Greg Radding's (gregradding) Blog

Over the past few  days mortgage backed securities have seen monumental gains.  However, it is safe to say that we in the mortgage broker/correspondent lending community have not seen rates falling.  Why is this happening?  Simply the mortgage industry both at the mortgage banker and at the whole...

Here we go again!!  As the new year begins, we are seeing a significant rise in mortgage interest rates. Major lenders are scared!!  All of the major national lenders ex. Coutrywide and Wells Fargo have been licking their chops over the past 2 months processing refi's.  The joy they felt is short...

Well, the hangover is over. For weeks all of us mortgage bankers have watched interest rates drop like a lead balloon! Over a strong eggnog,  our friends, family, and neighbors kept asking us:  Are rates for mortgages going to 4.5%?  Now the real world kicks in.  All of the sudden, the stock trad...

When I grew up in West hartford on a 1/4 acre lot never did I believe that one day I would have 65 head of livestock. What you ask are these livestock? Llamas goats, and sheep!!  You may ask why Llamas, goats and sheep?  The simple answer is,  the way they live their lives.  My wife Kelly and I d...

FHA mortgages were all but unused until, the mortgage meltdown of 2007.  Most consumers had ample funds to buy a home and opted to use conventional mortgage loan programs to achieve homeownership.  Today, FHA insured mortgage loans have become a staple product for just about every mortgage lender...

Happy holidays to everyone.  I appreciate those who have taken the time to read my blog posts,  I really enjoy discussing the mortgage marketplace and its' current trial and tribulations.  So, many of you may be asking:  Who is Greg Radding and why should I even take my valuable time to read his ...

It has been reported in the media both written and broadcast that anyone with an adjustable rate loan should immediately rush out and refinance their mortgage into a fixed rate.  Although for many people this makes sense it would be safe to assume that the "one size fits all" mentality may be too...

Christmas eve 2008 proved to be a plus for mortgage interest rates.  Mortgage backed securities ended the day up 7 ticks.  Mortgage rates dropped today as refinance consumers continue to see potential reasons to refinance their current housing debt.  Although this is good for mortgage brokers and...

Mortgage rates bounced backed slightly to more favorable levels this morning.  With the release of GNP data and the worse than expected existing home sales data coming out, inflationary fears subsided.  We will probably see most of our wholesale loan providers easing rates today as they complete ...

Mortgage rates moved higher through Mid-day December 22nd.  Mortgage backed security prices were down 7-8 ticks and approaching a floor level that may spur some repricing for the worse this afternoon.  Obviously activity in the marketplace is quieter than usual however, many of the nations larges...