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Mortgage and Lending - New Key Lending
Among lingering doubts about housing and credit markets, and a general uncertainty about the U.S. economy, the mortgage bond market tanked towards the latter part of last week. As investors moved away from mortgage bonds, mortgage rates forcefully bounced off their two-year lows. A major factor behind last week's run-up in rates is the market expectation for Tuesday's Federal Open Market Committee meeting. Those expectations sharply shifted after Friday's strong employment report from the Census Bureau and dragged rates along with them. Inflation is the enemy of mortgage bonds. Typically, as inflation rises, so do mortgage rates.
RECENT BLOG POSTS
http://ml-implode.com/info/cw-heloc-plan.pdf I just received this, and wanted to share it with the community.
01/31/2008
Yesterday, the US House of Representatives overwhelmingly passed HR 5140 - an economic stimulus package that includes a temporary increase in the conforming loan limit and the upper threshold for FHA loan programs to as much as $729,750 in high-cost areas.  The temporary increase would last only ...
01/30/2008
Hello All!Well it's Tuesday!  Here is what's made news today.. There is still more talk about the economic stimulus bill and what areas will see the biggest change if conforming loan limits are raised.There are 19 metropolitan areas where the economic stimulus package's changes to the conforming ...
01/29/2008
TechniqueFirst you need your clients to become your ally, and you need to emotionally connect with them, telling them that you understand how they feel. Then tell them about somebody who felt the same way.Next tell them how that other person found that things were not so bad and that when they di...
01/29/2008
This topic appears so easy, yet so many people fail to be `consistent` in their marketing efforts.  For example, I hear Loan Officers say things like `I just mailed 200 postcards, now what do I do? ` The answer's pretty simple...  Send 200 More Next Week!  Then the next week, and again the follow...
01/24/2008
So, do you really think that the .75 move yesterday, and the subsequent reaction by the bond is going to spur a refi boom? Perhaps!!! Personally, I believe that a true refi boom can be spurred by one integral component of our business.....RAISE THE CONFORMING LOAN LIMITS!!!I thought that you shou...
01/23/2008
 Consumers are often misled when it comes to the subject of the Federal Reserve and how it affects mortgage interest rates. Often the media is the culprit causing the confusion. In the last few years, the Fed has taken action that caused mortgage interest rates to move in a direction other than w...
01/21/2008
It sounds  simple. A Reverse Mortgage will give you extra money for living expenses, prescription drugs, and health care. Shouldn't seniors be running to get one? Not so fast. A reverse mortgage is very serious business, and in my opinion should be discussed with family and heirs. In most loan sc...
01/13/2008
3 Comments
Always have an inspection for hidden damage performed by a home inspector or construction professional before buying a fixer-upper. Make sure that satisfactory completions of such inspections are a condition of purchase in any contract you sign. Then be sure to negotiate to try and get the seller...
01/09/2008
In my opinionI feel that, as credit tightens and Fannie and Freddie tack on fees, rates will rise. I believe for now we will have lower short term rates, and higher rates for the long term.Mortgage rates were higher at the end of this year than they were at the beginning. I would like to get inpu...
12/27/2007
Rainer
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Bernie Germani

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The Week In Review (December 10, 2007)