The Winds of Change
Updated Oct. 9, 2013
The winds of change are blowing. Consumers have no idea what is happening. These winds of change are about to bring a national disaster to the mortgage industry. The end result of the swinging of the pendulum in this direction will be reduced choices for consumers. When consumers have fewer choices, their cost goes...

Internet Insanity
Updated Oct. 9, 2013
I have recently submitted to one of those lead aggregator web sites. For you consumers who are not aware, you unknowingly go to the internet and submit your information thinking that someone on the other end will be calling you to take care of your mortgage needs. It should be as easy as buying something on the...

Let's Go Buy A House!!!
Updated Oct. 9, 2013
Let's go buy a house, let's go buy a house....It is a little reminiscent of Dick Van Dyke in Chitty Chitty Bang Bang singing "Let's go fly a kite." People have a growing concern that waiting is the best option because the home they are interested in will cost less later on and it is better to wait. Is this a...

Rates Are Going Lower!
Updated Oct. 9, 2013
I see a lot of information and blogging on this site about the direction of interest rates and it is very informative. There are regular postings of economic data that is upcoming and information about what the "open" of the market was like. One recent blogger recently predicted that rates will be 50 basis points...

Tomorrow Is April Fool's and the Joke Is On The Consumer
Updated Oct. 9, 2013
Most people have little idea what is going on. I've blogged about this previously and the media has picked up bits and pieces of the story. Loan Officer compensation changes tomorrow! What does this mean? The bottom line is that competition is eroded and the basics of supply and demand say that costs and...

America Divided
Updated Oct. 9, 2013
America is divided! Who do you root for? On one side, we have a young leader inspiring young men to achieve greatness. On the other, we have a young leader inspiring young men to achieve greatness. Unexpected underdogs seeded low who were able to achieve upset after upset. The sentiment is mostly that we wish VCU was...

It Is Still Easy To Get A Mortgage
Updated Oct. 9, 2013
The definition of "easy" is a little loose here but the reality is the media is discouraging people from applying with stories like CNN's "No Mortgage for You." There are still programs with minimal down payments, that allow you to refinance with little or no equity (you can even be upside down), and even if...

Shopping for a Home on the Internet
Updated Oct. 9, 2013
I was working with a client last week and like most current potential homebuyers she was attracted to the idea of buying a house by the news that home prices have become more affordable and that given the circumstances they will get a bigger "bang for their buck." Unfortunately the Realtor they were referred to...

Interest Rates and Locking In!
Updated Oct. 9, 2013
I just posted this information to my web site which I update regularly. Many people post some good information about rates and trends on the blog portion of the site but some of it seems "canned" and regurgitated from some other site or, they have some decent knowledge of the interworkings of our economy and what...

Homepath Buyer Incentive
Updated Oct. 9, 2013
Homebuyer incentives from Fannie Mae for people looking to buy a home with a minimal down payment are in effect until June 30, 2011. FNMA has a huge inventory of homes and has new properties hitting the market daily. In order to facilitate the sales of these homes two big incentives have been put out there for...

Exciting Economic News Is Looming Large
Updated Oct. 9, 2013
Bonds are up slightly and any gains will be muted until the results of this weeks auctions are digested and the FED announcement is made after their two day meeting that begins today. The format for the announcement has changed and this will be the first time the changes are effective. The announcement will come...

Making the Most of a Refinance Oportunity
Updated Oct. 9, 2013
Refinancing can be a good opportunity even if you are getting a higher interest rate, or your payment is going up. I have worked with many people who benefited by reviewing their debts, their current allocation of funds monthly and putting together a plan for becoming debt free by taking control of many aspects...

Thursday Market Wrap and Friday Look Ahead, May 5, 2011
Updated Oct. 9, 2013
A lot of big changes in the world today affected both Stocks and Bonds. Bonds rallied big on concerns over job losses as the weekly unemployment claims moved sharply and unexpectedly higher. The resulting concerns over the economy brought in a flight to quality. In addition, a dollar rally with a lot of "short...

Rates Are Inching Lower
Updated Oct. 9, 2013
I was speaking to a potential client today who said the following: "what is going on with interest rates, I see they are going lower! I'm going to wait because I know they will come down more." He is correct and of course, the media gives everyone just enough knowledge about any subect to be dangerous....

LOCK IN Your RATE!
Updated Oct. 9, 2013
I just posted the following to my web site:. Current Bias changed to LOCKING. Stocks are only up slightly and the dollar has lost some ground causing Oil, Gold and other commodities to rally which brings buyers to their related stocks. Stocks have rallied and the S&P has once again rallied above support levels.....

Mortgage Rates 5-24-2011
Updated Oct. 9, 2013
Based on the results of today's two year note auction ($35 Billion in Treasury Notes) we can shift to FLOATING. The last few rounds of 2, 5 and 7 year note auctions have not been very successful and the combination of soft demand and excess supply has been a drag on prices. The fact that the FED's QE II...

LOCK or FLOAT
Updated Oct. 9, 2013
I've been remiss in posting lately with the Memorial Day holiday and my enjoyment of a long weekend. I'm continuing my recommendation to FLOAT your loan into Friday's Non- Farm Payroll Report. ADP numbers came in bad today, manufacturing numbers were bad today, automotive sales numbers were...

Pigs Get FAT, Hogs Get Slaughtered (Part 1 of 3)
Updated Oct. 9, 2013
This is my first posting in some time and I'm back with a vengeance!. Rates have moved lower and as you'll learn tomorrow, it has nothing to do with Government borrowing, national debt or the debt ceiling.. We have it the low point in mortgage interest rates for 2011. Now the internet gives the average...

Don't Blame Our Government for This One!
Updated Oct. 9, 2013
Perhaps you are one of the few buyers in the marketplace, perhaps you are a regular or sometime viewer of Mad Money hosted by Jim Cramer on CNBC, perhaps you were just putting your toe in the water of refinancing at the end of November 2010 and the boat left the dock without you so now you are back in the market...

Another Genius Move By Chairman Bernacke
Updated Oct. 9, 2013
The Stock Market gets CRUSHED on Monday! Biggest losses since 2008 Financial Crisis, not because of the Congressional Budget issues but because of the European debt woes comingling with slowing growth in the one economy that MUST lift the world out of its current economic malaise. Re-pricing of risk caused by...