Monthly Archives: January 2012

Update for the week of January 30th, 2012

My Thoughts for the Week of Jan 30, 2012: January employment numbers this week, along with other key data mixed in, we’ll be watching. Interest rates have been improving daily since last Wednesday when the Fed announced they will be … Continue reading

Posted in Mortgage News | Tagged | Leave a comment

Reaction to yesterday’s FOMC meeting

The bond and mortgage markets opened better this morning, still reacting to the Fed’s surprise yesterday saying the FF rate would stay at 0.00% to 0.25% clear out to the end of 2014. Prior to yesterday the Fed was saying … Continue reading

Posted in Mortgage News | Tagged , | Leave a comment

Weekly Rate Update™ Jan 23, 2012

Your weekly Rate Update™ from Mike Thomas My Thoughts for the Week of Jan 23, 2012: Last week we started seeing some upward adjustments in the rate and bond markets on increasing confidence that the US economy is improving. The … Continue reading

Posted in Mortgage News | Tagged | Leave a comment

New US Treasury Secret Mortgage Tax

Remember when Obama said his new proposed two month payroll tax waiver extension wouldn’t add to the deficit? Well someone has to pay the price, and they found a way to pay for it and bury it out of view… … Continue reading

Posted in Uncategorized | 2 Comments

Credit Preparation / Education

Credit Preparation / Education Note: The three credit bureaus Transunion, Experian, and Equifax use highly protected and confusing algorithms to calculate your credit score (FICO). This is protected information. The following list is a general suggestion of what you should … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

Rent vs. Buy Survey: Homeownership Beats Renting in 3 out of 4 U.S. Cities

I’m definitely seeing this here in my home town of South Lake Tahoe. We’re putting people in NICE homes with $700 mortgages, just did one today. Add prop tax and insurance, subtract the savings from the tax write-off, and you’re … Continue reading

Posted in Mortgage News | Tagged | Leave a comment

Update for the week of January 30th, 2012

My Thoughts for the Week of Jan 30, 2012: January employment numbers this week, along with other key data mixed in, we’ll be watching. Interest rates have been improving daily since last Wednesday when the Fed announced they will be … Continue reading

Posted in Mortgage News | Tagged | Leave a comment