Tag Archives: california mortgage broker

Fannie Mae New Program to Assist First-Time Buyers With Closing Costs on HomePath Properties

Fannie Mae has announced the launch of the HomePath Ready Buyer program, through which qualifying first time homebuyers can receive up to 3 percent of the home’s purchase price in closing cost assistance toward the purchase of a Fannie Mae … Continue reading

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My Thoughts for the Week of Sept 3, 2013

September already, yikes! Not that it applies to anything, but on September 2, 1789 the United States Department of Treasury was established. On Sept 3rd, their first order of business was to apply for a line of credit… Seriously though, … Continue reading

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My Thoughts for the Week of Aug 12, 2013

Last week was pretty uneventful, as expected. Bonds ended the week unchanged from the previous Friday. Even though the bond  markets were unchanged interest rates are slightly better than they were last Monday, we’ll take that. We had a mixed … Continue reading

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My Thoughts for the Week of July 8, 2013

If you were lucky enough to get the 5th off, welcome back from the long weekend. A lot can happen in such a short amount of time. Last Friday, with skeleton crews running the trading desks, we saw the release of … Continue reading

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My Thoughts for the Week of June 24, 2013

Last week was nothing less than tragic for mortgage rates, as was anticipated if Bernanke could not calm the markets. In fact, instead of calming the markets as i thought he would, he came flat out and said QE3 will … Continue reading

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Obama Considering HARP for Non-Agency Borrowers

This is for all the responsible homeowners out there who are current on their mortgages but have been unable to refinance because they could not qualify for the HARP program because their mortgage is not owned by Fannie or Freddie. … Continue reading

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My Thoughts for the Week of January 28, 2013

This Week has a lot of data, the FOMC meeting, Treasury auctioning $99B of notes, and the January employment data. Also on the table, the Senate is expected to vote on the suspension of the debt ceiling that passed the … Continue reading

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My Thoughts for the Week of January 14, 2013

This week has plenty of Economic data on the calendar which will make up for last week’s lull. Expect lots of daily volatility, with intra day repricing possible all week. Rates shouldn’t venture too far, but feel free to contact … Continue reading

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My Thoughts for the Week of November 12, 2012

Today we honor our Veteran’s, thank you to all who serve in our military! Today the bond and mortgage markets will be closed but the stock market will be open all day. Interest rates have fallen a bit and could … Continue reading

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Hurricane or Superstorm, the Term Matters

What’s the difference between a hurricane and a “superstorm?” Well, Sandy was a hurricane that turned into a superstorm when it, laden with energy and moisture from the tropical Atlantic, combined with a winter storm fueled by the southward plunge … Continue reading

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