 40 basis points on the day.  The jobless claims numbers also had a big impact as they jumped 32,000 to reach 516,000... the highest level in 7 years.  This market is so unstable if you have anyone sitting … (4 comments)

rates: Oil vs Inflation.....The price we truely pay for black gold! - 11/07/08 11:28 AM
I am sure many of you have noticed the roller coaster of the oil prices and how it has made the cost of goods go up.  With our world soley dependent on oil what are we in for?  Its funny how 35 yrs ago my grand father was in the oil business and he told me some guy had invented a carborator that would make a V8 engine get close to 100 miles to the gallon.... hmmmm wonder what happened?  It disappeared! Some oil company bought the patent on it and made it disappear..... We have the technology to get this kind … (1 comments)

rates: How will the election effect our market? - 11/04/08 07:05 PM
I heard on CNBC this morning talking about what will happen if a democrat gets in office.... they said statisticly the stock market doesnt do well for about a yr after one gets in office....is now the best time for us to have that happen?  If you do your homework you will see that it was actually Clinton that made it very easy for people to buy homes and alot of the reasons for that was mislead by building a real estate driven economy.... now look where we are....Now i am not saying Bush did any better but American Greed has … (4 comments)

rates: What goes up must come down..... - 11/04/08 06:36 PM
Well if any of you have been watching the rates this year you can get sick of the ups and downs..... .i think we are hitting one of this down hill runs again.... we had a 50 basis point improvement today and a .125 bps improvement yesterday..... Rates are back down to 5.875 on a 30 yr again today.... .but this could be temporary again..... get those buyers and refinancers off the fence because we moved almost a point to the bad direction about 2 weeks ago so it can move that fast......what goes up must come and what goes down … (2 comments)

rates: BONDS on FIRE! - 11/04/08 06:22 PM
The bond market was on FIRE today in a good way finally!  The bond market improved by 110 basis points today and we saw .375  to a .50 percent drop in rates so if any of you have any buyers sitting on the fence now is the time to get a loan locked.... RATES are GOOD!
… (2 comments)

rates: Are Credit scores the mark of the beast? - 10/31/08 09:23 PM
As many of you know credit scores control our lives these days.  The credit scoring model was changed not long ago to be a more diversified range of scoring but more based on credit card debts.  Funny thing is lately credit card companies have been cutting back people's limits due to credit risks.  For example, if you had a $20,000 limit on a credit card and had a balance of $8,000 on it.  Some credit card companies are cutting that $20,000 limit down to say $10,000.  How does this affect us other than less credit?  Well credit scores weigh highly on … (12 comments)

 
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Chris Montz

Birmingham, AL

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Network Funding, LP

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