June 23rd Market Update: Home Sales? Yikes! - 06/23/10 11:38 AM
Good Morning,
 
Well, the negative economic news seems to be continuing and that is having a big effect on keeping interest rates at an amazingly low pace. New Home Sales have been measured every month since 1963.  Sometimes they are good, other times, well, not so much.  The worst new home sale data came back in September of 1981 with 338,000 homes sold (as a gauge last month was 446,000 and considered an ok month given the housing market over the past few years. 
 
Ok Matt, what are you saying here? If you haven’t read the linked story, … (0 comments)

Are you sick of these updates yet? - 06/16/10 11:53 AM
Good Morning, So, here’s the question. Are you finding my weekly market updates helpful. What do you like or hate about them? The main goal is always to keep you apprised of where interest rates are trending from week to week but I try to keep you up to date on the how’s and why’s of this as well. So feel free to shoot me a reply and let me know your thoughts. Rates: 30 year fixed at 4.625% and the 15 year at 4.125%: As always rates change with individual credit scenarios and programs, with credit in the mid 700s … (2 comments)

Short and Sweet Market Update - 06/09/10 12:02 PM
Good Morning,
 
I have a new niece! Olivia Michelle Royer was born in Honolulu on June 6th.  Parents and baby are doing great!  Rates are below and for any clients/friends/family that are dealing with foreclosure, this is a good article on the mortgage modification scams going on and how to avoid them.
 
Rates: 30 year fixed at 4.50% and the 15 year at 4.00%: As always rates change with individual credit scenarios and programs, with credit in the mid 700s and a 20% down payment these rates are what you should be seeing.
 
Have a great week!
 
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June 2nd Market Update and Summer babies! - 06/02/10 10:40 AM
Good Morning,
 
Rates took a huge hit last Thursday when China expressed their interest in supporting European bonds, giving many investors that had been putting their money into our bond market the confidence to start moving money back overseas…when money flows into mortgage backed securities rates go down, when it goes out, rates go up.  We have seen the damage of this taper off the past few days but the trend is veering towards a rise in interest rates again.
 
In the meantime, I am sitting and awaiting news that Shannon and I are to become Aunt an Uncle … (0 comments)