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Mortgage and Lending - Bay Equity - Bay Equity NMLS #76988
My blog will try to provide you insights into mortgage lending, my prospectives into the real estate market and general information. I provide this based upon my 39+ years in the real estate, building and now for the past 23 years the mortgage industry.

ARCHIVED BLOG POSTS

2009 

The housing market got another dose of good news yesterday.  According to the National Association of REALTORS, the number of homes sold in May increased for the third straight month and the national housing supply fell by 5 months. Furthermore, first-time home buyers are accounting for nearly o...
06/30/2009
The Federal Reserve begins its scheduled two-day meeting this morning. It's one of 8 scheduled meetings for the Federal Open Market Committee this year. When the FOMC meets, it discusses the financial and economic conditions around the country and, when appropriate, the group makes new policy me...
06/30/2009
Mortgage markets finished out the week unchanged last week but that's not to say that mortgage rates stayed flat.  From day-to-day, mortgage rate shoppers were on a veritable roller coaster. Monday and Tuesday, rates dipped. Wednesday and Thursday, rates surged. Friday, rates retreated. Overall, ...
06/30/2009
Mortgage rates are suffering through another volatile week, causing problems for rate shoppers and home buyers. After falling Monday and Tuesday, mortgage rates surged Wednesday and Thursday.  The momentum higher appears to be carrying into the weekend, too. There are several data-related reasons...
06/30/2009
Moving to a new metropolitan area requires adjustments.  There's new streets to learn, new weather patterns to get used to, and new social cultures to assimilate. There's also new costs. Just like home values vary by area, so does the Cost of Living.  To visit a doctor in Chicago, as an example,...
06/23/2009
After being range-bound since the start of the year Housing Starts unexpectedly jumped in May, surprising analysts and Wall Street. It's the latest in a string of housing-related data that suggests a real estate recovery is already underway. Housing Starts is an important statistic for a number ...
06/23/2009
Americans are feeling better about their budgets right now, raising the possibility of a full economic recovery. According to a University of Michigan and Reuters, Consumer Sentiment rose for the fifth straight month in June. Consumer Sentiment is now at its highest levels since September 2008, ...
06/23/2009
The mortgage market roller coaster continues.  Markets worsened badly in the early part of last week, before rallying into Friday's close.  Overall, mortgage rates were slightly higher for the week even though -- briefly -- they rose to levels not seen since November 2008. Last week marks the thi...
06/22/2009
Visit msnbc.com for Breaking News, World News, and News about the Economy When finances are tight, homeowners are often forced to choose between making home repairs right away, and putting them off until finances improve. Some repairs, though, become more expensive if not tackled on the double. ...
06/22/2009
The Pareto Principle is a statistical concept most commonly known as the 80/20 Rule.  It says 80 percent of the effects come from 20 of the causes. Apparently, the 80/20 Rule applies to foreclosures, too -- at least according to data compiled by foreclosure-tracking firm RealtyTrac. Based on dat...
06/22/2009
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