First of all, I apologize for not getting the update out yesterday! I know that a lot of you are reading this, so here is today's:The bonds opened a little flat even though we experienced relevant economic news yesterday with the existing home sales report. With regard to Wall Street, the Dow is
...
10/25/2007
Ok, folks, I would definitely suggest locking all of your loans today if you haven't done so already! Here's the update:Stocks are increasing a little which continues yesterday's recovery with the Dow up about 49 points, and the Nasdaq about 20 points up. Today, the bond market is a little stag
...
10/23/2007
I have been getting a lot of requests for New Construction financing. The clients have been telling me that they would have to get the lot first and finance the construction, then they would have to get permanent financing in place. I cannot tell you how relieved they were when I told them they
...
10/22/2007
And onto this week, folks. Today's bond market is down a little (3/32) contrary to the stocks dropped more this morning. Currently, Dow is down 52 points and Nasdaq is ahead 2 points (for now). Basically, we are looking at similar rates to Friday.There are no reports scheduled for publication
...
10/22/2007
Currently, the bond market is 23/32 up while the Dow is down 204 points and the Nasdaq is down 37 points. With this going on, we could definitely see a good amount of improvement in today's rates; most likely about .25 discount points in our favor.No reports are scheduled for release today, as I
...
10/19/2007
The bond market opened in positive territory this morning which continued yesterday's activity. The Dow is down just over 33 points currently, and the Nasdaq is down approx. 10 points. Mortgage rates should improve today by about .25 discount points to possibly just over that....maybe 3/8's. Th
...
10/18/2007
As a summary, I would still recommend to float all loans that you plan on closing until the actual closing date for right now. Please keep reading for more!Today's stock market is giong through yet another down period today while the bond market is slightly increasing. The Dow started out 91 po
...
10/16/2007
I figured that I post enough Real Estate "stuff" that it's time to digress a little bit and really hit home. My son just turned 6 months old, and it's going by extremely fast! At his appointment he was weighed in at 20 lbs 5 ounces (97th percentile), and was 28 inches long (95th percentile).Now
...
10/15/2007
Big changes on the lock/float front today. So, tune in, and away we go:Today started off a little slow with regard to the bond market even though the overall stock market had posted losses. The same can be said for the stock market as of right now; early weakness where the Dow and Nasdaq are dow
...
10/15/2007
The bond market opened in the negative after mixed economic news this morning. Stock rose slightly with the Dow up 52 and Nasdaq up 26 points. The bond is currently down 6/32, but because of yesterday's showing of strength, there will most likely be a minor improvement in mortgage rates today of
...
10/12/2007
