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mortgage: Historical Chart of 30 yr fixed and Prime Rate going back to 1963 - For all those who think rates are not going up, think again... - 10/29/08 10:16 AM

This chart shows why rates are going to go up and possible where they are headed.  If rates are cyclical then this chart should provide some clarity as to where rates are head in the short term.  The one thing this chart doesn't reflect is that I believe that 30yr rates will start to act on there own away from the prime rate.  In the future the 30 yr rate will not pair itself with the prime rate.  This is due to factors effecting 30 yr rates that do not have a sever and direct effect on the prime rate.  There … (4 comments)

mortgage: Rates are going up... - 10/27/08 04:32 PM
FHA @ 7% today
30 YR Fixed just priced one out @ 6.75 and the credit was excellent
A little forwarning trying and warm your clients up to the idea that rates are going to get worse and will continue to for some unkown amount of time.  This idea of low rates spurring growth is way to late in the game to make a difference so the long postiton on rates is that once we realize growth will no longer be fueled by low rates, they will begin to rise as the market starts to stabilize the right way...Rewarding risk with return … (7 comments)

mortgage: Citi...Letter received from rep - 10/07/08 01:30 PM
Good morning.I have some rather sad news to share today. There is no more accurate was to say it.Later this afternoon you should be receiving some formal communication from CitiMortgage of their intent to dramatically change their way of doing business. This change will eliminate my position and all of the other account executive for the CitiMortgage Wholesale (broker) channel. Citi will be taking the 9,500 brokers it does business with today and reducing that number to the neighborhood of 1,000. They will then support those customers with an inside sales team going forward. I received this news minutes ago and … (3 comments)

mortgage: Covered Bond market continuation... - 07/31/08 03:28 PM
Well if you haven't already noticed Sec. Paulson has been all over touting his covered bond program, too bad he ripped it off from our over seas friends, not to worry no of us pay much attention to anyone else globally anyways...lol.  His program is being back (no surprise) by the four biggest financial companies in AAmerica...They all are about to unveil plans to follow the European suit and begin to sell covered bonds that are tied to mortgage related securities...  The new system would offer control over the underwriting process and would standardize the mortgage industry.  The bonds would be … (1 comments)

mortgage: Well folks another rocky day for mortgages... - 07/21/08 03:10 PM
It has been a rough Monday for the mortgage market.  A big wholesaler has just dropped out of the market.  Wachovia has suspended all wholesale operations.  This is another big lender to pack up shop and will have a big effect on mortgage brokers and the market.  I know a few people didn't like my last blog about rates going up but what can I say the truth hurts.  We are about to see a classic supply and demand problem.  If you think gas short up quickly wait until rates follow suit. 
THe real deal is that there is there is … (8 comments)

 

Nathan Goodman

Bozeman, MT

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Guild Mortgage Company

Address: 1925 N. 22nd Ave. Ste. 103, Bozeman, MT, 59715

Office Phone: (406) 522-8800

Cell Phone: (406) 580-0149

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