Lori Gray's (lgray) Blog

Wells Fargo was the first lender to raise Non Conforming (Loans above $417,000) from 6.875% to 8% overnight.  Now they have decided to lower them to 7%. Conforming rates remain low...6.250% to 6.375%.  With inventory high and seller's anxious it remains a great time to buy in the desert.   

Home loan demand up as rates tumbleNEW YORK (Reuters) - Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday. Market analysts, however, say data on mortgage applications may be artificially in...