Mortgage Market Report for Thursday March 27, 2008

Bonds are testing the floor of support.  The Initial Jobless Claims are were reported slightly better than last week.  The four week moving averages remain at levels see prior to each of the past two recessions. 

The stock prices are dictating the movement of bonds and they compete for investment dollars.   The bonds have  a floor of support at the 50 day moving average.  Hopefully, we will remain above this important support level. 

We will keep you advised as this new conforming jumbo loan limit is released. 

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

This quote is a Japanese proverb 

"One kind word can warm three winter months."

Roger Herrick

California Mortgage Broker

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www.ContactHerrick.com

 
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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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