Real estate blog entries tagged with mortgage by Sherry Connor (Fidelity and Trust Mortgage)

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mortgage: Mortgage Market Update - 4/29/08 - 04/29/08 10:53 AM

Stock slide on Consumer confidence reporting lowest level since March 2003. Bonds have been favored and the yield has pushed back down under 3.8% to 3.78%. Mortgage rates should relax this morning. Could be a good day to lock in clients.
Tomorrow FOMC meeting could bring out a Fed rate cut, if … (1 comments)

mortgage: Mortgage Market Update - 04/17/08 - 04/17/08 07:57 AM

Yesterday was wild ride with two rate increases in the middle of the day...as the bond yield shot up to 3.68% before calming down late in the day. Early this morning, Merrill Lynch reports worst than expected quarterly losses and will lay off 4000 people. Jobless Claims surged higher and I … (4 comments)

mortgage: Mortgage Market Update - 4/16/08 - 04/16/08 09:26 AM

Just when you thought I was gone, they pull me back in!
I got back from Vacation (Disney Cruise) and struggling to get above water. I quit my job on Monday (4/14) and Started at my new job the very same day. I am still in the Mortgage Business and barely unpacked from … (1 comments)

mortgage: Mortgage Market Update - 3/25/08 - 03/25/08 11:22 AM

Consumer Confidence at a 5 yr low as Housing Prices drop more than 10% in key markets. The consumer still fears the worse is yet to come with the job market low, pricing rising, and lenders tight on credit. As the prices dropped on homes for sale, the output was only … (7 comments)

mortgage: Mortgage Market Update - Reprice Improvement 2nd time today! 3/17/08 - 03/17/08 04:43 PM

At 5:25pm today - I received the second reprice for the better. While the improvement was slight - I believe it will be short lived. Tomorrow, The FED will cut the Fed Funding Rate and I am beginning to think it will be dramatic...As much as 1%. How or if this … (1 comments)

mortgage: Mid day Reprice for Jumbo Arms - 03/04/08 10:38 AM

A note to all Loan officers out there...After yesterday's forced liquidation of several institution's Arm Portfolios - you will (or already have) experienced an increase in Jumbo Arm products. We just repriced our jumbo arms higher by .75 bps moving as much as .375% on the rate depending on the ARM product. This is not … (2 comments)

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