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Mortgage and Lending - Finance Of America - NMLS #311662
RECENT BLOG POSTS
Fixed mortgage rates, which have been on a tear since the presidential election, retreated this week, falling for the first time in nine weeks.According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.2 percent with an average 0.5 point. (Points ar...
01/06/2017
      Wage Gains Fall Short Friday's important Employment Report was positive for mortgage rates. The other likely market-moving event over the past week, a vote in Italy, had little impact. As a result, mortgage rates ended the week a little lower. Investors focused on the wage component of the ...
12/08/2016
 The largest free community festival in San Diego, December Nights is expected to attract more than 350,000 visitors to the park over two days to revel and enjoy the season.Balboa Park December Nights, the nation’s premier holiday festival, will take place for the 39th consecutive year on Friday,...
12/01/2016
Those that know me know I am a roll with the punches, always keep a positive attitude, silver linings guy. I know markets will change and I advise my clients with common sense and experience.Pardon me, but I am freaking out just a little at the moment. Two days ago our regional paper asked me to ...
12/01/2016
Where mortgage rates headed in 2017?There are two answers to that question, a short-term answer and a long-term answer.To answer the short term question we need to start at the election in November. In the weeks after the election the stock market rallied to a historic high but the bond market dr...
11/29/2016
For the first time  since 2006  the GSE's are raising the conforming loan limits for 2017. The base conforming  loan amount is going up from $417,000 to $424,100.. While this is outstanding news for most of the country, there are certain areas that are going to benefit more than others..  I do mo...
11/29/2016
I have been focused on lending for builders and new construction for 15 years. Regulation and fees now amount to 40% of the cost to build in San Diego. It is going to be easier to sell existing homes as the cost to build new ones is getting out of hand.New homes aren’t being built, and constructi...
09/19/2016
There are only three meetings left this year for the Federal Open Market Committee, and the likelihood they’ll raise interest rates in one of them looks slim. Judging by the latest meeting minutes, the Fed isn’t making any sudden changes, per usual.Read the source article at U.S. Housing Finance ...
08/18/2016
 The building industry is so important to the health of our economy and our communities. Everyone in the Real Estate business should find out how they can help support the industry that is building what we need to sell. Are you thinking of joining the BIA of San Diego? Now is a great time for you...
08/12/2016
I was discussing locking a loan with a client on a Jumbo loan here in San Diego. They were buying a million dollar home and needed an $800,000 loan. I asked him his exit strategy to determine how long he thought he would be in the home. I asked because I thought I could get him a 10 year ARM at 3...
08/08/2016
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Matt Brady

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