Matthew's Mortgage Education Blog

Saving folk from ForeclosureWhere to turn if you are in danger of foreclosure?  The first place you should be talking with is your bank!How will they know you are in trouble and need assistance unless you are talking with them.  Foreclosures are at historic highs and most banks are not wanting ho...

Here are the daily thoughts on floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.Mixed bag of news today.  Personal Income Expenditures held at expected levels, though ...

Here are the daily thoughts on floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.Gross Domestic Product (GDP) was released today coming in lower than expected.  Auto Sa...

Here are the daily thoughts on floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.Today the Durable Goods report came out for December.  Good Economically speaking, the ...

Here are the daily thoughts on floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.Last week's fears and roller coaster are not yet a distant memory.  Overseas markets to...

ok - time to flagellate a deceased equine!  (Beat a dead horse)This past week was a doozy!  The Federal Reserve lowered the Fed Funds rate by 3/4% to 3.5%.  The last time we saw 3.5% in the Fed Funds Rate was October 2006!  This action by the Fed, news results of various companies stating earning...

Here are the daily thoughts on floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.After yesterday's news of unemployment numbers coming in less than expected and an agre...

 News we all know already - The Fed dropped the Fed Funds rate by 3/4 of a point to 3.5% on Tuesday.  Banks quickly matched that and dropped the Prime Lending rate to 6.5%.  Now the question is why are bonds falling and conversely mortgage rates appearing to rise? Initially, when the rate cut was...

Here are the daily thoughts on floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.News out this morning shows Jobless Claims coming in lower than expected.  I feel this ...

Here are the daily thoughts on floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.Though a slow week in terms of scheduled economic news, it has been a busy week in term...