Click Here to Search Local Mortgage Rates
I missed you guys yesterday. Trust me, I would of rather been at my desk writing my column then explaining to the book why I bet money I didn’t have on the Colts. Since when did they start collecting on Monday’s? I came out of it with some light bruising and a payment plan. Everybody I’m ok! Thanks for the emails and kind words. What are you gona’ do? Stop bettin’? You can’t pick em’ right every time. Mortgage rates seem to be cemented at current levels. Since declining to 4.75% 30… Read more
Feb. 8 (FreeRateUpdate.com) – Serious delinquencies on jumbo loans increased for a mind boggling 32nd straight month according to Fitch Ratings (http://www.fitchratings.com/). “The new year has brought no relief from declining jumbo loan performance,” said Managing Director Vincent Barberio. “The trend line for delinquencies indicates the 10% level could be reached as early as next month.” Prime (good credit) jumbo mortgage delinquencies of 60 days or more rose to 9.6% in January. About 66% of… Read more
Hey everybody, How ya doing? The Real Bruno Mckenzie signing in here for some shop talk. Now on FreeRateUpdate.com…. We’re gona’ talk Mortgage Rates, FHA Mortgage Rates, Jumbo Mortgage Rates and DTI RATIOS.. not in that order. The stock market tanked over 250 points, investors seeking a safe haven fled to bonds including mortgage-backed securities. As a result MBS prices shot up and mortgage rates both conforming and FHA which move in the opposite direction are set to open lower… Read more
Feb. 5 (FreeRateUpdate.com) — The U.S. housing market in most regions has seemingly stabilized. December’s unexpected increase in pending home sales during what’s always a down month due to the holidays further supports that. For a moment, let’s talk Pennsylvania in what’s surely one of the most breathtakingly beautiful yet affordable areas of the country, Poconos. Homes for sale in the Poconos are more affordable than ever. Considering an investment? The local Poconos rental market… Read more
I read on the FreeRateUpdate.com Facebook Page we broke our daily pageviews record in consecutive days – (Google Analytics tracks these things), that’s gota be a good thing. Where’s my stats on the COFFEE AFTER MIDNIGHT COLUMN? I might need to talk to my agent about a new deal. Coffee Talk: My new coffee maker is out of this world. The “caffeine machine” has got a 5 gig hard drive, 2 backup heaters, voice recognition, recognizing 622 grounds from 76 countries and stands 4 feet 2… Read more
I’m sorry I didn’t write my column after midnight today as my fans have become so accustomed to. Last night I was working on the Walker file. I delve into territories unknown looking for answers to big problems. Fannie, Freddie, mortgage rates starting with a numeral 6, a barren land in what was once booming with home refinance. I looked into 2011 and years beyond. I woke up this morning a wiser man, with a helluva headache. I closed the Walker file last night knowing some questions just don’t… Read more
Wells Fargo made news this week as media caught wind they have been hedging against much higher interest rates for quite some time, cutting back as much as a billion dollars in fixed investments. Wells Fargo mortgage continues to have competitive mortgage rates shining in a few programs including their conforming 15 year fixed and jumbo 30 year fixed rates. We reports on Wells Fargo mortgage rates because Wells has become so large, they account for an astounding percentage of mortgage… Read more
I’m gona’ get right down to business today cause’ 2 people unsubscribed yesterday after I started the column talking about my experiences of the weekend. Okay so not everybody likes talkin’ track. I’m going to warn you, don’t unsubscribe to my column, you could cost me my job. Mortgage rates have been more volatile then usual. A lot of it has got to do with the changes in the political atmosphere. Before Republican Scott Brown, the future could be predicted a bit easier. Right now, who… Read more
What a weekend huh? A photo finish cost me $275,000 and a seat next to “Jimmy the Greek”. I danced with the devil under a pale blue moon. I met a girl with long golden blond hair glowing like the morning sun, in a pool hall. Yada’ yada’ yada’, you get the picture. What can I say? I had an eventful weekend. I just brewed a 10 cup pot, I’m feeling like $275,000 and I’m ready to get back to business. Reviewing Friday afternoon’s actvities, Kathryn Davis wrote an article, not on Friday, actually… Read more
I’ve got my coffee, fresh outta’ my midnight pot and I’m ready for some shop talk. Today we’re gona’ discuss some things I read on FreeRateUpdate.com today as well as some industry chatter from my industry pals and a very special lady friend of mine who works at the bank. Before I continue, hey, we can’t be all business here can we? I just wanted to mention I’m taking it easy on the half and half, I’ve had a dull pain in my side for a month. Any suggestions? I was thinking if something… Read more
On April, 05 2010, MI will be boosted to 2.25 and minimum credit scores will be raised. Read about this and other NEW FHA Loan Guidelines.
Delaware Mortgage - DE Mortgage Blog - John Thomas talks Delaware mortgages.
Minnesota Mortgage - MN Mortgage Blog - Josh Manier talks Minnesota mortgage.
Interested to know if we offer mortgage leads? Need FHA leads? Get information on FreeRateUpdate.com internet mortgage leads.
Supreme Lending offers a first class mortgage net branch alternative, an opportunity endorsed by FreeRateUpdate.com.
