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Mortgage and Lending - Platinum Funding Group, Inc.NMLS-243033 - NMLS 4195
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RECENT BLOG POSTS
  More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June’s originally-reported figures were b...
08/11/2011
  Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3 — the first time in 5 meetings that the nation’s Central Bank was non-unanimous and the first time since 1992 that the FOMC adjourned ...
08/09/2011
  Mortgage rates continue drifting downward, despite — or because of — a ratings downgrade on long-term U.S. government debt. Standard & Poors issued a single-notch downgrade after Friday’s market close, from AAA to AA+. Of the roughly $9.4 billion in publicly-held U.S. debt, 72 percent is long-...
08/09/2011
Mortgage markets were especially volatile last week, taking rate shoppers in California on a roller-coaster ride. The week’s news schedule was full. It included debt ceiling debates, jobs figures, and ongoing maneuverings within the Eurozone. Each story a material impact on mortgage rates and, as...
08/08/2011
Mortgage rates in California plunged to new 2011 lows this week. According to Freddie Mac’s weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage fell to 4.39% this week — the lowest 30-year fixed reading since November 18, 2010. The 0.16 drop from last week is...
08/07/2011
  Home sales have heated up, according to the National Association of REALTORS®. More homes are going under contract this summer than went during the winter or spring seasons. Many of these homes are scheduled for late-August/early-September closings.  If your home is among them, plan ahead.  Li...
08/04/2011
At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If you’ve been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be the day. The monthly Non-Farm Payrolls...
08/03/2011
  The United States is projected to reach its legal $14.294 trillion debt limit today. The limit was set by Congress February 12, 2010. The U.S. Treasury may not issue new debt beyond the debt ceiling. Since April 2011, Congress has debated ways to remain below the nation’s $14.292 trillion borr...
08/02/2011
Mortgage markets improved last week as the U.S. debt ceiling debate continued on Capitol Hill. Bonds traded in a range Monday through Thursday before breaking higher Friday morning. 30-year fixed conforming mortgage rates improved in California last week, falling to levels just north the product’...
08/01/2011
  Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March. A “pending home sale” is a home under contract to sell, but not yet closed.  The forward-looking Pending Hom...
07/29/2011
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Tiffany Taylor

Platinum Funding Group
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