Greg Rielly's (teamrielly) Blog

Mortgage and Lending - New American Funding License #CL-6606 - MLO 76580
 Dear Friends of TEAM Rielly: Nationally recognized mortgage expert Sue Woodard of the Mortgage Market Guide provides four key questions to consider asking when seeking out a professional lender who is capable of advising you properly and troubleshooting the issues that may arise along the way:  ...
 SUNDAY HeraldNet: Prime time to step into the real estate market?People who want to buy a home should take a few basic steps, said Greg Rielly, a mortgage planner for the Mortgage Advisory Group in Everett.
 Everett, WA CPA / Bauer & Evans, Inc., P.S.Greg Rielly - Mortgage Advisor · BondStreet Wealth Management · The Internal Revenue Service · U.S. Small Business Administration  HeraldNet: Less of a mess locally"The responsibility doesn't r...
 HeraldNet: Should you panic over the stock market?"On the other hand, the cut doesn't mean mortgage rates are automatically headed lower, said Greg Rielly, a mortgage planner at Mortgage Advisory Group in ... " ENDPlease refer to the Table below. Federal Reserve rate cuts did not improve rates. ...
Wednesday, January 30, 2008 Dear Clients, Affiliates, Friends & All--It's Fed Day! Although we had some Economic Reports released this morning showing a mixed view on the economy, the big news of the day was the highly anticipated Fed Announcement (2:15 pm Eastern Time).The 50 basis point cut (1/...
Thursday, January 24, 2008 NEWZ!Dear Friends, Clients & All-History has a way of repeating itself. Back in September 2007 when the Fed surprisingly cut the Fed Funds Rate by 50 basis points, home loan rates actually moved higher/WORSENED  over the next few days (see my September 17, 2007 blog). T...
 Dear Friends & All--History does often repeat itself.  On Tuesday, the day of the special session Federal Reserve meeting and key interest rate cut, that afternoon Mortgage Bonds were trading a whopping 53 basis points higher.  This was much like what happened back on September 18th, 2007, the l...
 MARKET CLOSEDMortgage Market Update - (Wednesday, January 23, 2008 5:00 pm ET)FIXED RATE MORTGAGE-BACKED SECURITIES SecurityLastSaleDay Change9:00amEST9:30amEST10:00amEST10:30amEST11:00amEST11:30amESTFNMA 30-Year 5.5%$101.34-56bp -81bp -91bp -75bp -72bp -72bp -72bp FNMA 30-Year 6.0%$102.59-29bp-...
 Dear Friends & All--In a surprise move to stimulate a slumping economy and credit markets, today the Federal Reserve had an emergency intersession rate cut, slashing the key Fed Funds Rate by 75 basis points, lowering it to 3.50%. Also, in the wake of U.S. recessionary fears, the Fed cut the dis...
 My thought of the day! The nature of rate shopping and the bad player lender also reminds me of the movie "It's A Wonderful Life" in which Jimmy Stewart portrayed the good-natured businessman George Bailey. The basic premise of the movie is that one man's life touches the lives of many more arou...

Greg Rielly

Residential Loan Officer, DFI License #MLO-76580
smartphone(425) 870-9342
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