ARCHIVED BLOG POSTS
2010
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Rate Lock Advice & Mortgage Market Update January 22, 2010, 6:30 PT RATE LOCK ADVISORY Lock Advice: FLOAT With CautionMBS prices are down -4/32. No economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news =...
01/22/2010
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Rate Lock Advice & Mortgage Market Update January 21, 2010, 1:10 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up 6/32 from Wednesday's close. Jobless Claims came in higher than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good eco...
01/21/2010
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Rate Lock Advice & Mortgage Market Update January 21, 2010, 6:30 PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices are down -8/32 from Wednesday's close. Jobless Claims came in higher than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good...
01/21/2010
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Rate Lock Advice & Mortgage Market Update January 20, 2010, 1:45 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +6/32. The PPI inflation data was mixed, while Housing Starts were lower than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the...
01/20/2010
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Rate Lock Advice & Mortgage Market Update January 20, 2010, 8:30 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +9/32. Rates are improving this AM, I suggest that new locks be held until this afternoon. The PPI inflation data was mixed, while Housing Starts were lower than expected. ...
01/20/2010
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Rate Lock Advice & Mortgage Market Update January 19, 2010, 6:45 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are down -3/32. No economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day . Good economic news = Bad Rate N...
01/19/2010
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GFE 2010 Webinar Class The new HUD required 2010 GFE is possibly the worst disclosure ever concieved and the law now requires lenders to provide this document to your clients. New Information to Help Understand the 2010 GFE Loan Officers: Not understanding this form can cost you your commission....
01/18/2010
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Rate Lock Advice & Mortgage Market Update January 18, 2010, 5:45 PT RATE LOCK ADVISORY Lock Advice: FLOATUS Financial markets are closed on Martin Luther King Day RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day . Good economic news = Bad Rate News. Natio...
01/17/2010
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90 Day Flip Rule Lifted for All Sellers Great News!!! The 90 day flip rule has been temporarly suspended for all sellers effective February 1, 2010 and the waiver shall expire one year from February 1, 2010 The text of HUDs press release is reproduced below: Pursuant to §7(q) of the Department o...
01/16/2010
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Rate Lock Advice & Mortgage Market Update January 15, 2010, 7:30 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +12/32. CPI inflation came in slightly lower than expected, RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day . Good economic news = ...
01/15/2010