mortgage interest rates: Quoting Mortgage Rates.........Now You See It...Now You Don't - 03/31/08 11:01 AM
Have you ever been involved in a bidding war on Ebay and you're getting down to the last minute of bidding........you have the best bid.....and just when you're about to win the product.......you accidentally kick your plug and your computer shuts off.  "NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!" is what your kids hear as you're screaming your head off.  You frantically sign back on the computer and that pain-in-the-rear that you were at war with won the product....by bidding a penny over your last bid! 
I Welcome You to the Mortgage Interest Rate world. 
I received an email from one of my past customers saying, "Santos, I heard … (2 comments)

mortgage interest rates: Mortgage Market Guide as of Wednesday, November 21, 2007 - 11/21/07 04:30 AM
THE ELASTIC WAISTLINE PANTS ARE READY FOR TOMORROW!!!
Volatility continues in the Bond Market.  Currently, bonds are up a whopping +38 basis points so we're enjoying this news.  As of today, we are offering 30-year fixed at 6.375% with NO points and we will advise to "float" your interest rate to see if further gains come our way. 
Yesterday, Mortgage Bonds opened lower, hovered on an support floor of support throughout the day before dropping sharply right before the market close.  Unfortunately, we heard of some lenders re-pricing early in the day, which is unusual in advance of the release of the Fed … (0 comments)

mortgage interest rates: Mortgage Marked Update as of Monday, November 19, 2007 - 11/19/07 06:54 AM
 
 2 MORE FULL DAYS BEFORE THE BIG 'STUFF YOURSELF TILL YOU CAN'T STUFF NO MORE' DAY!
I, for one, will be hitting the gym extra hard this week in anticipation of Thursday's feast!  Is it bad when you're working out and you're thinking of what you're going to eat later on that day?  hahahah :) 
OK...now to business.....
The big news was from this morning - Goldman Sachs downgraded Citigroup to a "Sell" from a "Hold", saying that Citi could have to write off an additional $4 Billion due to sub-prime mortgage related losses.  This announcement has applied pressure on Stocks, which in turn … (0 comments)

 
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