Greg Rielly's (teamrielly) Blog

 YOU TUBE!Is this is how our turbulent and volatile marketplace really works? It makes you wonder! Watch the humorous John Bird and John Fortune in "The Last Laugh."Click here: http://www.youtube.com/watch?v=SJ_qK4g6ntMHave fun,Greg Rielly, CMP  Offices at Mortgage Advisory Group, downtown Everet...

 Dear Friends & All--It has been recently reported that the main lender, Merrill Lynch, of the $400 million Port Gardner Wharf project in Everett, WA., has backed out of it's financing commitment. Developer Maritime Trust is looking for new financing for this great project. Even so, what I picked...

 Less of a mess locally: "Experts say a healthy economy helps shelter the area's real estate market from some of the subprime mortgage woes other states are experiencing..." by Debra Smith, Herald Writer "If they go out after the home loan and buy Wave Runners, boats, cars and other unnecessary i...

  Mortgage Market Update - Thursday, December 13, 2007 2:38 pm ET FNMA 30-Year 5.5%$99.19-28bp -6bp -16bp -19bp -16bp -19bp -25bp          FNMA 30-Year 6.0%$101.06-16bp-3bp-9bp-12bp-9bp-9bp-12bpFNMA 30-Year 6.5%$102.44-9bp0bp-6bp-3bp-6bp-6bp-9bpGNMA 30-Year 6.0%$101.84-12bp3bp-6bp-9bp-6bp-9bp-16b...

 Dear Friends, Clients, Associates & All-Volatility is back.  At 2:15pm ET, we will get the long awaited Fed Rate Decision and Policy Statement, which promises to bring even more volatility.  We know we are getting a cut, but the size and the tone of the accompanying statement are the wild cards....

 Hello Friends, Clients, Affiliates, and All:After a sharp run-up in Bond prices, which helped long-term home loan rates drop to multi-year lows, I felt a correction was due...and it finally happened over the past 24 hours. A large drop in Bond prices came by way of the Jobs Report, which was a b...

 Hello Friends, Clients, Affiliates, and All: The big news of the morning - Goldman Sachs downgraded Citigroup to a "Sell" from a "Hold", saying that Citi could have to write off an additional $4 Billion due to sub-prime mortgage related losses. This announcement has applied pressure on Stocks, w...

 Thursday, November 1, 2007Dear Clients, Affiliates, Friends & All:Bonds are rallying a bit this morning, erasing yesterday's losses. The main reason for this rally is that the Stock market is down significantly so far today.In other news, the markets are expecting tomorrow's Jobs Report to show ...

 Dear Friends, Clients, Associates & All-In recent days, I have had several inquires about the upcoming September 18, 2007 Fed Reserve Meeting (FOMC/Federal Open Market Committee) and the possible impact on "short-term" and "long-term" interest rates.   As such, I thought I would share some of my...

 Anyone watching or reading the financial news over the last few weeks has seen a lot of angst and consternation over the state of the mortgage industry. In fact, one of the larger lenders in the US, American Home Mortgage, was forced to shut down operations recently. Now Countrywide, the largest...