Note To Rate Shoppers New Economy, New Market

Preface: The reason for this post is due to the increased activity in mortgage applications and potential clients I have spoken with over the last two weeks, who have informed me after receiving a Personalized Mortgage Plan that they are shopping.  I cannot drive home that fact that a good Mortgage Planner...

Mortgage Rates December 10, 2008

The 30 yr FNMA 5.0% MBS moved silently and aggressively today closing at $101.33 tacking on a gain of .34bp.  Lenders were slow to pull the trigger on pricing and did not release improved rates.  Late today (Wednesday 12/09/10) the House Passed the Auto Bailout by of vote of 233 Yea’s, on to the Senate....

Top Tax Deductions Overlooked For Homeowners/Investors

Top Tax Deductions Overlooked for Homeowners/Investors – - There are numerous deductions that can easily be overlooked – - Consult a Tax Professional who specializes in Real Estate to maximize your savings. The Big Dady for the Year – $7500 First Time Homebuyer Tax Credit! 1.   ...

Prolonging The Default Foreclosure Agony

Those of you who know me or work with me, know I am not a fan of Loan Modifications. Yesterday the Government announced that Half (1/2) of all recent Loan Mods are in default again.  Earlier this year and under pressure from the government, mortgage lenders made more than 200,000 loan modifications to...

Mortgage Rates December 8, 2008

A relatively calm day in the mortgage market, the FNMA 30-YR posted a modest gain of .09375bp to close at 102.28125.  The DOW continued its positive momentum gaining 298.76.  As of the close of business the details on the Auto Bailout are still being ironed out. Today the three major financial planning...

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