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Mortgage and Lending - Platinum Funding Group, Inc.NMLS-243033 - NMLS 4195
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RECENT BLOG POSTS
Home values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency’s Home Price Index. The Home Price Index is a government-sponsored home value tracker. The HPI report is the latest in a string of “falling home values” stories — a trend that’s troubling ...
05/26/2011
Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month. In addition, the supply of new homes dropped to 6.5 months — a 2-month decrease from October 2010 and the best reading in a year. The report runs counter to recent r...
05/25/2011
Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult. As Memorial Day nears, and Wall Streeters get a head-start on the long weekends, trade volume in the mortgage bond markets will dip. When bond volume drops, mortgage rates get jumpy. It’s a...
05/24/2011
The housing market recovery stalled last month. At least temporarily. According to the National Association of REALTORS®, Existing Home Sales slipped 1 percent in April from the month prior, falling to 5.05 million units on a seasonally-adjusted, annualized basis. The reading is exactly in-line w...
05/20/2011
The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened; rates in California are higher by 1/8 percent this morning, at least. The “Fed Minutes” is published 8 times annually, three week after each sch...
05/19/2011
Single-family housing starts dropped by 21,000 units in April on a seasonally-adjusted annual basis. The Housing Starts report measures the number of homes on which new construction “broke ground”. It’s tracked by the U.S. Department of Commerce which releases new data monthly. Single-family hous...
05/18/2011
Home builder confidence can’t shake its range, according to the National Association of Home Builders. The group’s monthly Housing Market Index put May’s builder confidence reading at a level of 16. The Housing Market Index is scored on a scale of 1-100. A reading above 50 suggests favorable cond...
05/17/2011
Mortgage markets worsened overall last week for the first time in 5 weeks. Better-than-anticipated economic data plus dwindling concerns for Greece’s sovereign debt combined to a spark a bond sell-off. Conforming mortgage rates moved higher in California as a result. Rate shoppers were hit especi...
05/16/2011
Would anyone in this industry argue with the fact that we are “standing in the fire” and experiencing unprecedented times in our industry? In fact, it’s probably safe to say that every one of us is very concerned and frustrated about the mortgage industry and the barrage of federal regulations th...
05/13/2011
  Another day, another piece of evidence that the U.S. economy is expanding. Thursday, the Census Bureau released the April Retail Sales report. Excluding cars and auto parts, retail receipts rose for the 10th straight month and, at $321 billion, reached an all-time high. Retail sales account fo...
05/13/2011
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TiffanyTaylor

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