My Blog

Rates at 40 Year Low

editor — Fri, 25 Jun 2010 16:14:21 +0000

“Persistent worries about the global economy are roiling the stock market, but they also are proving a boon for borrowers.” If borrowers are able, now is a rare opportunity to obtain extremely low interest rates on home financing. Per Prabha Natarajan and Matt Phillips in today’s WSJ, read more

Surprisingly Low Mortgage Rates

editor — Mon, 24 May 2010 22:16:19 +0000

Luck may be with borrowers wishing to purchase or refinance their home mortgages at the current time. 30 year fixed rates dipped below 5% this past week. Read more

Avoid Foreclosure

editor — Tue, 27 Apr 2010 22:07:46 +0000

Avoiding foreclosure with a “deed in lieu of foreclosure” or a “short sale” may improve your future homeownership prospects, per new proposed financing rules. Read more

Refinancing may get easier

editor — Tue, 09 Mar 2010 21:49:47 +0000

If banks adhere to federal pressure to write down second mortgages, more refinances may be possible for homeowners wishing to reduce their monthly mortgage payments on their first mortgage. Read more

Refinance Now?

editor — Wed, 03 Mar 2010 17:22:19 +0000

Now may be a good time to refinance. Rates are at extrememly low levels. WSJ writer, Nick Timiraos, studied homeowner’s current hesitancy in reducing mortgage payments with current, low rates that are available. Read more

2010 Has Begun

editor — Mon, 04 Jan 2010 19:25:18 +0000

Real estate outlook, article in Wall Street Joural by Nick Timiraos and Anton Troianovski. Read more

Happy New Year!

editor — Thu, 31 Dec 2009 18:47:16 +0000

Happy New Year to our wonderful clients! We look forward to working with you for your real estate financing needs in 2010.

Mortgage Rate Watch!

editor — Tue, 29 Dec 2009 23:39:26 +0000

Article by Victor Burek (Mortgage News Daily)

Mortgage rates continued to tick higher yesterday as benchmark Treasury yields rose and prices of mortgage backed securities fell for the sixth consecutive session. Most of the losses occurred early in the day, so price weakness was already accounted for on lender rate sheets when they were issued. Read More