Robert's Blog

Mortgage and Lending - HomeBridge Financial Services (NJ) - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.



   In last week's Tug-O-War, Stocks won and the credit markets lost.  By the end of the day on Friday Fannies lost 22/32nds for the week, the biggest lost since February 11th.  Of course as a trade off we have the Dow WELL over $12,000 again.... and if you have been keeping up with my reports, yo...
Last Friday was near perfect weather for March in NJ, flirting around 80 degrees, a perfect day to take a walk on the beach.   My Favorite beach in NJ, Island Beach State Park, About 12 miles of pristine beaches I wasnt able to capture the birds runing back and forth in the surf, but it was fun t...
   Last week gave us a little more improvement in rates with Fannies gaining about 18/32ndsfor the week we are firmly below 5% for many buyers shopping for a 30yr fixed rate mortgage.  Today the marked did try to give much of that back as stocks were rallying all day and that created a bit of a s...
       "An economist's guess is liable to be as good as anybody else's." --Will Rogers   Have a great week.  Rob Robert Rauf Mortgage Banker NMLS ID# 248937   or my blog: (732)223-1630 x102 Since 1987 I have been helping...
  After a bouncy ride last week we ended up the week UNCHANGED. That's right, absolutely no difference in price of Fannies from the close the previous week, That doesn't mean it sat flat all week, Tuesday was pretty ugly, but Wednesday and Thursday had great results for the 10yr and 30yr auctions...
     I wish I could figure out a better way to add a PDF to my blog... Not very pretty, but above is the latest news! Yes we can approve an FHA loan with Scores as low as 600.  There are restrictions for the lower scores such as: 2 months reserves Payment shock must be less than 50% (and there ne...
  Don't forget to Spring Forward! Remember to move your clocks forward one hour on March 13th at 2:00 a.m. It is going to be great to have that extra hour of Sun at the end of the day! Also, if you or anyone you know needs help with home financing, please contact us. Thanks! Have a great week.  R...
   Last week did end up being a bumpy one, but as the dust settled on Friday afternoon we ended up with Fannies being unchanged for the week. For the most part we had mostly positive news last week With both ISM numbers and the employment data all being quite a bit stronger than anticipated. This...
    Irish eyes will smile at the library   TOMS RIVER -   Judging by all the celebrations, it seems like everybody's Irish on St. Patrick's Day and Ocean County Library will help foster that feeling with some programs sure to but a twinkle in your eye. A rare, limited facsimile of the Book of Kel...
    Fourth Annual Ocean County Library FlowerFest   After record snow fall totals this winter, everyone is ready for spring and the fourth annual Ocean County Library FlowerFest will be the place to be When: Saturday April 9, 11 AM WHERE:101 Washington St, Toms River, NJ Featuring: Two special gu...

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