mortgage rates: Tip of The Week - 08/21/09 05:02 PM
Hi, this is Gerard Ladalardo of First Mortgage Corporation right here in beautiful Temecula, California and I’m here with your tip of the week. Ok, I have two great tips for you this week. First tip – Foodio54. That’s right, not Studio 54, but www.Foodio54.com This is a very clever website whether you use it locally or while traveling. On this website you can put in a zip code and what type of food you are looking for whether it is Japanese, Mexican, Pizza, Indian, Barbeque, whatever and it lists all the restaurants within a specified radius that has your specified … (1 comments)

mortgage rates: Tip of The Week - 08/21/09 05:00 PM
Hi, this is Gerard Ladalardo of First Mortgage Corporation right here in beautiful Temecula, California and I’m here with your tip of the week. Ok, I have two great tips for you this week. First tip – Foodio54. That’s right, not Studio 54, but www.Foodio54.com This is a very clever website whether you use it locally or while traveling. On this website you can put in a zip code and what type of food you are looking for whether it is Japanese, Mexican, Pizza, Indian, Barbeque, whatever and it lists all the restaurants within a specified radius that has your specified … (1 comments)

mortgage rates: Mortgage Rates Now Up A Full Percentage From March - 06/10/09 05:27 AM
Mortgage rates have risen a full 1% from March. Putting in question the prospects for a quick recovery to the housing market, the Mortgage Bankers Association reported this morning that loan application activity for the first week of June fell -7.2% compared to the prior week.  They also reported that the average rate for a 30-year fixed mortgage rose +0.32% to 5.57%. 
This marks the second week in recent months where fixed mortgage rates have exceeded the 5% mark, nearly a full 1% higher than the March bottom of 4.61%, puts them at the highest level since November 2008.  Industry experts fear … (0 comments)

mortgage rates: Looking For The 4% 30 Year Fixed Mortgage Interest Rate? - 03/19/09 11:33 AM
Right off from the start- YES 4% on a 30 yr fixed rate is avaiable today!- but the cost is approx. 2.5points!! (EX: one a $250,000 loan 2.5 points would be $6,250 and then add closing costs!!!)
Let's get realistic here. The recent frenzy has been about mortgage interest rates going to an incredible low fixed 4%- according to the media, they are stirring this out of proportion and they don't really understand the "nuts and bolts" of how the monetary system works.
The Federal Open Market Committee (FOMC) announced yesterday that they would purchase an additional $750 BILLION DOLLARS of agency … (0 comments)

mortgage rates: HOMEBUYERS / RATESHOPPERS - AVOID THIS COSTLY MISTAKE - 02/07/09 07:57 AM
If you've been following the financial news recently, you've probably heard that the Fed has been buying Mortgage Backed Securities and has plans to do so as needed. Unfortunately, some media outlets have mistakenly reported that these purchases will continue to cause rates to drop lower in the near future and even into the summer. I don't think I have to remind you how the media usually is out of touch and literally spins things out from the actual truth. It is possible that rates may go down in the near future, but don't believe that the government can just set … (0 comments)

mortgage rates: How Long Is Your New Mortgage Rate Quote Good For? - 02/02/09 01:48 PM
According to W.F. lending - 3 hours and 28 minutes
Mortgage rate volatility returned last month after a relatively slow December, 2008.  Multiple rate sheet days outnumbered single-rate-sheet days nearly 4-to-1 from lenders in January, 2009.  For home buyers and refinances elsewhere, quickly changing mortgage rates definately complicates the mortgage shopping process.
What is a rate sheet? A rate sheet is a mortgage lender's "price sheet" according to the current market at that time. Mortgage rates are based off the mortgage backed securities - which are mortgage bonds. Products such as a 30-year fixed rate mortgage, 15 year fixed mortgage, FHA & VA loans and … (0 comments)

 
Gerard Ladalardo (Black Ops Outfitters)

Gerard Ladalardo

Aliso Viejo, CA

More about me…

Black Ops Outfitters

Office: (949) 478-5564

Mortgage & Real Estate Blog


Links

Archives

RSS 2.0 Feed for this blog