Jeff's Blog

With the bond market up 8/32 today, we can expect a slight decrease in mortgag interest rates of approximately .250 of a discount. Stocks to follow suit. This follows yesterdays positive tone but to a lesser scale. The Labor Dept. reported over 500,000 new unemployment claims filed last week - a ...

The National Association of Realtors (NAR) has completed an analysis of the Home Valuation Code of Conduct (HVCC) and it seems to be having an negative impact. No surprise here!! The survey was conducted with approx. 40,000 random NAR members and the end result were response's from 3,600 members....

They said we can offer it. They said it was available. They said "it's a good thing". They said its here! Please correct me if I am wrong. We see nothing!! Does it really exist? Seem lots of lip service and little else.  As of today's date, of the 100's of lenders we communicate with, not a one o...

In an attempt to broaden the market for refinances (due to the fact that many who have the need do not qualify) Fannie Mae has made the following announcement -   This change is in an effort to increase the population of eligible borrowers for the Refi Plus manual and Desktop Underwriter options ...

Doing what we did in years past simply does not work in today's market. Are you frustrated with lower rates, lower home prices and slumping sales? In this market, sales should be UP! How to do it is the question. Please keep in mind that the following is simply based on statistics alone. Nothing ...

With Summer starting and buyers out "looking" now is the perfect time to develope some new relationships. Realtors working with Loan Officers and Loan Officers working with Realtors can make a great team. New loan programs, new guidelines along with lower home prices and more motivated sellers eq...

Seems that's the way people on this site like it. "It's not my fault?" "It's the economy?" "I don't know anyone doing that great now?" They all work. Don't let anyone tell ya they don't. Any excuse really will work if it makes you feel better. If you go through this site like I do from time to ti...

  In the old days (6 months ago), the ARM was the ideal loan for short term and low rates. Check out the graph below and see how the 5/1 is doing. If this trend continues and if you look at the far right side in Oct. on 30 year, the rates are getting better as expected. If your customers have be...

I recently looked at a post with a similar title here on ActicveRain. I noticed in reading the post that the information I found inside was similar to others that got far less views. I decided to search around ActiveRain for a while to get an idea of what types of posts get the most "views" - and...

We've all heard it before. Why not take this time when things are slow to re-think the basics. No matter what you're selling, the basics are usually the foundation to all success. As we get caught up in "life" it seems the first things that go are the basics. I recently noticed during a meeting o...