With the Bill still on the Hill, the markets are in a tizzy. Nobody knows where it will land come Thursday, when the recess is over after the Jewish Holidays. (Great timing, Uncle Sol!)
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  Everybody is talking about the Big Bailout!  I received calls from journalist today asking my opinion about how the bailout will affect mortgage rates.  I had frantic calls from
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  While the government is hashing out how to save Wall Street/Main Street, they are quietly pulling back on their own lending.   Can’t really blame them for wanting to run scared,
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Interest rates will fluctuate enormously over the next few weeks.  Due to the volatility in the global markets and the political environment circling the banking industries, banks
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Stated income jumbo loans (over 417,000) are still around. Yes they are!    I cannot predict how long, but I can tell you HSBC has a great loan. Citi and Bank of America do too.  There
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What to do if you locked in your interest rate and they go down (after that) enough to really piss you off?   You call your lender and negotiate a reprice. How does a reprice work? 
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      You would think with all of the turmoil interest rates would be going down.  At least that is what the mass media is telling my clients on the boob tube.   Well, they are wrong. 
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I received several emails from clients wanting confirmation that the national mortgage rates are now below 6% for a 30 year fixed. Several called insisting that I lock them in today!
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PMI (Private Mortgage Insurance) is required when a mortgage is over 80% of the value of the home.  This is obtained by the banks on behalf of a borrower and paid for by the borrower whether
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The 2008 Temporary Loan Limits will expire on Wednesday, Dec. 31, 2008, for the High Balance Conforming Loan Program and the High Balance FHA Loan Program.      Yes, after Labor
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