Durable Goods Orders soared in July, scoring their largest gain in about a year. This report is volatile from month to month, so Bonds didn’t react much on the strong economic news.The New Home Sales report was better than expected. The monthly sales inventory came in at 7.5 months, which is less...

The Federal Reserve has taken significant action in the last few weeks due to the credit crunch. And now they’ve made an unexpected move by cutting the discount window rate – which is great news. I’ll get to that in a minute, but first let’s look at recent events and understand what...

The Days of shopping for a Mortgage are over; with fewer and fewer lenders in the market what you are quoted is most likely the best product out there. With the caveat you are working with a Mortgage Planning Professional. Mortgage Credit Tightening for Even Credit-Worthy Borrowers Renaissance Equity...

The purpose of this communication is not to alarm you but to alert you to drastic and irreversible changes currently taking place in the mortgage market. If you or anyone else you know will need mortgage financing in the next 18 months, you need to read this! Just last week, American Home Mortgage and...