Mortgage Market Report for Monday January 28, 2008

Fasten your seatbelts this week.  The reports this week are Wednesday's Fed rate announcement, Thursday's Core Personal Consumption Expenditure PCE and Friday's Jobs Report.  Every one of these reports can really move the market.  Every trading day last week had a large movement as the market has been volatile.  

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The uncertainty in the market stills leads the parade.  The Fed Futures are pricing in the Fed Cut.   The predictions range from no cut at all to a 75bp cut. 

For today we recommend to cautiously float as this week' s blockbuster news is unveiled. 

For now we will float and watch carefully as things develop.

Thank you for listening to contactherrick.com.  We will have another report for you, your family, your friends and your important business contacts on tomorrow. 

A quote from Saint Augustine

"Patience is the companion of wisdom."

Roger Herrick

California Mortgage Broker

www.ContactHerrick

 
This post has been included in California Information

2 Comments on Mortgage Market Report for Monday January 28, 2008

JAN
28
2008

This could be another volatile week.  We'll just have to wait and see

11:22am • #1

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Like crashing waves.  Volatile.

1:03pm • #2

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Roger Herrick

San Clemente, CA

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Real Estate Consultant

Address: 2900 Carta Taza #100, San Clemente, CA, 92673

Office Phone: (949) 413-3725

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Roger W. Herrick has 21 years of continuous experience in the mortgage and real estate business. Educating and directing a large staff of real estate agents in the office and the field. He has continued to service thousands of cases real estate compliance, accounting review, sales, marketing and activity report generation. He has extensive experience in loss mitigation pipeline experience, all real estate brokerage functions, short sale negotiations, real estate assessment, final disposition and escrow closings. Education, certification, current experience and licensed in VA and FHA government backed loans is important. He is certified as a Direct Endorsement Underwriter and a Certified Escrow Manager. He is also experienced and updated in Desktop Underwriter and Loan Prospector Automated Underwriting systems. Mr. Herrick has supervised thousands of successful real estate transactions. He is competent and experienced in real estate brokerage negotiations and transactional experience. Performing functions such as writing contracts, escrow management and execution, pipeline management originating, processing, underwriting, funding, mortgage brokerage, mortgage banking, secondary markets, compliance and office management. He has executed various mortgage technology and Internet projects that produce significant advancements in service process and flow of information.


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