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Wordless Wednesday: Cold Morning - 02/23/11 02:15 PM
Have a great week!
Rob
Robert Rauf
Mortgage Banker
NMLS ID# 248937
www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf
(732)223-1630 x102
RRauf@REMN.com
Since 1987 I have been helping my clients fulfill their dream of home ownership!
Real Estate Mortgage Network Inc.
NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgages in Ocean County NJ, Mortgages in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731
… (11 comments)
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Mortgage Rates and What May Move Them This Week: February 22, 2011 - 02/22/11 01:18 PM
Don't Forget, we live in a Global Economy...
Last week was the first truly positive week we have seen in quite some time with Fannies gaining 18/32nds by the close of business on Friday. That puts highly qualified buyers back to the high 4's for a 30yr fixed, just keep in mind that a lower credit score can swing that drastically... I just ran numbers for 2 similar buyers, and there was a difference from 4.875 to 5.25% just because of a lower credit score.
This week has it's share of data and auctions to watch out for, along with global … (2 comments)
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Wordless Wednesday: How tall is it? - 02/16/11 12:18 PM
Have a great week!
Rob
Robert Rauf
Mortgage Banker
NMLS ID# 248937
www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf
(732)223-1630 x102
RRauf@REMN.com
Since 1987 I have been helping my clients fulfill their dream of home ownership!
Real Estate Mortgage Network Inc.
NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgages in Ocean County NJ, Mortgages in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731
… (13 comments)
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Mortgage Mayhem: More FHA Changes on the way. - 02/15/11 11:45 AM
Mortgage Mayhem: More FHA Changes on the way.
Attention FHA buyers: Make note of this, you have the ability to lock in a lower payment NOW!
Last week we heard from the Secretary of HUD that there would be an increase in the Monthly Mortgage Insurance premium for FHA Loans. Yesterday's Mortgagee Letter 2011-10 made it official. As of April we will have a Monthly Mortgage insurance Premium that is 25 basis points higher across the board for all FHA loans.
Here is a pretty little chart that was provided in the letter:
While 25bps doesn't sound like a lot, … (2 comments)
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Mortgage Rates and What May Move Them This Week: February 14, 2011 - 02/14/11 04:48 PM
Last week was another mixed one with a touch of good and bad news along the way. 3 year treasuries did not sell well, but later in the week the 10yrs drew strong investor demand. Fear of inflation and a strong stock market has combined to continue the up tick in interest rates that started last fall. Last week Fannies lost another 22/32nds, a big enough loss to be very noticeable as an increase in rates for the week.
This week we will continue to keep a close eye on stocks and this weeks inflation reports. Here is what we … (3 comments)
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Mortgage Rates and What May Move Them This Week: February 7, 2011 - 02/07/11 03:58 PM
Last week was one of the uglier weeks we have seen in the mortgage world, There wasn't just one bad day, every day was a bad one totaling up to a 49/32nd loss in Fannies for the week, and a significant uptick in rates. This would be the second biggest loss we have seen for a week since Early December, but even that 'worst week' had 1 positive day.
There is some good behind this bad. It takes GOOD news for interest rates to go up, and we have been getting our fair share of good news in the past … (3 comments)
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Wordless Wednesday: Summer's Backpack at Cattus Island - 02/02/11 11:23 AM
Have a great week!
Rob
Robert Rauf
Mortgage Banker
NMLS ID# 248937
www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf
(732)223-1630 x102
RRauf@REMN.com
Since 1987 I have been helping my clients fulfill their dream of home ownership!
Real Estate Mortgage Network Inc.
NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgages in Ocean County NJ, Mortgages in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731
… (15 comments)
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Robert Rauf
Toms River,
NJ
More about me…
REMN - Real Estate Mortgage Network (NJ)
Address: 16 Madison Ave, Building 2 Suite 2D, Toms River, NJ , 08753
Office Phone: (732) 557-6920 x 102
Cell Phone: (732) 740-0175
Email Me
The mortgage market is ever changing, do not be afraid to ask what is new!
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