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Gianni Cerretani's Blog


620 MID SCORE NOW QUALIFIES FOR A 100% VA LOAN
Updated Oct. 9, 2013
 PRODUCT & PRICING BULLETINUPDATE- VA PRODUCTS. Effective March 21, 2011. Product Update- VA Minimum FICO DECREASED to 620 for all purchase & full documentation refinances..
NO CLOSING COSTS LOAN PROGRAM JUST ADDED TO FCM
Updated Oct. 9, 2013
CALL ME IF YOU WOULD LIKE TO BUY MORE HOUSE BY LETTING US PAY FOR YOUR CLOSING COSTS. I CAN STRUCTURE ANY LOAN SO YOU HAVE AS LITTLE AS $500 TO INVEST INTO PURCHASING A HOME!. 678-381-2264-DIRECTgianni.cerretani@fcmhomeloans.com
$5,000 Grant Funds for all home buyers in need of down payment or closing cost assisstance now available at FCM
Updated Oct. 9, 2013
First Community Mortgage has recieved a pool of money from the Government for the last 3 years that enables us as a division of an FDIC bank to lend $5,000 per client on a first come first serve basis. This $5,000 is non repaybale loan for help on downpayment assistance and or closing costs. Minimum invetsment into...
NO CLOSING COST LOANS
Updated Oct. 9, 2013
WE ARE NO OFFERING NO CLOSING COST LOANS FOR PURCHASES AND OR REFINANCES.
WEEKLY LOCK ADVICE
Updated Oct. 9, 2013
ADVICE: For loans being locked for 15 - 30 days, we suggest...(more). This Week; its mostly about the treasury auctions and how well the bidding is when Treasury sells $99B of 2 yr, 5 yr and 7 yr notes Tuesday thru Thursday. Last week the bond and mortgage markets ended better on the week but the action thru the week was...
BOND MARKET WATCH
Updated Oct. 9, 2013
MARKET SATRTING OFF WEAK THIS MORNINGAM Tracking QuoteFNMA 4.0% 100.00 now -12 bps: Have a great day.. 09:35 -12Open 100.12. . .
DAILY MARKET SNAPSHOT
Updated Oct. 9, 2013
ADVICE: For loans being locked for 15 - 30 days, we suggest...(more)Some slippage early this morning; the bond and mortgage markets trading slightly weaker after another attempt to break 3.10% on the 10 yr note yesterday. Yesterday the 10 yr made another attempt to push below its resistance, just couldn't...
CLOSING BELL
Updated Oct. 9, 2013
Closing BellFNMA 4.0% 100.28 +16 bps today: See you tomorrow.. Today (EST)High 04:17 +15Low 08:34 -12.
MORNING MARKET TREND
Updated Oct. 9, 2013
MORNING BOND MARKET STARTS OFF STRONG. AM Tracking QuoteFNMA 4.0% 100.36 now +8 bps: Have a great day.. 09:35 +8Open 100.28. . .
DAILY MARKET TRENDS 5-25-2011
Updated Oct. 9, 2013
ADVICE: For loans being locked for 15 - 30 days, we suggest...(more)Rate markets started slightly weaker this morning, the bellwether 10 yr note still unable to crack 3.10% closing yesterday at 3.11% and at 8:45 this morning at 3.13%. Mortgage prices also a little weaker, -4/32 (.12 bp) at 8:45. Asian stock markets were...
CLOSING BELL
Updated Oct. 9, 2013
Closing BellFNMA 4.0% 100.25 -3 bps today: See you tomorrow.. Today (EST)High 10:20 +12Low 08:45 -9.
BOND MARKET MORNING UPDATE
Updated Oct. 9, 2013
GOOD START THIS MORNING- RATES SHOULD BE STRONG COMING OUT OF THE GATE. AM Tracking QuoteFNMA 4.0% 100.41 now +16 bps: Have a great day.. 09:36 +16Open 100.25. . .
MARKET SNAPSHOT-5-26-2011
Updated Oct. 9, 2013
Prior to 8:30 this morning the bond and mortgage markets were slightly weaker; at 8:30 the bond market found some support when weekly jobless claims and Q1 GDP revision were released. Weekly jobless claims were expected to have declined 5K to 9K to 400K, claims increased 10K to 424K and last week's claims...
RATES ARE IMPROVING
Updated Oct. 9, 2013
Currently we have expired pricing due to current market conditions. Generally we expect rates to “IMPROVE.” Updated Rates will be activated in Avista shortly!.
WHY RATES ARE SO LOW
Updated Oct. 9, 2013
Fixed mortgage rates fall to 2011 lowsAverage rate on 30-year loan drops to 4.60 pct; average rate on 15-year falls to 3.78 pct. -- Fixed mortgage rates hit the lowest point of the year for the third straight week.. Freddie Mac said Thursday the average rate on the 30-year loan fell to 4.60 percent from 4.61 percent....
DAILY MARKET TRENDS-5-27-11
Updated Oct. 9, 2013
ADVICE: For loans being locked for 15 - 30 days, we suggest...(more)Yesterday's strong rally in the bond and mortgage markets may have been a little too much too rapidly. This morning treasuries and mortgages are lower in price; at 9:00 the 10 yr note -8/32 at 3.09% +3 bp and mortgage prices -5/32 (.15 bp). The 10 yr...
WEEKLY MARKET SUMMARY
Updated Oct. 9, 2013
BAD DAY FOR THE BOND MARKET WHICH IS TYPICAL GOING INTO A HOLIDAY WEEKEND, BUT OVERALL GREAT WEEK- HOPE YOU TOOK ADVANTAGE OF THESE SUPER LOW RATES. Closing BellFNMA 4.0% 100.59 -22 bps today (+47 bps this week) Enjoy your weekend.. This Week:High +73Low -12.
WEEKLY MARKET PREVIEW
Updated Oct. 9, 2013
ADVICE: For loans being locked for 15 - 30 daysThis Week; after interest rates fell last week the market will likely have some hurdles to deal with. This is employment week with early estimates of non-farm job growth of 185K and non-farm private jobs up 220K. Although those are early estimates they seem to be much...
MORNING TRENDS 5-31-2011
Updated Oct. 9, 2013
FNMA 30-Yr 4.0%. Previous close 100.594Opened Down 0.03bp @ 100.563. Key Economic Data:. EUR / USD 1.4405 Up 0.0123USD / JPY 81.5940 Up 0.6548GBP / USD 1.6489 Up 0.0014. Oil 103.36 Up 2.77Gold 1,537.90 Up 0.60. Key Economic News:Another DeclineCase-Shiller index falls to new low for housing downturn. Month-over-month declines...
MARKET SNAP SHOT 5-31-2011
Updated Oct. 9, 2013
Not a good start this morning in the bond and mortgage markets. This is employment week when most attention is directed to working the estimates all week; current thoughts are for jobs to increase 185K with non-farm private jobs +220K and unemployment unchanged at 9.0%. The forecasts likely to be moving all week;...

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