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Mortgage market and interest rate commentary for Monday September 27, 2010

Mortgage and Lending with PrimeLending NMLS 135370

September 27, 2010 04:41 AM

Below is my daily video update on the mortgage market and interest rates. My name is Bruce Brown, CMPS (Certified Mortgage Planning Specialist) with Pulaski Bank Home Lending in Kansas City. I am the radio host of Dollars and Homes on KCMO Talk Radio 710.

I also have a written blog (courtesy of Bring the Blog) that addresses timely topical issues related to mortgage financing and interest rates that can be read here.

Click the video link to view my daily video market update. If you have any questions or topics you'd like me to address on my video blog or radio show let me know and I'll be happy to do so!

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Mike Morrison

Will & Will Real Estate Brokers, The Woodlands, Texas - Houston, TX

Bruce great vid. I want your input. How many agents do you think understand the following or even have the slightest clue what you are talking about?:

QE ?

Bond Auction

Supply & Demand (right or left shift curves, graphs for lack of a better term)

Bruce, your vid is exactly what agents need. I follow 10-16 indexes that affect my market area. I work with investors exclusively. Our offers for property will usually reflect the extracted data from my due diligence. However, the Selling agent gets all pissy and considers the offer "low ball", when in fact it reflects a "true value". When I try to explain or show the other agent how I arrived at the offer price, I usually get "what's this got to do with the low-ball offer"? Who told agents and sellers that real estate would always appreciate?

Bruce this isn't rocket science. Help me out here.

Sep 27, 2010 06:21 AM

Bruce Brown

PrimeLending - Kansas City, MO

Branch Manager/Senior Loan Officer/CMPS

Very few obviously. I work with a number of agents my daily updates go to that do however. I try to not get to deep with data or info but just let them know the types of things that make the markets move or to explain to them why the markets move. My updates go out each day to about 125 agents in my market who have an understanding enough to know that their clients need to talk to me if they've got questions or need advice. You're right, this is not rocket science but 5-10% of people in our industries truly are experts. Hell, it might not even be that high. It makes dealing with them tough, huh?

Sep 27, 2010 06:31 AM

Thanks for the feedback. Just as I suspected. Bruce, stay in touch.

Sep 28, 2010 04:15 AM

Mortgage market and interest rate commentary for Monday September 27, 2010

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