jeff pickering: Mortgage applicants rejoice!
- 09/08/08 12:09 PM
Mortgage applicants rejoice! Sunday's federal takeover of Fannie Mae and Freddie Mac will likely translate into lower mortgage rates and greater availability of credit, experts said. Rates could drop by 1 percentage point from the stubbornly-high 6.39% for a 30-year fixed rate mortgage. Mortgage rates borrowers pay are dependent on the yields that investors demand when buying mortgage-backed securities from Fannie and Freddie. Investors' doubts about the companies' viability have sent interest rates on those securities soaring. Despite regulators' July promise that they would step in to save the mortgage companies, investors are still demanding rates of 2.25% to 2.45% above … (1 comments)
jeff pickering: HBM Tip of The Week
- 08/20/08 11:35 AM
-- Click on the film strip or text link above and turn up your volume to view your video email from Jeff Pickering. Have you ever lost a client that was a sign call, internet lead, or any other cold lead? I know I have and it makes me crazy! I have been using this system for over seven years and it has helped me and my business partners capture and convert more clients. I would like to opportunity to share this with you and create the opportunity to do more business! For more info on HBM please call me 623-551-9360
-- Click on the film strip or text link above and turn up your volume to view your video email from Jeff Pickering.
Today's only economic data was the release of Employee Productivity and Costs for the second quarter. It showed an annual rate of 2.2%, falling short of analysts' forecasts of a 2.5% pace. However, this was close enough to expectations that the difference is not the cause of this morning's small bond losses. It is stock optimism that is restricting gains in bonds during early trading.I would not be surprised to see additional movement in mortgage rates later today as investors settle their positions before the weekend. It has been a fairly volatile … (2 comments)
jeff pickering: Down payment Programs (reach out to your data base)
- 08/04/08 09:26 AM
Happy Monday! I am here to help all of our Family, Friends and Clients throughout this sea of changing financial news. Please let me know if there is someone you would like me or one of my financial advisors to do a free consultation with to go over all options available. The President signed HR 3221, the new law will change how loans with Down Payment assistance are Allowed. Please call me if you have anybody you would like me to discuss options with. This is something to take notice of, we all know someone who may need to take advantage of these … (0 comments)
jeff pickering: Hope for Homeowners plan
- 07/30/08 09:42 AM
As anticipated, President Bush signed the Housing & Economic Recovery Act into effect today. This has huge impact on our current business, both good & bad. The good being that we may again see some increase in conforming loan limits, depending on the metro area. The bad, obviously the Down Payment Assistance programs will be eliminated, yes, ELIMINATED, effective 10-1-08 AND the minimum down payment for FHA loans is being increased from 3% to 3.5%. If you have buyers ‘sitting on the fence', and they are in need of DAP, use this opportunity to stress the sense of urgency. Please take … (0 comments)
jeff pickering: Partnering with the Pickering Group:
- 07/29/08 06:06 PM
•· Monday Service Check in- Each week you can expect a call from a loan partner on our team to ensure you are being ‘over' serviced. As with our clients it is our goal to exceed expectations, as our partner expect nothing less. We will be contacting you on Monday's to see who you may have met over the past week that we can assist with a mortgage.
•· Tuesday Status Grams- As an ongoing effort to service our referral partners our team will send you a Video email on the progress of any loans in process that you … (2 comments)
jeff pickering: Mortgage News!
- 07/25/08 01:04 PM
-- Click on the film strip or text link above and turn up your volume to view your video email from Jeff Pickering. Friday's bond market has opened in well in negative territory as traders erase a sizable rally in bonds yesterday. The stock markets are in positive territory after their large sell-off yesterday helped fuel the bond rally. The Dow is currently up 51 points while the Nasdaq has gained 17 points. The bond market is currently down 16/32, which will erase yesterday's late rally and prevent much of an improvement in this morning's mortgage rates.None of today's economic news did anything to help bond prices or mortgage rates. The first was June's Durable Goods Orders that showed an increase … (2 comments)
jeff pickering: NEW HOUSING BILL UPDATE - effective Oct 1st
- 07/25/08 09:20 AM
This is something to take notice of, we all have clients that may need or know someone who may need to take advantage of these programs pleas get on the phone with you clients and ask them if they are ready or do they know someone who is! This alone should help you create more oppurtnities to get additional business now! Congress is working to pass a new housing reform bill to help stimulate the recovery of the housing industry. The House and Senate have reached an agreement on the omnibus Housing bill. The House has already voted it's approval on the … (3 comments)
jeff pickering: Ameridream and other DPA's going away!
- 07/23/08 04:44 AM
I recieved this email this morning, Ameridream and other DPA's are going to go away! These programs are great for first time home buyers and other qualified clients. I feel it is important to act on behaf of our clients to protect the programs that have been established to help good, qualified clients own a home! I have few clients who need these programs but for the ones who do these are great options, DPA's are not for every client in my opinion but for the people who truly deserve the help. If you think it is worth keeping these types of programs call … (4 comments)
WHAT HAPPENS NEXT??? Thank you for applying for your home loan with the Pickering Group. It is our intent to provide you with the best possible service and to close your loan on schedule. In order to clarify communications and expectations, we have briefly outlined the process of getting a home loan and what to expect in the next few weeks. AFTER THE APPLICATION We will check your file for completeness and will follow up as needed. Your file is then given to Jeff who will review the package to ensure that all documentation needed is in the … (0 comments)
jeff pickering: Definition Of A Credit Report
- 07/22/08 03:46 AM
What is a credit score? It is a number that helps banks and other creditors know the chances of somebody repaying a loan. How do credit scores help you? Allows people to get loans faster, credit decisions are fairer, older credit problems count for less, and more credit is available. How many credit scores are there? Three. Each of the three credit bureaus has a different scoring model. Creditors typically use the middle of the three. What do credit scores consider? Payment history - 35% Amounts owed - 30% Length of credit history - 15% New credit - 10% Types … (1 comments)
jeff pickering: NEVER DRIVE IN THE RAIN WITH YOUR CRUISE CONTROL ON
- 07/21/08 02:57 AM
This was sent to me from my uncle last week, he sends so much stuff I rarely read it but this one looked different so I opened it to read! I do this all the time so I thought other people may as well.
Wonder how many people know about this? A 36 year old female had an accident several weeks ago and totaled her car. A resident of Kilgore , Texas she was traveling between Gladewater & Kilgore. It was raining , though not excessively, when her car suddenly began to hydro-plane and literally flew through the air. She was not … (4 comments)
Mortgage applicants rejoice!
;)
;)
