What a way to start the week! Mortgage Rates improved slightly today, look for even better pricing tomorrow, after MBS (FNMA 30 YR 4.5%) posted a healthy 38pb improvement. Check Real time Mortgage Rates. For the technical’s Friday looked to be Morning DoJo, this could be the starting point for...
Lending is in an evolutionary phase as I type this; the way in which loans are done is evolving into a process of approval first, rate lock last, which is the opposite of how it used to be.
In the past, we locked rates, even if we were not sure the loan could even be done, and then just tried to make the...
Mortgage Rates improved today after MBS posted a 28bp gain. (See Real Time Rates) After the lowest Consumer Confidence number since they started tracking it in 1967.
The Fed started its 2-day meeting this morning. Whose listening and what are they going to say? They have already reduced the Fed Funds to...
Image by respres via Flickr
If you are planning on buying an foreclosure home it is imperative that you work with an Realtor that is well versed with foreclosure transactions. Each bank has their own set of guidelines and many to not acknowledge the Arizona Real Estate Purchase Contract so the more...
Mortgage guidelines continue to change, add this to the New Mortgage Guidelines 2009 list.
Lenders who sell their paper to Fannie Mae and Freddie Mac (the majority of Lenders) have implemented a new guideline for individuals who are prospective Mover Uppers and Investors.
The three facets prospective buyers...
