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
scottwenhe@gmail.com

 

[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
scottwenhe@gmail.com

 

[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
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Hump Day campers!

Rates have been slowly creeping downwards which is good news. The MBS market opened slightly in the positive this morning but has since gone a few BPS in the red. The bond market is in the positive ahead of todays bond auction. Hopefully that trend continues this afternoon.

See the details in Wednesday'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 considering a home purchase in Riverside or San Bernardino, there are several purchase loan options available for you that are well below current rates. These programs are designed for lower income levels and the program also grants a $5000 credit to the loan costs. Call or email me today for more information on these options.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Here is some good/great future news. With the new administration, they are much less likely to post phony jobs reports and job opening reports. This should correct the current inflation rate and the FED will have to correct their stance and predictions. They will also have to start purchasing 10-year bonds when they start talking about the next rate cuts. The last 3 FED rate cuts led to higher mortgage rates because of the phony jobs and JOLTS reports.

Get your applications in now and be ready...lower rates are coming!

 

[Tamalewagon]

Happy Friday campers!

Both stocks and mortgage bonds started the day off higher which is good news for mortgage rates. A couple of factors should help rates go lower in the near future. Corrected jobs and JOLTS reports that show correct stats on higher unemployment and lower job openings should help push down rates. Biden's regime pushed the phony reports for political gain and pushed mortgage rates higher in doing so. We should see solid gains in rates very soon.

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: Homebuyers can now get 100% FHA financing on purchases up to $806500!

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS market is off to a great start this morning largely due to the flight to safety from the stock market losses. Get your applications in and lock rates while this dip lasts.

See the details in Monday'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: DSCR investment loans use the target property's income to qualify, not personal income. This is a great product to start or continue your investment property purchases.

VA construction loans are now available at Wenhe Mortgage and Realty.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Tuesday's MBS market has opened in negative territory this morning reversing some of yesterdays solid gains. This is likely due to the stock market beginning to rebound from yesterdays sell off. New home sales are up which is good news for the housing market.

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: Looking to sell your home in San Diego or refinance in CA? See how much your home is worth HERE


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Hump Day campers!

The MBS market has opened relatively flat this morning but we saw great improvements yesterday and lower rates. We should see a slight improvement on rates this morning due to late day improvements yesterday. Not much is expected from the FED meeting later today (always a day late and dollar short). Rates are in a dip and it's a good time to lock.

See the details in Wednesday'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: One of our most aggressive lenders has slashed their pricing by .6BPS on cost per rate. That is a huge savings and puts us well below banks and credit union pricing for all products. Price us for your CA purchase or refinance.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Good Morning RDPland.

Once again we have started the day off in solid POSITIVE territory which is great news for rates this morning. What isn't great news for mortgage rates is that tomorrow's Personal Income and Outlay data which includes the Personal Consumption Expenditure data will be released and is expected to show a slight rise in income and spending. The Fed governors use this index as their preferred inflation barometer which means we may see higher mortgage rates tomorrow morning.

I would advise locking your rate this morning if you are financing in the near future.

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: Don't eat the yellow snow.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Friday campers!

Those of you with rates above 7%, get your refinance applications in now. Rates have dipped and that means solid monthly savings.

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: Before you starting shopping for a new house, don't forget to call us to get pre-approved so you know exactly how much you can afford.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Monday Campers!

The MBS market in slightly negative this morning by 1BPS. We should see some positive movement shortly.

The focus this week will be on tariffs and the weak minded Fed fools. Any of us that have taken Econ 101 know that tariffs are mainly used as a negotiation tactic. They also bring in much needed revenue and eventually lower the cost of goods. I don't have the space (nor does Dave have the bandwidth ) to write about the interesting history of tariff use but there is some good reading there.

See the details in Monday'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: VA construction loans are now available at Wenhe Mortgage and Realty. This is a one time build to permanent loan with excellent low VA rates so you don't have to pay for two loans.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The JOLTS (job openings and labor turnover) was released for December and was revised again from an upward revision correcting the numbers and show the job openings are down dramatically and are trending lower per MBS. The labor market is getting softer. Weaker markets create better mortgage rates sadly.

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: Looking to refinance? See how much your home is worth HERE


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

There is a SOLID dip in rates this morning. The MBS market is on fire right now. It's a great time to lock your rates this morning.

Wednesday'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: We now have 90% loan to value CASH OUT refinance products available for conventional loans.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

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.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Friday Campers!

The Governmental Employment report did not go our way unexpectedly. The report showed conflicting strength in the employment sector which caused a bond sell off this morning which slightly raised rates early on. The MBS market is currently rallying due to favorable payroll numbers that were well short of the predictions and we may gain back the losses suffered from this mornings report. Stay tuned.

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: Know your purchase budget before shopping for a house. Get pre-approved and be comfortable with your payments and have additional available monthly disposable funds so that you are not house rich/cash poor.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Monday campers!

The MBS market opened in positive territory this morning which is good news for rates. What could possibly be great news for rates is the CPI report this Wednesday. The index is expected to show headline inflation between .24% and .3% which could cause the year over year figure to remain at 2.9% per MBS Hwy. This could trigger a solid bond rally which would drive rates down even further.

See the details in Monday'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: Never use your own money to attain wealth.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS market opened a little in the negative territory this morning furthering some of yesterday's losses due to the BS Fed talk. Regardless of the comments by the Fed, Chairman Powell has recently stated he sees inflation getting much closer to their goals. MBS Hwy has previously predicted that such comments might prompt lenders to lower their rates ahead of the next Fed meeting. Let's see how it plays out! Stay tuned!

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: Want to retire at a decent age? Buy rental properties with conventional investment or DSCR loans. Start 'em young and watch them retire at 50 a multi-millionaire.


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Hump Day Campers!

Well today just goes to show you that even the best economists get it wrong sometimes. The CPI report did not yield the expected numbers on inflation. Instead of showing inflation staying flat, it showed inflation rose .5% for the month of January which was much higher than the .3% that was anticipated. Instead of a modest dip in the rates, we may see a bit of a rate hike this morning sadly. We will see how it plays out this morning...

Wednesday'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: We now have 90% loan to value CASH OUT refinance products available for conventional loans.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Despite lousy economic news, the MBS market has rebounded nicely and we have regained almost all of yesterday's losses.

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:

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS market has again opened WELL into positive territory which has led to improved rates again! It's a great day to lock your rates for your refinance or purchase!

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: We WILL be opened this weekend for pre-approval's, purchase or refinance options.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS market opened slightly in positive territory this morning. That's good news for rates and hopefully we do not see any decline in pricing.

See the details in Wednesday'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: Is now really a good time to buy a home? With inflation still high, locking in a fixed-rate mortgage can help stabilize your biggest monthly expense — unlike rent, which keeps rising faster than inflation.⁠
⁠
Plus, as home values appreciate over time, homeownership helps grow your wealth.⁠
⁠
In short, buying a home is a smart hedge against inflation.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS market has opened in positive territory this morning which will hopefully drive rate improvements this morning. Today is a good day to lock your rates.

• You should be applying for a refinance if your current rate is 6.875% or higher.

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: Never kiss your Mom on your fathers birthday.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS market has again opened WELL into positive territory again which has led to improved rates again by approximately .25bps to cost. It's a great day to lock your rates for your refinance or purchase!

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: NEVER skip a home inspection.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Monday Campers!

Today the MBS market is continuing its upward climb which is great news for mortgage rates. I believe when all of these government jobs that are being cut hit the employment reports, we may see another sizable dip in the rates. Stay tuned for that information...

See the details in Monday'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 on the fence about purchasing a home, here are a few points that may change your mind about waiting...

• right now you have less competition, but not for long - rates are coming down daily which brings in 10's of thousands more buyers with each .1% rate improvement.
• Winter months bring lower purchase prices and you have sellers that are more motivated
• You will lose out on equity accrual by waiting for lower rates. It's like jumping over the dollars to pick up the penny. Yes, you can save hundreds of dollars per month with lower rates but you will lose out of 10's of thousands of dollars in equity by potentially paying a higher purchase price in the future. You can always refinance to a lower rate in the future.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Get your applications in now! HUGE dip in rates today! The MBS market is currently positive 22bps which is awesome news for rates. The last time the MBS was in the 101's was back in late Sept/early Oct which spurred a minor refi purchase surge. NOW is the time to get your applications in and rolling. Do not wait. This dip may be somewhat short lived.

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: See how much your home is worth HERE


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Hump Day Campers!

There is a another solid dip in rates this morning. The MBS market has been on fire. It's a great time to lock your rates this morning because we don't know how long this dip will last. We're seeing 30 fixed rates in the high 5% range so again, if you have a rate that is 6.75% or above, you should be looking at refinancing right now.

Wednesday'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: Want a faster/easier mortgage with lower rates? Work with a mortgage broker...not a bank or credit union.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS market opened slightly in negative territory this morning. However, the unemployment numbers should help mortgage rates today and there may be enough momentum to get back into positive territory today to help rates. Tomorrow will be the key with the PCE report. Inflation is expected to drop which should have a positive impact on rates. Again, tomorrow should be a good day to lock rates for optimum savings.

Rates are lower than they have been in the past 2 years right now with this latest dip. Don't wait to get your applications in if you have a rate above 6.75%. There is a great opportunity for some excellent monthly savings right now.

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: Consumer debt is at an all time high. Home equity is also at an all time high. Stop punishing your finances and consolidate that debt into one (much) lower payment. Your equity can help you build wealth...USE IT. Call us today for options.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Friday Campers!

Some more great news for mortgage rates! The bond market was able to get past the PCE worries. The MBS market opened well into positive territory again further rate improvements and we should have a good day for rates. We are seeing conforming rates in the 5% range again which is excellent news for home owners and home buyers alike.

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: Like many beginning investors, people wait until it is too late to grab rates while they are low. Don't jump over the dollars to pick up the nickels. Too many people get caught up with rates instead of using their payment and/or equity to build wealth. Don't be the beginning investor. Listen to your professional and use their experience and wisdom to your advantage no matter what the industry.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Monday Campers!

Today the MBS market opened on a sour note and then immediately reversed course to positive territory. We'll see how much of a positive impact this has on rates this morning. Stay tuned! We are still in a very positive rate dip. PLEASE get with me or your trusted mortgage broker to take advantage of the savings while they are on the table.

See the details in Monday'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.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Yesterday's tariff confirmation sent the stock markets into a bit of a dive which is great news for bonds and subsequently, mortgage rates. We saw a sizable rate improvement yesterday and we should also see a slight improvement to this mornings rates as well.

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: Teach your kids the power and importance of owning rental units while they are young adults. Buy as many rentals as you possibly can and retire a multimillionaire. The loans will be paid off by the time of their retirement and they will never have to worry about a pension or 401K...ever.


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Hump Day Campers!

The MBS market has opened relatively flat this morning after taking a few steps backwards late yesterday. The jobs created report showed many less jobs were created than were anticipated at 140,000 and there was a huge revision (negatively) for 2024 job creation reports that were -214,000. No surprise there as all of those job reports were inflated.

Wednesday'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.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

We have opened in negative territory this morning after yesterdays disappointing MBS results which may further the deterioration of rates today. The EU lowered their rate while facing higher inflation readings which is like throwing gasoline on a fire. It had terrible results in the EU and we felt the effects of their stupidity in our markets as well. Hopefully tomorrow's employment reports boost the MBS market and give relief to mortgage rates.

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: Pay attention to the Rate Lock Advisories when you are shopping for a purchase or refinance mortgage. They can save you hundreds per month and possibly 10's of thousands of dollars over the life of the loan.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Friday Campers!

As expected, the employment reports have helped mortgage rates this morning. Hopefully we see a modest reduction in rates as a result. Most if not all of our loan products have rates in the range of the mid 5% to low 6% range. If you have a rate in the high 6% area or above, you stand to gain a substantial monthly savings with a simple rate/term refinance.

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: Want to teach your kids to be financially secure and to be able to retire at a younger age? Teach them to Invest in several multi-unit properties at a young age and hold them. You can build wealth for generations to come for your family.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Tuesday campers!

We saw a strong MBS rebound late yesterday which helped mortgage rates quite a bit. However, it was short lived as the MBS market is currently down 9bps which may deteriorate mortgage rates by .125 on cost. Stocks are down again today so hopefully investors decide to "jump to safety" in the bond market which could help rally rates this afternoon.

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: Life is short and precious. Let your family know you love them.


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS and bond markets opened relatively flat or negative on what should have been a very bond friendly CPI report. Tariff talk has absorbed a lot of positive news this morning with "meh" results (stealing some of my kids vernacular).

Wednesday'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: Trust the tariff process. Tariff's are mainly used as a negotiation tactic and to even economic playing fields.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

MBS market opened slightly in negative territory but has since shifted back to the positive which should stop the rate bleed. There was positive inflation data reported so the MBS market strength should continue throughout the day hopefully.

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: Do not wait to purchase a home. Rates are down which means hundreds of thousands of more potential buyers are in the market to compete for properties. Refinance and purchase applications are up over 200% since the beginning of this year alone. Get off the fence.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Friday Campers!

Little bit of a gloomy start but looks like good weather ahead for this weekend. The MBS market opened in negative territory this morning. The jobless claims were down this week but the CPI was cooler than we expected yesterday which should have been favorable news. The reason we are still not seeing a pop in the rates is the markets are still very much focuses on the tariff tug of war. The US has been on the receiving end of uneven tariffs for decades and I am fully in support of evening the playing field. I just hope it evens out rather quickly.

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.


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Monday Campers!

Today the MBS market opened in positive territory and then fizzled out. We're still in positive territory but not nearly as strong as earlier on. We are still in a very positive rate dip. PLEASE get with me or your trusted mortgage broker to take advantage of the savings while they are on the table.

See the details in Monday'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.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Good Tuesday Morning Campers! The MBS market has opened relatively flat this morning to the negative side. Rates are still steady in the high 5% to mid 6% range for 30 year fixed options and mid 5 to high 5% range for 15 year fixed options depending on credit scores and loan to value.

Let's hope tomorrows GDP get's the FED's attention finally with a drop in the Prime rate during the next meeting.

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: See how much your home is worth HERE


Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Hump Day Campers!

The Fed concludes their 2 day meeting today at 2pm ET. I am hoping the Fed will announce they will stop their balance sheet runoff. Once they do, the Fed will reinvest billions per month back into treasuries which would absorb some of the supply and be a good thing for the bond market and subsequently...mortgage rates.

Wednesday'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: The Fed controls the Federal Funds Rate which directly impacts home equity lines of credit rates, credit card, car loans etc. It does NOT directly impact first mortgage rates. That is impacted by bonds and the MBS market mainly. If you financed into a low first rate mortgage, call us for a HELOC (home equity line of credit) to consolidate debts, college tuition, home improvements or additional investment purchases.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

The MBS saw great gains yesterday and has opened in positive territory this morning. Hopefully we seen more rate improvements throughout the day today.

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: Consumer debt is at an all time high. Home equity is also at an all time high. Stop punishing your finances and consolidate that debt into one (much) lower payment. Your equity can help you build wealth...USE IT. Call us today for HELOC or cash out refinance options.

Scott Wenhe
619-255-3182
scottwenhe@gmail.com

 

[Tamalewagon]

Happy Friday Campers!

The MBS market saw some pretty strong fluctuation this week and is currently in positive territory (barely). FedEx revised their earnings outlook which may be indicative of a slowdown. If UPS and Amazon follow suit, that would give a lot of strength to that particular outlook and would be very good for mortgage rates.

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: We are in a very strong rate dip. If your rate is at or above 6.875%, you should be looking to refinance. We can keep your present term of whatever year you are in (i.e. if you are 3 years into a loan, we can do a new refinance at current rates for 27 years instead of a new 30 year term so you don't lose ground).

Scott Wenhe
619-255-3182
scottwenhe@gmail.com