First, what are the expectations of the Fed's next move on Prime Rate? Today around 1:15, the FOMC (Federal Open Market Committee) is meeting and the results are to help estimate their next position … [Read more...]
Frisco Mortgage
Interest Rates Are Not Looking Good
Hoping for better rates so you can lock down on a rate soon? Patience may bring fruition, or "the early bird gets the worm" and you missed the worm. Moving.com reported today on their website about … [Read more...]
Employment Reports Hoping to Drop Mortgage Rates
What are the hopes for the short term in interest rates for your hopes in a more successful refinance? In a daily report yesterday, Moving.com said, "Current forecasts call for a 0.3% increase in the … [Read more...]
Daily Mortgage Rate Commentary
Wow, got here today fired up to work and tightened up some "business bolts", and submitted some refinance files, all the while checking on my always reliable Mortgage Interest Commentary Site for … [Read more...]
2009 Economic Forecast
Over a week ago, I was able to make it to the Ted Jones 2009 Economic Forecast. Ted is the Cheif Economist for Stewart Title. There are many great points he made, and in this Blog, I want to just … [Read more...]
Unbelievably Super Low Rates Today, but What About The Rest of the Week
Ultimately, yesterdays economic news was GREAT for today's rates, but there was some major volatile "others" that gave us a mid day worsening. In the end, we saw better rates today still, thanks to … [Read more...]
Builders In House Mortgage Relationships Soon To Be Changed
Builders have been a big problem over the years with dangling incentives for potential buyers to use their affiliated mortgage company. Nothing was more aggervating than to lose a loan after I have … [Read more...]
Refinance Boom Becoming More Real w/ Rates Below 5% Today
Short and sweet! Junk mail has been hitting my inbox for about a week now talking about an expected "refi boom". Well, that looks more and more likely. Today, the 30 year fixed rate has officially … [Read more...]
Motivation Frisconians?
Today was just a good day to post a positive feel post. It's cold outside, and I can hear the wind whistle by the window...AND it's Monday. On days like this, I know that purpose and pro action needs … [Read more...]
Converting Existing Home to Rental to Qualify for New Purchase
Assistant Secretary of Housing for FHA, Brian Montgomery, announced a new plan to govern against the "buy and bail" issue so prevalent in our industry today. Recently, FHA and others in the mortgage … [Read more...]
