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Mortgage and Lending - American Pacific Mortgage - Corporate NMLS 1850
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 national housing supply fell to a 2-year low last month, according to the National Association of Realtors®. At the current sales pace, existing home inventories would sell out in 7.8 months -- 30 percent faster versus November 2008. For a 10-month window, that's a major housing supply reduc...
10/27/2009
Mortgage markets were volatile last week, making it very difficult to shop for mortgage rates. On most days, lenders issued multiple rate sheets with the trend putting rates higher in the morning, and lower in the afternoon. Overall, mortgage rates were unchanged on the week. It broke a three-we...
10/27/2009
According to the government, home values edged lower last month. The Federal Housing Finance Agency's Home Price Index report shows values down by 0.3 percent from the month prior -- the index's first down month since April. The Home Price Index is based on the value of homes financed via Fannie...
10/27/2009
With crude oil at its highest levels since October 2008, retail gas is up 8 cents per gallon this week. It's bad news for home buyers and mortgage rate shoppers.  The same force that's driving oil higher is linked to rising mortgage rates. We're talking about the weakening U.S. Dollar which is n...
10/27/2009
Housing Starts on single-family homes gained last month, marking the 8th time that's happened this year. A "Housing Start" is a home for which the foundation has been excavated and, considered alongside other key market metrics, September data suggests that the housing market stabilization is co...
10/21/2009
The new Good Faith Estimate makes its debut January 1, 2010. Expanded from 1page to 3, the legislators responsible for the new Good Faith Estimate want it to be simpler for homeowners and home buyers to understand than the former version. By most accounts, Congress will meet this goal.  The new ...
10/21/2009
Mortgage markets worsened last week on better than expected economic data, causing mortgage rates to rise. Last week was the third consecutive week that mortgage rates moved higher and, since touching a multi-month low in early-October, conforming mortgage rates are up by about a half-percent. It...
10/21/2009
Mortgage rates are higher after the Federal Reserve released the internal notes of its September 22-23, 2009 meeting. Known as the "Fed Minutes", the report details the conversation and cross-currents that led to the Federal Reserve's decision to vote "unchanged" on the Fed Funds Rate after its ...
10/21/2009
For the seventh consecutive month, foreclosure activity in the U.S. was dominated by a tiny subset of states. As reported byRealtyTrac.com, more than half of September's foreclosure-related activity occurred in just 4 states: California Florida Nevada Michigan These states represent just 22.05 p...
10/21/2009
Mortgage markets worsened last week as investors responded to a recovering global economy.  Despite briefly touching their lowest levels since May, mortgage rates ended the week dramatically higher. It's the second straight week that rates soared on a Friday. For several months, Wall Street has b...
10/14/2009
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David Kosmecki

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