Market Analysis 03-05-15

Posted by on Mar 5, 2015 in Uncategorized | No Comments

Daily Market Analysis Treasuries and MBSs started a little weaker this morning ahead of tomorrow’s Feb employment data. Weekly jobless claims at 8:30 were thought to be down about 13K to 300K, claims increased 7K to 320K, the highest claims in nine months; the 4 wk average unchanged from last week at 294,500. Wait for […]

Today’s Market News

Posted by on Feb 18, 2015 in News, Uncategorized | No Comments

Daily Market Analysis January housing starts declined 2.0%, slightly weaker than -1.7% expected; the number of units on an annualized basis 1065K. Jan building permits declined 0.7% against estimates of an increase of 3.6%, to 1053K. Dec starts 1089K, Dec permits 1032K. Construction of single-family homes dropped 6.7% to a 678,000 rate in January from […]

Realtor Report 01-12-15

Posted by on Jan 12, 2015 in Uncategorized | No Comments

Rates At a Glance     Mortgage Rates Currently Trending 7 Day Mortgage Rate Forecast This Week’s Potential Volatility Lower Lower Average (by Sigma Research) Realtor Report     Lower FHA premiums to fuel home buying in 2015: In a move designed to bring more first-time homebuyers into the housing market, the Federal Housing Administration […]

Your Market Insider Report 12-30-14

Posted by on Dec 30, 2014 in Uncategorized | No Comments

Treasuries and MBSs are starting better again this morning; now the 10 at 2.17% and down from 2.30% on 12/24. Crude oil declining again, a support for bonds keeping inflation fears on hold. Crude declines also leading to declines in most commodities. Europe’s stock markets under pressure today on Greek fears of debt defaults and […]

Daily Mortgage Rate Analysis

Posted by on Dec 30, 2014 in Uncategorized | No Comments

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  […]

Daily Rate Insider 12-29-14

Posted by on Dec 29, 2014 in Uncategorized | No Comments

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. […]

Mortgage Rate News 12-16-14

Posted by on Dec 16, 2014 in News, Uncategorized | No Comments

By Jesse Gonzalez, Broker Rates Currently Trending: Lower According to Sigma Research, worldwide deflation is spreading like a flu epidemic. Oil and the Russian ruble are in free fall. These factors make US investments–including mortgages–attractive to investors, continuing to support our low rates. Today’s Rate Forecast: Lower According to Sigma Research, the technical indicators are […]

Realtor Report

Posted by on Dec 15, 2014 in Uncategorized | No Comments

The Return of the Low Down Payment Mortgage: Potential homebuyers who don’t have a lot of cash to put down now have a cheaper way to get a loan. Mortgage giants Fannie Mae and Freddie Mac announced guidelines Monday for loans with down payments as low as 3 percent under a new program largely aimed […]

3% Down Payment Loans are Back

Posted by on Dec 15, 2014 in Uncategorized | No Comments

Fannie and Freddie are back in the lower down payment game. Melvin Watt, the head of the Federal Housing Finance Agency, has made a move to make home ownership a reality for more Americans. Currently the minimum down payment allowed for a loan held by Fannie Mae or Freddie Mac is 5%. With the new […]

Home Buying Tips

Posted by on Dec 12, 2014 in Uncategorized | No Comments

Buying a Home Thinking about buying a home? We have information that can help! Got questions? Talk to one of our real estate and mortgage consultants! 1. Figure out how much you can afford What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. Home Economics Homebuying […]