First Time Home Buyers - C.A.R. Launches Mortgage Protection Program
Updated Oct. 9, 2013
A GREAT OPPORTUNITY FOR FIRST TIME HOME BUYERS IN CA!!. To help provide first-time home buyers with peace of mind when purchasing a home, the C.A.R. Housing Affordability Fund (C.A.R.H.A.F.) is offering a new mortgage protection program to first-time home buyers.. Through the Housing Affordability Fund's...

Rates will most likley Improve
Updated Oct. 9, 2013
This might seem a little confusing, but it is a good sign rates will continue to improve this week...read on...... Mortgage Market Commentary. Mortgage backed securities (MBS) prices moved higher (rates lower) due to weakness in the stock market on speculation lower than forecast corporate profits will spur demand for...

Daily Rate Projection
Updated Oct. 9, 2013
**It looks like rates will continue to improve this week, as the government continues to purchase up these toxic mortgage backed securities.. Mortgage Market Commentary. Mortgage backed securities (MBS) prices continue to climb higher (rates improve) after the Fed purchased $2.97 billion of Treasury...

Facts About President Obama's Homeowner Affordability and Stability Plan
Updated Oct. 9, 2013
ATTENTION HOMEOWNERS:The Facts About President Obama'sHomeowner Affordability and Stability Plan . President Obama's Homeowner Affordability & Stability Plan.... IS a starting place...IS NOT a magic bullet...WILL help some people...WON'T help others.Here are the FACTS you need to know.....

Is the Home Affordability Loan Modification really helping distressed homeowners?
Updated Oct. 9, 2013
Here are two links to great articles about the government sponsored Hope for Homeowners program. Like all of the other government programs to date, Hope for Homeowners offered little or no help to anyone.. Most homeowners who received loan modifications from free government or lender sponsored programs...

The Real Estate Market as of 5-05-09.....some insight
Updated Oct. 9, 2013
<p>There have been so many changes that it is hard to keep track of what is happening..

The Daily Mortgage Interest Rate Lock Advisory - April 13, 2009
Updated Oct. 9, 2013
What the Markets Are Doing Today:. <p>Prices of bonds were down while the prices of mortgage backed securities were up (yields down) this morning while stocks opened in negative territory again this morning on news that GM may have to file for bankruptcy by June 1st..

Mortgage Market Commentary
Updated Oct. 9, 2013
Mortgage Market Commentary. Mortgage backed securities (MBS) prices are higher (rates lower) as money flows out of the stock market and into less risky fixed-income assets, like MBS; FNMA 4.0% coupon 100.27bps, +16bps. Low interest rates and falling home prices are giving only a limited boost to home sales,...

Mortgage Market Commentary
Updated Oct. 9, 2013
Mortgage backed securities (MBS) prices are higher (rates lower), recovering a portion of yesterday's losses, in volatile trading on speculation the U.S. economy will not rebound soon enough to keep yields at their highest levels since November; FNMA 4.5% coupon 99.59bps, +21bps. We switched the current...

Fed Clarifies MBS Purchase Policy
Updated Oct. 9, 2013
As the pressure for higher mortgage rates has increased in recent weeks, investors have speculated that the Fed would step in to "defend" certain interest rate levels, but that hasn't happened. This week, Fed officials explained that their mortgage-backed securities (MBS) purchases are designed to...

Mortgage Market Commentary
Updated Oct. 9, 2013
Mortgage backed securities (MBS) prices opened lower, but have since turned positive after release of economic data that was at best luke warm; FNMA 5.0% coupon 99.72bps, +16bps and the high of the session after hitting an intra-day low of 99.36bps. The 30yr fixed FNMA required net yield (60 day) is now 5.59%, up from...

What's Ahead For Mortgage Rates This Week : June 15, 2009
Updated Oct. 9, 2013
What's Ahead For Mortgage Rates This Week : June 15, 2009 . The mortgage market roller coaster continues. Markets worsened badly in the early part of last week, before rallying into Friday's close. Overall, mortgage rates were slightly higher for the week even though -- briefly -- they rose to levels...

Mortgage Market Commentary
Updated Oct. 9, 2013
Mortgage backed securities (MBS) prices opened sharply lower amid concern the administration's record borrowing will overwhelm demand as the recession shows signs of easing. MBS prices rebounded only to fall back after release of today's economic reports; FNMA 5.0% coupon 101.16bps, -32bps....

Mortgage Market Commentary
Updated Oct. 9, 2013
Mortgage backed securities (MBS) prices are lower (rates higher) in quiet sideways trading, typical for a Friday in June, as stock markets are higher and there are no economic reports due out today; FNMA 5.0% coupon 100.52bps, -9bps. MBS prices opened higher, reaching 100.67bps, only to fall back into negative...

Mortgage Market Commentary
Updated Oct. 9, 2013
Mortgage backed securities (MBS) prices opened lower this morning after yesterday's gains which were fueled by stock market losses (DOW -200pts & S&P 500 -3.1%) boosting demand for fixed income assets, like MBS. MBS prices have since rebounded; FNMA 5.0% coupon 101.309ps, +8bp, the high of the day...

Why An 800 Credit Score Doesn't Really Matter
Updated Oct. 9, 2013
Since 2007, mortgage lenders have clamped down in many areas of underwriting, but none more so than in the area of credit scoring. Minimum FICO levels are up 120 points or more and conforming mortgage lenders now levy large fees on borrowers whose scores are below 740. Keeping your credit scores high is a...

Market Snapshot 1-5-10
Updated Oct. 9, 2013
Treasuries and mortgages opened stronger this morning; some minor short-covering and coming off very oversold market conditions. No movement in the equity markets in early activity after the strong rally yesterday. At 8:30 the DJIA +5, the 10 yr note +7/32 at 3.79% -3 BP, mortgage prices +9/32 (.28 bp). At 9:00 the...

The bad job report, wasn't all that bad. There is a Silver lining...
Updated Oct. 9, 2013
Despite the headlines, it's important to remember that December's jobs report wasn't all bad news. Sure, the economy shed 85,000 jobs last month and the Unemployment Rate failed to dip below 10%, but for home buyers and rate shoppers , the news was just fine. The soft employment data led mortgage...

Treasury Effort May Boost Short Sale Usage
Updated Oct. 9, 2013
The use of short sales as a foreclosure avoidance tool may get a boost now that the Treasury has issued guidelines to streamline the process which can be frustrating for sellers and homebuyers alike.. The new guidance is designed to expedite short sales and deed-in-lieu transactions for struggling borrowers...

Yet Another Record Breaking Week for Mortgage Rates
Updated Oct. 9, 2013
Mortgage rates set record all time lows yet again this week on the back of more global fears about European debt default and general anxiety over the U.S. economy as a whole. While employment is an issue for many and economic data as a whole has been negative as of late, the levels that mortgage rates are currently at...