Mortgage rates ended the week of April 24, 2009 lower.  The MBS FNMA 30 YR 4.0% finished up 21bp higher for the week (higher is better for the MBS, price and interest are inverse).  The historically low rates for both conforming and FHA products are intended to help stimulate the economy by giving...

Mortgage Rates regained their footing today as the 30 YR 4.0% FNMA MBS closed 9bp higher for the day.  If last week was the precursor to this week, we will see rate improve and stabilize Monday – Wednesday and turn negative Thursday – Friday. Mortgage rates ended last week exactly where they started. ...

Mortgage Rates increased April 17, for a second day as MBS posted another day of losses.  Week over week rates are posted a 10bp improvement.  Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates. Overall rates remain low for the time being,...

Mortgage Rates increased today as the FNMA 30 YR MBS 4% gave up roughly 9bp.  This down tick in the MBS can be attributed to the late day mini rally in the equities market as JP Morgan Chase beats estimates as it releases earnings. Both Building Permits and Housing Starts were released today.  Building...

Most people don’t have a strategic plan for Refinancing, buying or selling a home If they had one they would probably save: •    Thousands of Dollars, •    Many hours of their time, and •    Most of the stress associated with buying/selling a home That’s why I offer the Strategy Session! Every...

What Is A Streamline FHA Refinance The Traditional and Original FHA Streamline which I still offer consist of the following: NO Appraisal NO FICO Score NO Income Verification NO Asset Verification After reading that there is little to nothing in order to qualify; you are probably asking what’s the...

The appraisal process often baffles consumers. They may feel that their home is worth a higher dollar amount, and so the appraised value doesn’t always make sense to them. It is important to know that the appraiser is completely independent from lenders, buyers, sellers, and real estate agents,...

The flight to security was nonexistent for Mortgage Backed Securities before the long Holiday Weekend.   Mortgage Rates increased today as the FNMA 4% 30 YR MBS gave up .25bp.  Overall MBS are only down 3bp week over week (See Mortgage Rate Chart) The equity markets rallied and hitched a ride on Wells...

Image via Wikipedia The Federal Trade Commission regulates credit repair services, and they provide free information to help consumers spot, stop, and avoid businesses with fraudulent, deceptive, or unfair practices. Be familiar with the Credit Repair Organizations Act as you seek out a genuine...

Mortgage Rates remained stable today.  Another calm day thanks to the down day in the stock market, the down day can be attributed the beginning of Earnings Season.  A negative Earnings season although bad for the overall market and shareholders, could buoyed well for Mortgage Backed Securities and...