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associates: 2 Ways to Obtain 100% Financing, Even Today - 06/02/08 01:09 PM
A substantial proportion of my business over the past two years has been to clients who have tried and tried, but who have never quite been able to save money. I'm sure you've met them. Whether it's been a question of supporting relatives, financial hardship, or just simple overspending, there are … (8 comments)
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associates: Wondering why rates are all over the place? It's called "Deleveraging" - 03/06/08 07:59 PM
In the past 10 years, total mortgage balances (1995 to 2004 and 2004-2007 see section L.217) in the United States balooned from $5.128 trillion in 1997 to $14.557 in 2007.
That's an increase of over 250%!
Where did all that money come from? In that time, the economy didn't grow by nearly … (1 comments)
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associates: Could Rates Be Ready to Fall Again? Treasury / Mortgage Spread Hits Widest Point - 02/29/08 09:52 AM
The spread between 30-year fixed mortgage rates and 10-year treasury yields hit its highest point in over a year in the week of February 25th, at 2.52%. Mortgage rates averaged 6.24% while treasuries closed Thursday at 3.72%.
I have been tracking the spread between 10-year treasury yields and 30-year fixed mortgages since January, 2007. … (9 comments)
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associates: This week's econmic updates -- Could rates be 1% higher by June? - 02/04/08 11:20 AM
Good morning!
After a very busy couple of weeks, expect this week to be much quieter. Like Punxatawney Phil (who saw his shadow, and is back to sleep for another 6 weeks), the market looks to be substantially quieter this week than it was last week.
Here's a quick rundown of … (3 comments)
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associates: Buyers' Bonus Mortgage Program - No Principal or Interest for 6 months! - 02/04/08 11:05 AM
I wanted to share something with you today. It's a program that you might have heard of before. I hadn't made it a priority recently, as many of the lenders I recall offering it had suspended it, but one of our biggest lenders has recently reinitiated the Buyers' Bonus mortgage program. … (7 comments)
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associates: Financing By The FICO: 2007 to 2008 - 01/07/08 05:43 PM
By any measure, 2007 was a tumultuous year in the mortgage industry. Since December 2006, over 210 mortgage lenders have ended their operations, and many more mortgage brokers have closed-up shop. With so many changes having occurred from January 2007 to January 2008, I thought it would be appropriate to run … (4 comments)
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associates: What's the best weekend to get your more marginal clients signed into purchase agreements? - 11/30/07 02:50 PM
This weekend is, if a massive pricing adjustment I just received from one of our lenders spreads across the whole market.
I just received an email indicating that borrowers with credit scores below 680, along with borrowers with debt-to-income ratios higher than 50%, will be charged as much as an additional 1% … (2 comments)
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associates: Mortgage Rates Leave Treasuries in the Dust - 11/23/07 02:36 PM
I get an email every morning from a wholesale lender I've never met or closed a loan with, telling me about his take on the market. Specifically, today's email stated that treasury notes had slipped on investors renewed interest in a potentially rising stock market.
That's all very well and good, but … (0 comments)
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associates: Why I'm Thankful This Thanksgiving -- Why are you? - 11/20/07 09:09 PM
Going into my favorite holiday of the year, I want to take a moment to reflect upon 2007. It's been a good year so far, in spite of the turmoil that has rocked the foundations of the business, and I believe that much of that has to do with just a … (3 comments)
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associates: Financial Catastrophes: Divorce and your Credit: Credit Cards and Mortgages - 11/13/07 09:26 PM
"Mawage, that bwessed awangement, that dweam wifin a dweam," said the Impressive Clergyman in The Princess Bride . Clearly, he was operating in a world where substantially less than 50% of mawages ended in divorce, however, that is the reality that we face today, and it does not appear to be something … (2 comments)
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Dan Hartman
Providence, RI
More about me…
Province Mortgage Associates
Office Phone: (401) 490-4400 Ext.: 114
Cell Phone: (401) 263-8655
Email Me
Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you!
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