Ar_home_b_search
 

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 were a few reports of lenders recalling rate sheets, but for the most part, reprices for the worse were not widespread, but time is running out for mortgage loan borrowers.   

Guy Barre

Senior Mortgage Advisor

guybarre@gmail.com

Office: 310-454-6061

Cell: 310-849-3656

Fax; 310-459-07683

In California www.jumboloans.com

Nationwide www.realprohomeloans.com

 

 
Posted by Guy Barre on 02/10/2010 07:19 PM   Comments (1)   Mortgage Rate Alert in the ActiveRain Channel   mortage rates, mortgage news  
Generate short URL

Lenders now require Condo Owners to maintain a H0-6 "Walls-in" insurance policy
Guy Barre
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…
Federal support for mortgage rates may be ending soon.
Guy Barre
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…
Today's top 10 new home 'I wants"
Guy Barre
Via Janice Ankrett ASP (Janice Ankrett Home Staging) : 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…
Time v. Money. It applies to both sellers and buyers.
Guy Barre
Via Richard Weisser Coweta Fayette Real Estate : 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…
Higher Mortgage Rates Soon?
Guy Barre
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…
The Economy, How Bad Is It....
Guy Barre
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…
"What's the Rate?"
Guy Barre
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. Via Jay Beckingham (Allied Home Mortgage Capital Corp. ) : Why is this the first question that potential…
Are mortgage rates poised to rise?
Guy Barre
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…
Are Loan Brokers A Dying Breed?
Guy Barre
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…
 
Dsc_0025_smaller_

Guy Barre

Los Angeles, CA

More about me…

Address: CA

Cell Phone: (310) 849-3656

Email Me



Links

Archives

RSS 2.0 Feed for this blog