Mortgage Market Update/Purchase and Refinance Mortgage info

[Tamalewagon]

The MBS market opened in negative territory this morning following the release of the retail sales and new Jobless claims info. The MBS market has since rebounded well into positive territory erasing the losses from this morning although the 10-year bond remains slightly in negative territory. Thankfully the FED has stopped depending heavily on the BLS jobs reports as it has been subject to heavy revisions and is not very reliable.

We will hopefully see price improvements this morning from the upward swing of the MBS market.

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

Call us today for your purchase or refinance loan scenario at 866-476-2494 or click HERE to get wholesale pricing for your specific loan scenario.

TIP OF THE DAY: If you are thinking about purchasing a house, DO NOT hold out for lower rates. You will be leaving future equity on the table and you will end up purchasing the same or smaller house later for more money. You can always refinance to a lower rate when the market adjusts. Call us for the lowest rates for your California purchase.

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Friday campers!

We now have a 100% LTV FHA purchase program that allows purchases up to $806500. Call me for details.

See the details in Friday's Rate Lock Advisory...click HERE

Call us today for your purchase or refinance loan scenario at 866-476-2494 or click HERE to get wholesale pricing for your specific loan scenario.

TIP OF THE DAY: If you are short on cash for down payment, have your realtor negotiate for the seller to pay the closing costs.

Scott Wenhe
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Tuesday campers! The MBS market opened in positive territory this morning following yesterday's monumental day. Looking long term, the President's promise to "drill baby drill", will positively impact mortgage rates by 2027 according to MBS Hwy. Price per barrel could dip into the $50 dollar range which would indirectly lower inflation.

See the details in Tuesday's Rate Lock Advisory...click HERE

Call us today for your purchase or refinance loan scenario at 866-476-2494 or click HERE to get wholesale pricing for your specific loan scenario.

TIP OF THE DAY: Ask me about a "temporary buy down" on your interest rate on our 15, 20, 25 and 30 year fixed purchase and refinance products. It is a great way to be below market rates in the first year or two of your new mortgage while we wait for mortgage rates to subside. Call me for details.

Scott Wenhe
619-255-3182
[email protected]