FOMC & Mortgage Rates
The FOMC met today and for whatever reason the bond market loved it at first glance. Mortgage-Backed Securities are now trading +64 Basis Points on the day. Correcting a short-term down-trend which had...
View ArticleAlways Read the Revised Numbers!
There is a great article from Zillow that shows why you should alway look at the revised numbers and not rely on the “Headline Number” that is purely an estimate. We’ve been saying for almost a year on...
View ArticleHouston Mortgage News
Easter weekend has passed and only two short months until the school year ends, that can only mean one thing – It’s home-buying season! From now until Labor Day the words that we will hear over and...
View ArticleToday’s Mortgage News
Lot’s of great information sent to us from our lending partner at NYCB: Last week was a busy news week. That news created big moves in the market. However, the net change for the week was almost nil....
View ArticleMortgage Rates, Tapering, & The Real Estate Market
Here is a great piece from our partner Barry Habib at MBS Highway. MBS which stands for mortgage backed securities is the market we watch to which way mortgage rates are trending. Barry provides...
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Mortgage News Update 03/06/2014
Lots of world events happening that are effecting mortgage rates. In addition there are several items in the domestic economy that are causing lots of volatility in mortgage rates. In this post we like...
View ArticleMore Mortgage Regulation This Time Appraisal Mgmt Companies
A few years back regulators crushed the appraiser that had spent years developing working relationships with mortgage brokers when they implemented the Appraisal Management Company in which all...
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Mortgage Banking to Face Difficult Year
Mortgage rates spiked last year and that has crushed the housing recovery. That in turn will put a lot of pressure and most likely layoffs in the mortgage industry on-top of those that happened last...
View ArticleMortgage Rates & Mortgage Market Info 05/08/2014
The bond markets including the mortgage bond markets or mortgage backed securities market is casting doubt on the economic reocery. Typically in a recovery you have rising interest rates which lead to...
View ArticleMortgage Lending Getting a Little Easier
We are starting to see mortgage bank-statement programs again and also a stated-income mortgage loan program is now available. Both of these programs are for the self-employed borrower only. The...
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