Scott Fowler's (sfowler) Blog

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Mortgage and Lending - Guaranteed Rate (NMLS ID #2611) - NMLS ID #107432
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Mortgage rates are crazy low!  If you have an existing FHA or VA loan call today and ask about a SUPER EASY Streamline.  You can streamline any previous FHA or VA loan with little documentation, no credit check, no income verification or asset verification!  What could be easier than that? You mu...
04/22/2009
You would think last month's Existing Home Sales report signals more trouble ahead for the housing market.  Quite the opposite. Beyond the headlines is the real story;  one that shows housing market fundamentals are coming back into balance. As home values tick lower, it appears, value buyers are...
02/26/2009
One popular housing theory is  --  before a bona fide housing recovery can begin -- the cost of owning a home versus renting one must return to historical levels. If that belief is true, a national return to rising home prices may be in store for 2009.  Falling home prices and falling mortgage ra...
02/25/2009
Consumer confidence reached an all-time low and 100,000 Americans were issued layoff notices last week.  For the 3rd consecutive week, mortgage rates rose and average loan fees increased. Amid all of the negative economic news, however, there were two bright spots worth identifying.  First, the s...
02/02/2009
Mortgage Bonds are off to a great start in 2009, as the Fed begins its planned purchase of $500B Mortgage Backed Securities. This process will continue gradually through June and should improve Mortgage Bond prices.  What does this mean in plain English.  LOWER RATES!!!   For today, there are no ...
01/05/2009
Best wishes for a safe and happy Holiday Season! With home loan rates at historic lows, there has never been a better time to examine your own home loan situation and plans for the future. Sometimes human nature drives people to be a little greedy and attempt to wait for even lower rates before a...
12/24/2008
  In late-November, the Federal Reserve pledged $600 billion to buy mortgage-backed securities.  The announcement drove down mortgage rates and started the Refi Boom. Then, the Federal Reserve made a second series of statements after its scheduled meeting last Tuesday, causing mortgage rates to p...
12/23/2008
  In an effort to limit risky borrower behavior, Fannie Mae has announced a new round of mortgage guideline changes .  Unlike previous its previous 20-plus updates that raised income requirements and minimum credit scores (among other changes), Fannie's latest guideline tweaks focus on the value ...
12/13/2008
Business television is abuzz this morning with talk of "4.5% mortgage rates"; this clip  ran on NBC Today.  The news stems from a leaked story the U.S. Treasury will intervene in the mortgage market, lowering rates a full percentage point below current levels. As cited by every journalist in ever...
12/04/2008
 Each Wednesday, the Mortgage Bankers Association releases its Weekly Applications Survey, a detailed look at new mortgage applications submitted over the previous 7 days. This week's report will reveal what most of us already know -- plunging mortgage rates created a flood of mortgage activity....
12/02/2008
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ScottFowler

Branch Manager / VP Mortgage Lending
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Daily commentary on mortgage industry. Every thing you need to know in plain English!