Happy Friday, So, are you going to wait for rates to go up or prices to go up before you buy??? Everyone has to recognize this is the bottom. The unemployment figures came out today and the hopes of QE3 from the FED are long gone. The January jobs report showed an increase of 243,000… Read More

Happy Friday, Rates are looking great again this week after a tough start to the week. Rates had gone up a touch at the beginning of the week, but, have settled back into the groove with the 10 year T bill closing under 2% today. What programs do we have that are unique that may… Read More

Happy Friday, Interest rates pushed up a tiny bit today as the 10 year treasury yield received some upward pressure on good economic news. But, in the background lurks the nasty Greek debt. Greek’s financial fate hangs in the balance as investors have already agreed to a 50% write down on their bonds so at… Read More

Happy Friday Evening, The market on the 10 year Treasury Bill closed at 1.85% today keeping rates very low at the near same levels as last week. Europe continues to gain momentum as they had a great week in selling European Bonds keeping their rates low as well.

Happy Friday, Interest rates are looking great this week. How about a 30 year fixed at 3.5%. Does that do anything for you?? The jobs report came out today with an increase to jobs in December of approximately 325,000 new jobs created (per ADP), but, the bond market doesn’t seem to care. Bond traders are… Read More

Happy Friday, Do you want to save $120 million over five years? Stop printing treasury bonds…The Treasury Department switched to an all-electronic initiative last year and starting January 1st you will no longer be able to purchase paper treasury bonds. All bonds moving forward will be bought online which saves money on tracking, printing, mailing… Read More

Sorry for the delayed rates, but, they are worth it. Rates are still fantastic and turn times for purchase transactions are smoking fast!!! We just received an approval on a purchase after 48 hours on a conventional 30 year fixed rate this week. Great news. If you have monitored the European rates this week, Italy’s… Read More

Good Evening, Interest rates are pretty flat from last week fighting off the rise in the 10 year treasury yield closing today at 2.10%. That closing is much higher than last week, but, rates are basically flat. The president of the St. Louis Federal Reserve Bank stated at a meeting today to Bloomberg that he… Read More

Happy Thanksgiving,   As we approach this joyous holiday, I am very thankful for the blessings I have been given. You are part of that. Thanksgiving is a day to give back to those less fortunate, and to remember those that protect and have sacrificed for our Freedom. As you spend time with family and… Read More

We have a few things to go over in this week’s update, the first of which is HARP. FNMA released the new HARP guidelines that came out on November 15th. I have attached a copy for you to review. They look almost identical to the first HARP. The biggest thing to remember is that a… Read More