lake tahoe home loans: Lake Tahoe Mortgage Rate Trends & Incline Village Mortgage Rate Trends
- 05/19/14 12:17 AM
Very little obvious change in this past week's economic indicators. International currencies continued to move in close proximity with one another; interest rates barely budged; the most influential mortgage rates moved hardly at all (again); and the minimal changes to monthly retail sales data told us little.
The MBA figures for mortgage applications, though they didn't move much from last week, nonetheless suggested that the greater number of applications we've seen over the past two weeks aren't just an anomaly. We will watch to see if mortgage applications continue to rise-as they very well may, as suggested by … (0 comments)
lake tahoe home loans: Lake Tahoe Home Loans and Incline Village Home Loans
- 05/19/14 12:14 AM
This week brings us the release of only three pieces of relevant economic news in addition to the minutes from the most recent FOMC meeting. None of the economic data is considered to be highly important to the markets and mortgage rates, but they do carry enough significance to influence mortgage rates if they show a wide variance from forecasts. Tomorrow and Tuesday have nothing of importance scheduled, so look for stock movement to heavily influence bond trading and mortgage rates. Stock gains will probably pressure bonds and cause mortgage rates to move higher. If the major stock indexes show losses … (0 comments)
lake tahoe home loans: Lake Tahoe and Incline Village Home Loans - May 4, 2014
- 05/05/14 02:43 AM
This week has little scheduled in terms of economic data that is expected to drive bond trading and mortgage rates. There are only two relevant monthly or quarterly economic reports on the calendar and both are considered to be fairly insignificant. We do, however, have two Treasury auctions that can potentially affect rates in addition to a couple of congressional appearances by Fed Chairman Yellen the middle part of the week. Friday's Employment report gave us some unfavorable results that initially led to weakness in bonds, but that was short-lived as bonds moved into positive ground during late morning trading. That … (0 comments)
lake tahoe home loans: Lake Tahoe Home Loan Rates and Incline Village Home Loan Rates - April 20, 2014
- 04/21/14 01:31 AM
This week has five pieces of economic data for the markets to digest in addition to two potentially relevant Treasury auctions. It will be interesting to see what transpires tomorrow morning when the markets open after the long weekend. The U.S. markets were closed Friday in observance of the Good Friday holiday and the bond market was in heavy selling mode Thursday. The benchmark 10-year Treasury Note yield spiked from 2.63% at Wednesday’s close to 2.72% at Thursday’s early closing. That led to sizable increases in mortgage rates that could very well carry into trading this week, especially if we get … (0 comments)
lake tahoe home loans: Lake Tahoe Mortgage Rates and Incline Village Mortgage Rates: 4-6-2014
- 04/06/14 11:26 PM
This week brings us the release of only two monthly economic reports that are relevant to mortgage rates, in addition to a couple of Treasury auctions and the minutes from the last FOMC meeting that have the potential to be influential on the bond market and mortgage pricing. Corporate earnings season also kicks off this week, which could be instrumental in driving stock prices significantly higher or lower. Since stock movement often affects bond trading, we will also be watching the earnings releases from some of the bigger names and bellwethers to help gauge bond direction and mortgage rates movement. There … (1 comments)
lake tahoe home loans: Lake Tahoe Home Loans and Lake Tahoe Mortgage Loan Rates
- 03/10/14 04:41 AM
This week brings us the release of only three relevant economic reports along with two Treasury auctions for the markets to digest. Two of the three reports are considered highly important, so we could see a fair amount of movement in rates again the latter part of the week. There is nothing of relevance to mortgage rates being released or taking place tomorrow or Tuesday, so all of the week's events are scheduled over three days. The first thing on the calendar will come Wednesday afternoon. There are two Treasury auctions this week that could potentially affect mortgage rates. The first … (0 comments)
lake tahoe home loans: Incline Village Mortgage Rates and Lake Tahoe Home Loan Rates
- 02/03/14 07:46 AM
This Week's Mortgage Rate Trends - February 2, 2014: This week brings us the release of five monthly or quarterly economic reports that are likely to influence mortgage rates. The week opens and closes with key reports for the markets to digest and in between is some moderately important data. With relevant data scheduled four of five days though, we should see another active week for mortgage rates. The first report comes late tomorrow morning when the Institute of Supply Management (ISM) posts their manufacturing index for January. This index tracks manufacturer sentiment by rating surveyed trade executives' opinions of business … (0 comments)
lake tahoe home loans: Mortgage Interest Rates Trends at Lake Tahoe and Incline Village
- 01/26/14 10:15 PM
This week is packed with economic reports and other events that are relevant to bond trading and mortgage rates. There are seven pieces of monthly or quarterly economic data scheduled with at least one being posted four of five days. In addition to those reports, there is also a two-day FOMC meeting and a couple of Treasury auctions that have the potential to affect bond trading enough to slightly move rates. The week’s calendar kicks off with December's New Home Sales report late tomorrow morning. It is considered to be the sister release to last week's Existing Home Sales, giving … (0 comments)
lake tahoe home loans: Lake Tahoe Mortgage Loan Rates and Lake Tahoe Home Loans-Still Water Runs Deep
- 09/12/13 11:17 PM
Interest Rate Commentary ~ September 13, 2013 Very little that is likely to really change the direction of interest rates or to add much force to current trends—was evident in this past week’s indicators. Indeed, there was a gentle settling taking place in most markets. Gold, for example, whose price rises when fears for the credit markets and for currency exchange rates send world investors to safe havens to protect their wealth, actually eased slightly. The cost of Brent crude oil also declined, an indication that effects of the huge political uncertainties in the Middle East have been blunted somewhat—a viable … (0 comments)
lake tahoe home loans: Interpreting the New Home Sales Data
- 09/06/13 10:46 PM
The first thing worth mentioning is that there seem to be few repercussions from the surprising decline in the number of new homes sold (more accurately, entered into a contract of sale) in July. (Specifically, sales of new homes fell from 455,000 to 394,000 in July compared to June.) That this odd blip on our radar screens occurred at all, though, should bring to mind a few oddities regarding the monthly computations of new home sales.
First, the data are collected from a variety of sources, and the figures don’t all arrive in a neat package on one pre-selected day. … (0 comments)
Buying a home is one of life's most rewarding experiences. Homeownership offers a great way to build equity and create stability for your whole family. Of course, most buyers in the greater Tahoe-Truckee region must work with a mortgage banker in order to secure a home loan. When it comes to loans, it's important for potential buyers to remember that they have better chances of being approved for a loan if they have excellent credit. A buyer's credit rating can also affect mortgage interest rates. Before pursuing a home loan or working with … (0 comments)
lake tahoe home loans: Ten Things You Should Know Before Buying a Home in Lake Tahoe
- 08/26/13 12:23 PM
Ten Things Every First-Time Homeowner Should Know There's nothing quite like buying a house for the first time. Applying for a home loan and shopping for a house can be overwhelming. It's important to educate yourself before dealing with realtors and sellers. Knowing these ten essential points can help to demystify the buying process and alleviate your stress. Remember that working with a mortgage banker in the Tahoe Basin is the best way to get the inside scoop on what's happening in the local market and how it affects first-time homebuyers. Your Credit Matters Having good credit is key to securing a home … (0 comments)
lake tahoe home loans: Credit Scores Financing Homes in Lake Tahoe
- 06/22/13 02:21 AM
Why do credit scores differ between bureaus or where you pull a credit report? Credit scores can differ between bureaus because creditors are not required to report to any or all bureaus. Some smaller creditors only choose to subscribe and report a consumer’s credit information to 1 or 2 bureaus. Most major creditors will report to all 3 bureaus. Each account on a credit report should report which bureaus they report to. If there are discrepancies between bureaus, it should be easy to identity which creditors are causing the positive/negative effects. Credit scores will also differ depending on where you retrieve … (0 comments)
lake tahoe home loans: Loan Modifications affect on qualifying for a home loan at Lake Tahoe
- 06/05/13 09:44 AM
Can You Get a Tahoe Mortgage After Having Your Mortgage Modified? I have recently had several clients who have been requesting a new Tahoe Mortgage to buy a home after having a loan modified. Although the loan modification itself does little if nothing to hurt your credit score, the loan modification is a huge issue when applying for a new loan. Conforming loans which are guaranteed by either Fannie Mae or Freddie Mac consider a loan modification to be derogatory credit even if all payments were made as agreed. Most lenders providing conforming loans will require that the borrower season the modification for 48 … (0 comments)
Financing Homes In California and Nevada since 1992.
Specializing in the Lake Tahoe and Truckee area.
Steve Peterson
Branch Manager
NMLS #245017
Sierra Pacific Mortgage
888-232-7687
;)
;)
