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Mortgage and Lending - LoanOfficerSchool.com - NMLS 291249

ARCHIVED BLOG POSTS

2008 

Wednesday, Sept. 24, 2008 Mortgage rates down slightly this morning.ADVICE:  NeutralRates have entered an area where they could go one way or the other.  If the payment works for your borrower a lock cannot be faulted       FNMA 30Yr Mortgage Backed Securities (MBS) down 1.3 basis points* to 5.8...
09/24/2008
Tuesday, Sept. 23, 2008 Mortgage rates are Up again this morning.ADVICE:  Lock Market looks like it has about a week of higher rates.  The question is; if you don't lock... will rates return to current prices in time to close?       FNMA 30Yr Mortgage Backed Securities (MBS) up 7.7 basis points*...
09/23/2008
Monday, Sept. 22, 2008 Mortgage rates are Up this morning.ADVICE:  Lock for short term closingsMarket looks like we have about a week of higher rates.  The question for long term locks... if you don't lock, will rates return to current prices before time to close?       FNMA 30Yr Mortgage Backed...
09/22/2008
NEW FHA- VA MORTGAGE Pre-Qualifier and Rate Finder  Pre-Qualifies FHA and VA Buyers based on income and credit score No application required Finds maximum loan for all regions in US Shops Several Lenders for Lowest Rate FHA and VA Loans: 30 year Fixed 1 Year Fixed Adjustable Rate 3 Year Fixed Adj...
09/19/2008
Friday, Sept. 19, 2008 Mortgage rates are Up this morning.ADVICE:  Lock for short term closingsWednesday, Fannie Mae MBS Rates suffered the largest single day increase in over a year, 42.9 bps.  Rates pulled back in the afternoon but my best advice is to lock immediately in this uncertain market...
09/19/2008
Thursday, Sept. 18, 2008 Mortgage rates are down this morning.ADVICE:  LOCKWednesday, Fannie Mae MBS Rates suffered the largest single day increase in over a year, 42.9 bps.  Rates pulled back in the afternoon but my best advice is to lock immediately in this uncertain market. FNMA 30Yr Mortgage...
09/18/2008
Rates are mov'n on up. Below you will find not the most sophisticated looking tool but it does work.  It works on the theory that rates will only travel so far above or below their average price before they must spring back.  The dark line across the middle indicates the average rate.  Above the ...
09/17/2008
See what lenders have to put up with... Below is an excerpt from the FHA MORTGAGEE LETTER 2008 -23.  Originally we believed the maximum FHA Loan to Value would change to 96.50% on October 1st.  It seemed clear at the time.  Now, The new Mortgagee Letter says it will change on October 1st but will...
09/17/2008
Wednesday, Sept. 17, 2008 Mortgage rates sharply higher this morning..ADVICE:  LOCK IMMEDIATELYThis morning, Fannie Mae MBS Rates suffered the largest single day increase in over a year, 42.9 bps.  My best advice is to lock as soon as possible in this uncertain market. FNMA 30Yr Mortgage Backed ...
09/17/2008
NEW FHA- VA MORTGAGE Pre-Qualifier and Rate Finder  Pre-Qualifies FHA and VA Buyers based on income and credit score No application required Finds maximum loan for all regions in US Shops Several Lenders for Lowest Rate FHA and VA Loans: 30 year Fixed 1 Year Fixed Adjustable Rate 3 Year Fixed Adj...
09/16/2008
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Bill Ladewig

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