Monthly Archives: December 2011

MORTGAGE RATES LIKELY TO RISE IN 2012

HAPPY NEW YEAR – MORTGAGE RATES LIKELY TO RISE IN 2012 December 27th, 2011 The bond market closed last week trading down (- 66 bps).  Interest rates/pricing rose last week by approximately .5% in costs.  This week will likely remain stable but we could see further rate increases next week.  I expect rates to rise […]

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MORTGAGE RATES REMAIN AT RECORD LOWS

MORTGAGE RATES REMAIN AT RECORD LOWS: December 19th, 2011 The bond market closed last week trading up (+ 66 bps). Another good week for the bond market but we have reached a level where rates aren’t really going any lower, regardless of the bond market. Some lenders have raised their pricing a little bit, even […]

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MORTGAGE PRICING BACK TO LOWEST LEVELS EVER!!

MORTGAGE PRICING BACK TO LOWEST LEVELS EVER!! December 14, 2011 It has been a great week for interest rates.  The bond market has rallied + 65 bps this week, pushing mortgage rates and pricing back to their lowest levels EVER!! As I have discussed in previous updates, pricing can get better but rates should not […]

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MORTGAGE PRICING IMPROVES ; HARP 2.0 UPDATE

MORTGAGE RATES IMPROVE: December 5th, 2011 Fixed Mortgage rates improved slightly last week with the bond market closing + 53 bps.  ARM pricing has started to creep a bit higher lately.  ARM loans are less tied to the bond market than fixed loans are.  There is not too much data coming into the markets this […]

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SIRI COMMERCIAL PARODY:

Really funny – Warning – some adult content.

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HARP 2.0 UPDATE : December 1st, 2011

HARP 2.0 UPDATE December 1st, 2011 I am getting a ton of calls today regarding HARP 2.0.  Just wanted to give a quick update.  Even though HARP 2.0’s application date starts today, there are not any lenders that I know of (including my bank) that actually have the product available yet.   I think in […]

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