Rent vs. Own Now more than ever is the best time to Purchase a home in U.S. history! You may ask why, think I am crazy or just writing this post due to the fact my job revolves around assisting individuals in the process of purchasing their home. As a homeowner you will reap many emotional, financial...

Don’t worry if you did, they will come back? Maybe? If market analysis tells us anything; the individuals who play in the market are creatures of habit.  Given we are headed into a weekend coupled with a Holiday shortened week; we could see the flight to security begin accepting boarding passes Friday. ...

What a day. After the FEDs Historic announcement yesterday, MBS acted in proper fashion and started there advance toward never before seen territory.  At one point today (12/17/2008) we witnessed rates reach as LOW as 4.5% (on lender rate sheets).  The party didn’t last long for the 30 YR FNMA 4.5%....

Interest rates change constantly, but it is important to know that rates are cyclical. If rates are currently at historical lows then we know there is a strong probability rates will go up again, and vice versa. Certain economic indicators such as unemployment data, consumer price index, retail sales...

The Fed has taken Historic Action and has established a Target Range vs. a Flat Rate. Target range for the federal funds rate of 0 to 1/4 percent. (This should be interesting for Prime? Credit and Money is NOW Cheep. Didn’t we do this in 2001-2003?) Given the overall decline in the U.S. Economy,...

Today the 5% FNMA 30 YR lost 19bp in preparation for the Federal Reserve announcement.  We will most likely see a loss of 18bp, although the loss could be greater with the possibility of Mortgage Rates moving from the current 5% par to 5.25%-5.375%. You may be asking why would rate move higher if the...

http://commons.wikimedia.org/wiki/Image:Ben_Bernanke.jpg Markets in general have accepted economic weakness and have started to look to the future.  Not even sagging retail sales and the rising ranks of the unemployed could quell market optimism. The incoming administration may be leading the sudden...

While the mortgage market continues to generate a lot of chatter in both the media and in Washington, interest rates are currently near or at all-time lows. If you or anyone you know are looking to take advantage of these low rates, let me explain why now is the time to act. Lately there has been talk...

http://en.wikipedia.org/wiki/Image:Quartz_crystal.jpg It’s that Time of Year again 2009 predictions. Comment on your TOP Three (3) Real Estate, Finance/Mortgage and Economic 2009 Predictions.  Whoever’s Predictions first come to fruition and scores a Trifecta will win themselves $300 (from Your...

Today MBS tested the 102.80 range and quickly pulled back, still ending the day 3pb in the green at 102.59375.  If you watch technical’s we could see a pull back at this point, on 12/01/2008 we saw the MBS pull back after reaching 102.5625 today’s close is only 3bp higher than the last pull...