Author Archives: Administrator

My Thoughts for the Week of May 21, 2012

Posted on May 21, 2012 by Administrator

Another fairly calm week ahead of us domestically, which means once again most attention will be on Europe. The EU Summit starts Wednesday, whether or not Greece exits the EU will be a topic of discussion. Concern over Greece has … Continue reading →

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Friday May 18, Market Update

Posted on May 18, 2012 by Administrator

Some minor credit/rebate declines today in the mortgage markets, but the outlook remains positive for lower rates. The 10 yr and mortgages have made a huge run over the week or so, a slight pullback is not unusual. At 9:30 … Continue reading →

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My Thoughts for the Week of May 14, 2012

Posted on May 14, 2012 by Administrator

Interest rates could continue lower this week on increasing fears Europe is facing defaults from Greece and increasing likelihood Greece will depart from the EU, which could set up a domino effect with Ireland, Portugal, and Spain. Problems in Europe … Continue reading →

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My Thoughts for the Week of May 7, 2012

Posted on May 8, 2012 by Administrator

There isn’t much in the way of key economic reports this week and rates are starting off pretty close to where they started last week, but with a slightly better credit. Last week had a number of influential reports but … Continue reading →

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Debt Relief Act of 2007 set too expire soon!

Posted on April 30, 2012 by Administrator

The tax debt relief act of 2007, where the IRS forgives you of any 1099′s that result from short sale, loan mod, or foreclosure, is set to expire at the end of this year. This sounds like a long time … Continue reading →

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Weekly Market Update for April 16, 2012

Posted on April 17, 2012 by Administrator

Mortgage pricing continues to improve as more doubts about the economy surface, and don’t forget about Europe with Spain struggling to issue new debt now. Investors have continued their move into US Treasury bonds which has pushed yields down which … Continue reading →

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Weekly Market Update for April 2, 2012

Posted on April 2, 2012 by Administrator

My Thoughts for the Week of April 2, 2012:  This week’s headliner will be the February employment data on Friday. Luckily the stock markets will be closed and bond markets will be closing early in observance of Good Friday. Good … Continue reading →

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FHA about to tighten guidelines regarding credit collections

Posted on March 27, 2012 by Administrator

Beginning April 1st, home buyers with ongoing credit disputes over $1,000 will no longer be approved for a mortgage backed by the Federal Housing Administration. Buyers with collection accounts will either have to pay the debt off or enter into … Continue reading →

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All signs are pointing to increased housing demand

Posted on March 22, 2012 by Administrator

What do you get when you mix an improving economic outlook for the US economy, a healthy supply of housing inventory at record affordability, record low fixed interest rates, immediate passive income opportunities for investment properties, and situations in most … Continue reading →

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Here’s why the 10 yr note (and mortgage rates) shot up over the last two days

Posted on March 14, 2012 by Administrator

Interest rates are hitting a four month high this morning, breaking many technical support levels. The 10 yr and MBSs were hit hard yesterday and so far this morning another spike in rates. For four months the 10 yr traded … Continue reading →

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