Mortgage Market Update/Purchase and Refinance Mortgage info

[Tamalewagon]

The bond and MBS markets are back in positive territory this morning. That should give us favorable rates today!

See the details of Wednesdays Rate Lock Advisory...click HERE

Have questions about which mortgage loan is right for you? Call us at 619-255-3182 or email me at [email protected]. For California borrowers, we offer rates that are consistently lower than any credit union or bank for 1st mortgages on your purchase or refinance.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

The MBS and bond markets are well into positive territory this morning. We should see favorable changes to price per rate late morning. It will be a beneficial time to lock once we see the market improvements take effect.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

For those of you interested in your home's value, here is a good article on home appreciation - click HERE

See the details of Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Monday’s bond market has opened down slightly as traders await this week’s economic news. There is some major inflation information releases later this week that could impact mortgage rates.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Tuesday’s bond market has opened in negative territory following unfavorable inflation news. It revealed inflation at the consumer level of the economy was a little hotter than expected. This should cause an increase in fee per rate by approximately .25%.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Wednesday’s bond market has opened in negative territory but has since moved into positive territory cutting off yesterday's market weakness. Hopefully this negates any pricing deterioration in the price per rate this morning.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The stocks and bond markets have opened in the negative territory this morning and are still feeling the impact of the negative inflationary news earlier this week.

See the details in Thursday Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Friday’s bond market has opened in negative territory as yesterday’s selling carries into the new day.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

After the bond market fell apart yesterday, Tuesday’s bond market has opened in positive territory despite unfavorable economic news. I recommend locking your rate if you are purchasing or refinancing within 60 days.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Fed's decided not to pull the trigger on a rate decrease yet...

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The bond market opened in positive territory this morning following yesterday's rally. Today's pricing should reflect an improvement and it is a good day to lock your rate.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Friday RDPland! Friday's bond market has opened well into positive territory making it a great time to lock your purchase or refinance loan.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The bond market has opened fairly flat this morning with not much change +-. I would suggest that now (8:25am) is a safe time to lock your rate given the gains late last Friday should stave off any early pricing deterioration this morning.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Tuesday’s bond market has opened in negative territory despite mostly neutral economic news.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Blackmagic94]

Getting a 4.99% fixed 30 on a new quick move in plus 6500 in closing costs and some other extras.

 

[Tamalewagon]

Getting a 4.99% fixed 30 on a new quick move in plus 6500 in closing costs and some other extras.

That's a good rate! What type of loan and what state? Builder financing?

 

[Tamalewagon]

Wednesday’s bond market has opened in positive territory despite an early stock rally. Yesterday’s 5-year Treasury Note auction went very well with the benchmarks indicating a decent demand for the securities but not well enough to for a large mid date drop in rates. This morning's pricing should reflect yesterdays gains.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Blackmagic94]

That's a good rate! What type of loan and what state? Builder financing?

Conventional
70% ltv
Lennar homes
Az

 

[Tamalewagon]

Conventional
70% ltv
Lennar homes
Az

Gotcha. Figured it was builder financing.

 

[Tamalewagon]

Thursdays bond and stock markets have opened in negative territory. However, with the strength of the closing markets yesterday, we should not see much (if any) increase in the cost per rate this morning.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Article on all time high consumer debt: Unlocking Financial Freedom

 

[Tamalewagon]

No reports today as markets are closed...

Happy Easter weekend RDP'ers.

 

[Tamalewagon]

Not exactly the best market day following Easter...

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Tuesday's market is trying to bounce back from the horrendous day we had yesterday.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Hump Day campers...

After a very nice rebound in the bond market yesterday, the jobs report (most likely inflated again) came out and put a monkey in the bond market wrench.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Thursday is seeing continued strength from yesterday. If you are locking in a purchase or refinance, this morning's pricing should improve by at least .25% in cost (not rate).

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Mondays MBS market started out with the Monday's blues sadly. I would advise holding off locking a loan until we see better news from the MBS and bond markets...

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Inflation is at it again. Stronger than expected inflation data is snuffing out the gains in the bond market we had yesterday causing the market to open in the negative.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The bond market opened negative again but is trying to correct itself and is showing some positive gains.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The bond market has reversed course and is in the black this morning. Hopefully it continues its positive trajectory.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Strong retail sales is hurting the bond market...I would not suggest locking this morning. Rates will be negatively impacted by mid morning.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Possible housing weakness caused by a slowdown in new builds helps to continue the bond market decline. Rates are climbing again...

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

After 2 days of chaos in the markets, the bonds are finally starting to reverse course. I would cautiously continue to float a purchase or refinance lock at this time and wait for further gains before locking a rate.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Thursdays opening gave back all of the gains we had yesterday. Wait for an improvement in the MBS and bond markets before locking...

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The bond market is trying to make a comeback but it is still feeling the sting from the last several days. I would still recommend holding off locking until we see a much stronger push in the bond market.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[DILLIGAF]

Scott.....Just wanted to thank you for the updates. I haven't paid much attention to it in the past but going to buy something soon. I want to pay cash and will be talking with my financial guy next week to come up with a plan of attack. I already know what his suggestion is going to be however, of course I will be listening closely.

Do you provide services in TX, TN Idaho, WY and SD?

 

[Tamalewagon]

Scott.....Just wanted to thank you for the updates. I haven't paid much attention to it in the past but going to buy something soon. I want to pay cash and will be talking with my financial guy next week to come up with a plan of attack. I already know what his suggestion is going to be however, of course I will be listening closely.

Do you provide services in TX, TN Idaho, WY and SD?

My pleasure. I am California only. Keep the cash in your pocket and invest it in units or more real estate. The way to extreme wealth is to always use someone else's money, capitalize and use it again etc etc.

 

[DILLIGAF]

My pleasure. I am California only. Keep the cash in your pocket and invest it in units or more real estate. The way to extreme wealth is to always use someone else's money, capitalize and use it again etc etc.

My situation is not typical. Thanks

 

[Tamalewagon]

My situation is not typical. Thanks

Want to go over it? Advice is free.

 

[Tamalewagon]

The market opened in negative territory this morning but is making a solid effort in a comeback to the positive. Rates are in the process of improving...

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[DILLIGAF]

Want to go over it? Advice is free.

Thanks. Got it handled

 

[Tamalewagon]

The bond markets are continuing their improvements this morning. I would still recommend floating a lock until we see more improvement in the bond market.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Bond market taking yet another beating erasing yesterday's gains.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

And the beating continues. Not a good day to lock your rate if you are closing 30+ days and out.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The bond market is trying to make a comeback but it is still feeling the sting from the last several days. I would still recommend holding off locking until we see a much stronger push in the bond market.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

A decent morning in the Bond market to start things off this week. It may turn out to be a good day to lock if your purchase or refinance is imminent. I would suggest waiting a little to see how things play out if you are in a longer escrow.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Another day on the MBS merry-go-round...

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Hump Day campers! The bond markets are doing their best to stay in the black today. We've had several days in a row of the MBS market getting hammered. If the bond market keeps improving throughout the day, it might turn out to be a decent day to lock your rate if you are closing within the next 30 days IMHO.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

The FED did not change the Prime Rate yesterday which thankfully did not negatively impact mortgage rates. The bond market is also taking the FED's lack of action positively as well.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]