JP Marzano's (themortgagecall) Blog

Good morning…   I hope you were out enjoying this great weather. It felt like California! Sometimes I wish I still lived there but, I digress…   On today’s call: Markets, Housing and upcoming data, First-time buyers, Rates   -          The markets are relatively quiet to kick off the week, keepin...

I'm hearing more and more good news about the housing industry. And my business has picked up steadily in the first quarter. Yes, an improved economy will ultimately mean rates increasing, but honestly, it's the bigger picture that counts. Re/Max released the results of their analytics of home pr...

The school bell is ringing everyone...it looks like class might be back in session :) On a serious note, the bond markets have been getting slaughtered for the last week. Investors have been running their risk in the equity markets. As such, the flight to safety in the bond markets has been getti...

Good afternoon… I hope you had a great weekend. I dropped by a couple of open houses on Saturday. I’m glad I did! I was able to pre-qualify 4 prospective buyers, with one of them making an offer that day!   On today’s call: Markets, Housing in Chicago, Closing Dates, Interest Rates   -          I...

Lately, many homeowners have been discouraged from refinancing their homes due to the high costs now associated with FHA. The rates are much better these days but since the mortgage insurance premiums have increased significantly, the monthly MI payment increase would essentially wipe out any pay...

Hi everyone… I apologize for the delay in getting this out…I was in Florida last week and am getting back into the swings of things (in addition to applying aloe to my sunburned forehead)   On today’s call: Markets, RE Investing, FHA, Interest Rates   -          The markets are kind of flat today...

Hi everyone... Yes, change is in the air...and there's been a lot of it for me lately. Sometimesyou think something appears to be one way, when it in fact is not completelydifferent...just slightly off. And in the interest of my clients, I have to act fast. On today's call: Markets, Housing, Gift...

Things are looking a little shaky with rates lately, as they've spike over the last week or so.   The 10yr benchmark yield is on the move up.  Right now it looks like the breakthrough yield point (the point where rates will make another move upwards) is at approximately 2.10%, with a further rate...

Good morning…   It’s a beautiful “winter” day today and even though it’s a holiday I’m working! I know you don’t take much time off, so neither do I J   On today’s call: Markets, Housing – important numbers, Interest Rates   -         It looks like the debacle in Greece might be finally resolved....

You may have heard of the Obama administration's announcement of this "settlement" last week...with a price tag of $25 billion. If you're a homeowner, I'm sure you have. In my opinion, this is nothing more than a deal between the government's and the 5 largest servicers. They're the real winners ...