Guy 's Blog

Mortgage rates moved up yesterday after the first of three treasury auctions scheduled this week failed to match expectations. Weak demand for $40 billion 3 year Treasury notes and the beginnings of a recovery bounce in stocks were cited as the driving force behind rising interest rates. There we...

Fannie Mae and Freddie Mac are now requiring that borrowers obtain a H0-6 "Walls-in" coverage policy unless the Homeowners Association can document that the master policy provides the same interior unit coverage. The master policy must include replacement of improvements and betterment coverage t...

For more than a year, the government pulled out all the stops to revive home buying by keeping the mortgage rates at historical lows.  Now, whether the housing market is ready or not, the government will be pulling out over the next two months. The Treasury stopped buying mortgage securities in D...

According to the paper today, buyers are willing to give up some of yesterday's 'I wants' in order to accommodate changing lifestyles. It is all about family togetherness, casual living and flexible spaces. The predicted 'I wants' are: Large kitchens with an island. Granite counter tops please. E...

It is an inviolate tenet of real estate. When selling a property, one must determine whether it is more important to sell a property quickly and possibly accept less money, or to hold on for a longer time to get a higher price. And one can statistically estimate for a seller what those time fram...

Not so fast...  In the short term rates couldd still slide further at least for a couple of quarters. Recent security trading seems to suggest continuing pessimism in the market that brought the average rate back to below 5% according to Freddie Mac.  Stay tune and enjoy these low rates while the...

the economy is so bad... that I got a pre-declined credit card in the mail. The economy is so bad.... I ordered a burger at McDonalds and the kid behind the counter asked, "Can you afford fries with that?" The economy is so bad... that CEO's are now playing miniature golf. The economy is so bad....

This is a great topic.  We all get calls asking for our RATES.  The problem is that most consumers do not differentiate rates from pricing. Why is this the first question that potential customers ask? Actually it's quite simple. In most cases they don't know what else to ask. This use to be a fa...

Is time running out on the long-running mortgage rates decline of 2009? While rates have been steady for a while,  the long-term outlook could look more and more like an inflationary one, which should trigger higher mortgage rates before too long. That means higher interest payments for mortgage ...

If we believe what we read from various sources loan brokers are facing a bleak future. A number of reasons are often cited: restrictions on yield-spread premium payments, new national registration requirements and licensing costs, and a general lack of interest on the largest remaining wholesale...