Monthly Archives: June 2012

VA Funding Fee Chart

I’m working on a VA purchase loan right now so i thought it might help to publish the VA funding fee amounts. The funding fee may be included in the loan amount provided the loan amount does not exceed the … Continue reading

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My Thoughts for the Week of June 25, 2012

Europe is still the dominant factor when it comes to the forward outlook of our economy and US interest rates. Another EU Summit meeting is scheduled for the end of this week. Markets will be watching for some progress on … Continue reading

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My Thoughts for the Week of June 18, 2012

Last weekend it was the Spain bailout, yesterday it was the Greece elections. The party that wants to stay in the EU won, but by a narrow margin. Moving forward will be tough for Greece with the country so divided. … Continue reading

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FHA Reduces MI Premiums on some Streamline Refinances

FHA recently announced decreased fees for single family mortgage insurance premiums for loans endorsed on or before May 31, 2009 and a new FHA case number assigned on or after June 11, 2012 for streamline refinances. New FHA Mortgage Insurance … Continue reading

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My Thoughts for the Week of June 11, 2012

Interesting interpretation to the Spain bailout that occurred early this morning. At first, the market responded positively with Europe’s stock market and US bond yields both increasing, and then quickly reversing as the realization the Europe’s underlying problems can’t be … Continue reading

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Mortgage Backed Securities Bond Pricing Technicals

One of my favorite technical analysis tools is mean reversion. Mean reversion theory suggests that prices and returns eventually move back towards the mean or average. This mean or average can be the historical average of the price or return, or in my view short term corrections … Continue reading

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My Thoughts for the Week of June 4, 2012

After a huge improvement in interest rate pricing last week, this week should see some consolidation. The stock market and the bond markets are both technically over-extended. We still don’t expect interest rates will increase much even if there is … Continue reading

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US 10 yr Treasury dops below 1.60% for the first time in history

Bond yields are dropping like crazy all over the world right now. The US 10 yr is now down to 1.57%, the lowest ever on record. What does this mean? Crazy low mortgage rates. Let me help you lower your … Continue reading

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