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Mortgage and Lending - Apex Home Loans - NMLS #369577
Mortgage ramblings from Lewis Poretz - Mortgage Advice - Market Updates - Problem Solver
RECENT BLOG POSTS
  The week ahead .....   The stock market is opening up down big time yet again. Speculators are calling for the Fed to cut rates up to .75% Jitters in the stock market have started another rally in the treasuries, which usually means lower mortgage rates. The credit market seems to be in a deep ...
10/06/2008
  in a nutshell .....     The stock market took it's biggest pounding ever, the stock market rebounded, the bailout was introduced, the bailout was defeated, the bailout was re introduced, the bailout passed.....Jobs losses are the worst in 5 years....Washington Mutual runs out of money, Wells Fa...
10/03/2008
Made it through today ( Tuesday 9/30 ) with three price changes for the worse from numerous investors. The stock market rebounded nicely. I predicted more doom and I must say it was a pleasant surprise. Mortgage rates took a beating as investors left treasury bonds in favor of the stock market. F...
09/30/2008
If you are a realtor or mortgage professional and after today you don't feel an eerie wind of change blowing in very rapidly you don't have a heartbeat..........   Mortgage rates should be really, really low after today but they are not. Homes should be selling like hotcakes but there not. Yes - ...
09/29/2008
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Ok - so the Fed and the US Goverment is helping out the big banks in order to control stability. Very cool. I bet these big banks appreciate this! I am certain the rationale behind this makes sense to the US and Global economies. I get this..... But let me ask you this - what about me? What about...
09/29/2008
Mortgage rates are going to ...... there gonna..... I really think....honestly I am simply baffled with the low level interest rates are currently. I thought rate would be near the 8% range by now. It is just what the cycle does. Rates had been low for a while. The correction has got to be coming...
09/26/2008
I have heard about the movie "Maxed Out" many times in the past but have never seen it until this evening. It is currently on Showtime. Everyone needs to watch this movie. I don't care if your rich or poor a great credit risk or on the verge of losing it all.   The movie demonstrates how corporat...
09/24/2008
I have been dealing with a particular client, ( let's call him Mr Smith ), for a few months now. He seems to be the type that just loves to hear what he wants to hear and not thr true facts. Mr Smith wants to purchase a property and has very little money. He is looking in an area that is approved...
09/22/2008
  Hey buddy, you know that line of credit you plan on using sometime in the future....  and about that 401K plan...... Some experts have stated recently  - the United States could be on the verge of a financial meltdown.   If you have not been in close contact with your financial advisor, go get ...
09/19/2008
A jingle is that little hook that gets stored in your memory banks. Many times a catchy jingle will have you humming the darn thing all day long..... typically jingles that last are simple sentence and often even just a word or even a zinger....   like the    yahoooooo....   Jeff Gay, a part of t...
09/16/2008