SDMortgagefinder's Blog

Forum This week was filled with economic data and announcements throughout most of the week.  Below is an abbreviated recap of most of this week's important news effecting our industry and rates: Monday's Industrial Production numbers did little to effect the market and showed a a small 0.1% rise...

Forum I usually only do a market update once a week, but today's announcement by the Fed warrants an update. The Federal Reserve agreed to maintain low rates for the foreseeable future.  Their pledge to keep the  federal funds rate target for overnight loans between banks in a range of zero to 0....

Forum This week's economic news was some somewhat lackluster this week with very little reports coming out during the week that would have any or much effect on interest rates.  I believe as I indicated in last week's report that most of the week had little coming out except for today.  The week ...

Forum Maybe it's just a me thing here, but I saw something here on AR recently where management or someone had an alert about AR having this type of error come up. While I do not pretend to be a computer expert, it seems like I have always had an issue with AR uploading when I pull it from my fav...

Forum This week was pretty wild to say the least with rates all over the board.  Lenders would give mid day price improvements only to price worse sometimes in the same day.  Although we had a fair amount of economic news during the week, most in the financial sectors were waiting for today's Emp...

Forum Tomorrow is going to be a key day in the financial markets with the much anticipated Employment Situation Concensus coming out at 8:30 A.M. EST. If you have clients in process, and ready to close within 30 to 45 days who are still floating, make sure that you have them keep close tabs on th...

Forum This week was an interesting week with all of the economic data that was announced.  Below is a brief recap of this week's most important news affecting mortgage rates: The Reuters / University of Michigan final index of consumer sentiment fell today from 74.4 in January to 73.6 in February...

Forum Bloomberg announced today that the Obama Adminsitration is strongly considering banning any foreclosure proceedings against homeowners until they have been screened my the lender for participation in the Home Affordable Modification Program known as HAMP. This could be a big change for the ...

Forum This week was full of news that wasn't especially good for interest rates.  In fact, yesterday was described by some as just downright UGLY.  My most aggressive lender made three rate changes to the worse. We saw this type of activity for much of the week. The Bureau of Labor Statistics thi...

Forum I'm going to diviate briefly, and ask those of you up-front who are reading to let me know if this is helpful to you.  Insights into what you would like to see would also be appreciated by your feedback.  This week has been all over the board with several economic releases this week.  Below...