interest rates: Today's Mortgage Interest Rates - 03/25/08 10:47 AM
Marginalized. Annualized. Economically isolated. Indicators. Mean reversion. Seasonally adjusted. Negative growth. Queuing ... now there is an interesting economic term. About two years ago a colleague suggested to me and a small group of three or four others that he believed the prime lenders may be positioning to wipe out all … (0 comments)
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interest rates: People Get Ready - There's A Train A coming - 03/19/08 02:15 PM
You DO need a ticket to climb on board.
It is the beginning of the Spring buying season and while there is an excess of inventory in the marketplace the worst problem is the loss of the secondary market which should come back over the next couple of weeks with the release … (8 comments)
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interest rates: Improving Interest Rates and Other Market News - 03/12/08 03:33 PM
YOU HAVE NO EXCUSE NOT TO BUY A NEW HOME TODAY - AT LEAST LESS OF AN EXCUSE
A must read for anyone who depends on mortgages and finance to buy or sell a home.
It's always good to see the rates in the fives. What is strange is why buyers wait "for … (5 comments)
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interest rates: Market Update - Mid-day March 11, 2008 - Why Isn't It Getting Better? - 03/11/08 02:15 PM
Behind the scenes of the interest rates and market today are some strange goings on as well as some interesting discussion. One of the hot topics today is how the rating agencies will be involved in untangling the credit crisis, devaluation of the dollar and destruction of consumer confidence. Why the … (6 comments)
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interest rates: Georgia Mortgage Rates - Mid-day March 10, 2008 - 03/10/08 02:17 PM
Talk about movement in the rates! At least what we have seen so far is just a downward trend. The market has been in such motion today that I didn't even do the live video stream because I was too busy modifying the rates.
Even the financial news today is mixed. From … (1 comments)
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interest rates: Just Who Says I Am In A Declining Market? (Video Market Update, Too) - 03/04/08 12:28 PM
Who determines declining markets? Simple: the mortgage insurance company - usually. MGIC, Radian, RMIC, Genworth ... the list goes on. Mortgage insurers have "taken a beating" with declined value properties over the last several months as well they should have. You see they were simply another component to carry the blame … (0 comments)
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interest rates: The Empowerment of Active Rain - Tools For Winning! - 03/03/08 11:18 AM
You will be empowered to win! Ask me why I am still excited! Wait, no need to ask, I'll just write it here. You see I still think the United States of America and our allies are the greatest nations in the world and history of mankind. I also still thin … (4 comments)
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interest rates: Friday Real Estate Forecast Looks Great For This Weekend - Video Included - 02/29/08 01:59 PM
If you or your clients have been "on the fence" this weekend may be one of the best weekends to move forward that we have seen or will see for a while. Rates are very low today and if they go into the weekend unchanged should emerge Monday just as strong. … (7 comments)
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interest rates: Huge News In Mortgage Interest Rates Today - Sharp Drop Early AM - 02/28/08 11:17 AM
Today's Mortgage Interest Rates for GEORGIA HOME LOANS Effective 11:15 AM EST February 28 MUCH IMPROVED ▼ You can always check daily rates here and they always are with no discount points and show the APR. NEW DAILY SCHEDULE HTTP://JUSTIN.TV/REIBROKER Topics include the real estate market in general, interest rates, short sales, … (3 comments)
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interest rates: Monday Afternoon Mortgage Rate Report - 02/25/08 01:07 PM
Let's start out by once more addressing the difference between BankRate.com rates and real rates. BankRate.com is not a lender or broker - they are a financial media website. The information posted to their website is not guaranteed accurate and there is no specific lender to stand behind it. Basically, in … (1 comments)
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interest rates: Friday Rate and Market Update - Weekend Outlook - 02/22/08 11:30 AM
You have finally made it to another weekend! Sales will be either better, flat or worse this weekend and I can predict that with100% accuracy. What you know tomorrow that you didn't know yesterday will be of great value to you as you speak with clients! One major word about the … (3 comments)
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interest rates: Mid Afternoon Mortgage Rate Update - 02/21/08 02:02 PM
So I was a bit slow today! Not really, just busy.Stocks are down sharply which is usually good news for mortgage interest rates. What's even better is to have stock down and bonds flat or up. What's good for inflation is good for interest rates. So today, with the Dow down … (0 comments)
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interest rates: Live Today 4PM Eastern - And Rates Update in This Post - 02/20/08 12:26 PM
Join me this afternoon LIVE online at HTTP://VIRALREALESTATE.COM for streaming video addressing the current market situation and outlook, answering questions about short sales, how lenders determine which markets are declining and more. We're going to talk about why even excellent borrowers can no longer get a loan from some lenders.This morning, … (1 comments)
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interest rates: Mortgage Rate Update - Mid-day February 19, 2008 - Market Worsens - 02/19/08 11:30 AM
The mortgage interest rates rose sharply this morning, as we predicted on Friday they would, so if you didn't lock you just lost at the game. The good news is rates are still historically low compared to the last 3 decades. Other important news includes the elimination of the Go Fast … (4 comments)
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interest rates: Media Correction: 100% Financing *IS* Still Available - 02/18/08 02:51 PM
100% Financing IS Still Available and at decent rates - fixed for thirty. This product IS available in some areas of Florida. Every time I hear some blabbering mouth from the news media talking about how 100% financing opportunities are gone I really want to reach my hands through the toob, … (8 comments)
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interest rates: Georgia Mortgage Rates - Mid-day February 14, 2008 - 02/14/08 01:11 PM
*** UPDATE ***At 2:00 PM the market conditions were improving so we expect pricing to come down later in the afternoon or early on Friday morning. Check for updates at http://novationmortgage.com/ Georgia home loans just got a little pricier this morning. 30 year fixed rates are up .25% over yesterday while 15 … (3 comments)
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interest rates: Georgia Mortgage Rate Report Friday, February 8, 2008 - 02/08/08 01:00 PM
Folks, call your Novation loan officer today and get pre-approved. Then pick up the phone and call one of the Georgia or Florida agents listed below and go shopping. Deals abound and as you can see money for mortgages is just as cheap as it can possibly be and I will … (2 comments)
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interest rates: Why To Buy NOW - 12/04/07 10:12 AM
Reasons to buy can easily be separated from market conditions. For example even in a war torn world or impoverished nation it really doesn't matter the stability of the economy, the condition of the government or the value of housing, people need shelter and land. They need land to grow food … (10 comments)
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interest rates: Respectable Market Gains This Week - How Will This Help You? - 11/30/07 05:01 AM
If you're a buyer it will possibly boost your confidence. If you're a negative minded person you'll pupu the thought that it just may mean something positive. If you're a seller it may make you hold out for a better offer. If you're a mortgage person it may mean there are … (7 comments)
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interest rates: Advertised Rates (a.k.a. Adverliesments) - 11/20/07 11:29 PM
The mortgage industry has taught people a bad thing and people eat it up like free cake and ice cream. Why do you think lenders and banks are so quick to advertise their interest rates? Think about it, seriously, think about why that would be the number one question on your … (6 comments)
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interest rates: How To Compare Mortgage Quotes - 11/17/07 12:22 PM
First let me show you how to get burned: 1. Believe the ads you see, hear and read. Especially the "no closing costs" ads or the "it's a racket, it's a rip-off" or "no one else can do what we do" ads. 2. Let someone else such as a real estate … (11 comments)
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interest rates: Housing Values to Fall 12% to 15% Every Year For Rest of This Decade - 10/01/07 01:19 PM
Recovery may not begin until 2011 or 2012 and will inflict serious damage on the nation's economy in the mean time. This spiraling down of American false-wealth and over extension of credit may be the final blow before ultimate national failure across all sectors of the economy. Sales of every consumer … (5 comments)
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interest rates: Feds May Not Lower Key Rates ... So? Who Remembers the 1970's and early 80's? - 09/10/07 09:46 PM
There is a lot of concern about what the feds may do with key interest rates at their next opportunity to raise or lower them. (Hint: rates are still historically low)
Most borrowers today do not remember the 16% or 18% rates of the late 1970's ... I do. People still bought … (5 comments)
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interest rates: Program Updates (Thanks for ALL Your Emails - Here Are Your Answers) - 08/15/07 10:38 AM
Clarification - we are licensed only in Georgia and Florida (we were previously licensed in all 50 states but that doesn't mean anything and it doesn't help us service our clients any better). I don't know about anyone else's programs because everyone is changing regularly including agency loans (FNMA/FHMLC)Thank you everyone … (0 comments)
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interest rates: Deeper and Deeper and Deeper We Go - 100% Investor Rate Hits 17% Interest - 08/09/07 10:58 AM
The loan holdout for 100% investor financing just announced a rate change. But let's go backwards ...In January of 2007 if you had a 620 middle credit score and could not document your income or assets I could get you 100% investment (non-owner occupied) money at about 9% blended rate on … (4 comments)
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interest rates: Three Reasons to Sell NOW! - 06/09/07 03:24 PM
If you have never read my writings you may need to do so after reading this so you will better understand the horse to which belongs this mouth. More specifically I am writing from My Own Little World. In other words what I write here is applicable to many areas in … (1 comments)
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interest rates: (Un)Fair Lending Acts And Your Loss of Rights (Also Called Predatory Lending Laws) - 01/11/07 05:17 PM
Back in 2001 we changed directions. Originally we had been known as "Home of the American Dream". We enjoyed our reign as champion of purchases for homebuyers who could not find an affordable loan for which they could qualify. Following the challenge by President Bush to put 10,000,000 new families in … (5 comments)
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interest rates: Hard Money Basics - What, When, Why, and Where? - 12/27/06 10:22 AM
One of the more frequently asked questions from new investors and real estate agents is, "What is hard money?" The answer is much less mysterious than when and why to use hard money. Hard simply means it is tied to a "hard" asset such as real estate, gold, silver, etc. For … (4 comments)
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interest rates: If You Can't Beat Your Competition, Lie To Your Clients - 10/30/06 04:38 PM
Why does it seem this has become the motto of my own industry? If you live in one of the towns where JS from LF advertises heavily on the radio you've heard him say "Don't give a broker another penny of closing costs to refinance! It's a racket! It's a rip-off! … (1 comments)
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interest rates: Risk, Rate, LTV - 08/28/06 03:34 PM
I use this chart in every seminar to explain why you just can't expect to borrow 100% for an investment price for the same amount you can borrow 80% of the value of your own home. Funny thing is, some people still don't get it!It's a simple illustration of Risk, Rate … (0 comments)
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interest rates: Blowing Deals Because of Interest Rate - 07/26/06 10:35 AM
Maybe you haven't noticed but you will from now on. The mortgage banking industry, one of the most highly regulated industries in the nation short of prescription drugs and weaponry, continuously shoots itself in the foot. How so? By advertising and selling off one of the most volatile components of a … (0 comments)
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interest rates: Can I borrow at the rates I see quoted in the media? - 07/24/06 06:36 PM
Probably not. The quoted rates are based on numerous assumptions, such as that your credit is good, you have enough income to qualify, you can document your income and assets, you will occupy the house as your primary residence, and on and on. If you don't meet all the assumptions, your … (0 comments)
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