Monthly Archives: May 2013

My Thoughts for the Week of May 20, 2013

Last week was another wild ride in the bond/mortgage markets with big swings in both directions. What the markets gaveth on Thursday, they tooketh away on Friday. Rates are starting this week about a quarter point less in lender credit … Continue reading

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Using Financial Assets as Income to Qualify for a Mortgage

A little-known change in Freddie Mac’s rules could be a big help to qualifying retiring Baby Boomers and other savvy home buyers who have limited incomes, but substantial financial assets, for a low-rate conforming, conventional mortgage. The change lets lenders … Continue reading

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My Thoughts for the Week of May 13, 2013

We had another rough day in the bond and Mortgage interest rate markets last Friday, still trying to wrap my head around what happened. Last week we had virtually no domestic news capable of disrupting the market, but apparently some … Continue reading

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My Thoughts for the Week of May 6, 2013

Sure enough, data last week was able to disrupt the markets big time on Friday. April jobs report came back stronger than expected, as well as upward revisions for Feb and March, dropping the unemployment rate to 7.5%. Bond and … Continue reading

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