Mortgage Market Report for Wednesday March 26, 2008

Today New Home Sales for February were as expected lower and now the number of sales is the lowest level in 13 years.  The stock market is sagging and again placing favor on bonds. 

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Later today, Chicago Fed President Charlie Evans and Dallas Fed President Richard Fisher is scheduled to speak at 1:30 Eastern Time. Mr. Fisher did not agree with the Fed cuts and has rocked markets with his warnings in the recent past. 

The bond market is being moved by the stock market as investment dollars try to find their comfort level.

The new conforming limit is in place but the lenders are tangling with this Conforming Jumbo pricing.  It is no were near the actual conforming rates.   I will keep you advised as this is investigated. 

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

A quote from Eleanor Roosevelt.Go to fullsize image

"People grow through experience if they meet life honestly and courageously. This is how character is built."

 

Thank you.

Roger Herrick

http://www.contactherrick.com/

Mortgage Broker

 
This post has been included in California Information

1 Comments on Mortgage Market Report for Wednesday March 26th, 2008

MAR
26
2008
 I know that news is news, but so many times all that seems to get put out is the negative news.  If we all begin to look at the positive side of this market, we would find the market much better and our tranactios would pick up.  If we keep telling both side of the transactions that the market is so bad, they will believe it and not want to get into the middle of it, yet if we tell them that "I have a handle on your market", they just might believe the professional standing in front of them and make that decision to move forward.  I know the market I am in currently is picking up and when I answer the question about how the market is, I answer with the positive excitement of someone that has experienced the market actually moving forward and upward.  We, as the professionals we are, can really have an impact on the market we participate in.
1:55pm • #1

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Roger Herrick

San Clemente, CA

More about me…

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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