Commentary on the Financial Market
Updated Oct. 9, 2013
As of this morning, treasury prices are slightly lower (treasury yields slightly higher, mortgage rates slightly higher) as markets are cautiously optimistic that economic data will continue to be positive. In terms of economic releases, the November Existing Home Sales figure increased by 4% (market was...

Should you Refinance? When it makes sense?
Updated Oct. 9, 2013
Record-low interest rates have many homeowners considering refinancing their mortgages, but experts warn there is more to the decision than just low rates.. "There's a crazy misconception that if it lowers your rate by 1% then you should refinance," says Patti Frank, vice president at American Mortgage...

Commentary on the Financial Markets
Updated Oct. 9, 2013
Last week saw some strong ecomomic data released in the U.S. However, the 10 Year Treasury Bond Yield still dropped (mortgate rates dropped) towards the end of the week due to market worries over anticipated credit rating cuts in the European Union. The European turmoil leads to the financial markets wanting less...

Maintaining Healthy Credit Keeps Interest Rates Low and Helps Save Money
Updated Oct. 9, 2013
Maintaining Healthy Credit Keeps Interest Rates Lower and Helps Save Money. The larger your bank balance, the better. And when it comes to your credit score, you need to think big, too.According to the Financial Planning Association (FPA) based in Denver, CO, your healthy credit score is not just a factor in...

5 Steps of Home Buying Process
Updated Oct. 9, 2013
Step 1 - Getting Pre-Approved Prior to Shopping for a Home. It's important to know how much home you can afford, what type of down payment to budget for, monthly mortgage payment as well as what type of loan program you'll use to finance the new property.. Certain mortgage loans have residence type, HOA,...

Morning Commentary on Financial Markets
Updated Oct. 9, 2013
Last week saw most economic data come in below market expectations, including Friday's GDP report. As a result, the 10 Year Bond Yield dropped from 2.07% (on 01/23/12 - Monday) to 1.90% (on 01/27/12 - Friday). This also drove down mortgage rates.Today, the 10 Year Bond Yield has fallen to 1.84% due to more...

Commentary on Financial Markets 2-22-2012
Updated Oct. 9, 2013
The Euro Zone finance ministers agreed to the second bailout package of Greece yesterday.. As a result of this good political news, the 10 Year Treasury went from 2.00% to 2.06%, which led to slightly higher mortgage rates.. The reason why the 10 Year Treasury Yield didn't go even higher is because the financial...

Morning Commentary on Financial Markets
Updated Oct. 9, 2013
The 10 Year Treasury Yield rose to 2.03% this morning (due to the 3 reports/news below), leading to higher mortgage rates.. - Weekly Jobless Claims came out at the lowest level since the beggining of 2008. The total number was 351K, which was less than then market expecation number of 355K. This partially led to the...

Boost your odds of landing a mortgage
Updated Oct. 9, 2013
For some would-be buyers and refinancers, today's mortgage rates are the ultimate tease. While ads tout the lowest rates in history (recently under 4% for a 30-year fixed), qualifying for a mortgage that cheap can be an exercise in frustration or futility.. Less-than-perfect credit will hurt, of course,...

Financial Markets/Rates Commentary
Updated Oct. 9, 2013
The 10 Year Treasury Yield dropped this morning to 1.72%, meaning lower mortgage rates than yesterday, due to additional market uncertainty that the fiscal cliff will get resolved in the next 5 days:. U.S. Weekly Jobless Claims decreased to a four and half year low with a 350K reading this week (362K the prior week),...

5 Types Of Buyers Will Be Rushing Into The Housing Market In 2013
Updated Oct. 9, 2013
With the housing market bottoming in 2012, economists and other experts are becoming increasingly optimistic about the U.S. housing market in 2013.From John Burns Real Estate Consulting: "Assuming our leaders in DC come to some sort of agreement that keeps the economy growing and interest rates low, which...

Market Commentaries
Updated Oct. 9, 2013
Here is a recap of the major economic and political data / reports from the prior week (a lower 10 Year Treasury Yield means generally lower mortgage rates in general and vice versa). Monday (12/24/12): The 10 Year Treasury Yield rose to 1.77%. - There are No Major U.S. Economic Releases. The market is still trying to...

Market Commentaries
Updated Oct. 9, 2013
Here is a recap of the the major economic and political data / reports from the prior week (a higher 10 Year Treasury Yield means generally higher mortgage rates in general and vice versa).. Monday (01/07/13): The 10 Year Treasury Yield dropped to 1.90%.. - There are No Major U.S. Economic Releases today.. - In Europe. ECB...

Morning Commentaries
Updated Oct. 9, 2013
Good Morning,. The 10 Year Treasury Yield dropped this morning at 1.86%, meaning lower mortgage rates than yesterday, due to the U.S. Budget Sequester taking effect today:. - January 2013 U.S. Personal Income decreased by the most in 20 years with a 3.6% decline (previous month had an increase of 2.6%), coming in worse...