Real Estate and Mortgage Consultant

Mortgage Market Report for Monday November 5th, 2007More bad news was reported over the weekend from Citigroup, and Stocks are trading lower as a result.Citigroup, the nation's largest bank, warned it will take an additional write-down from debt investments linked to mortgage-backed securities th...

The Mortgage Reform and Anti-Predatory Lending Act of 2007Here is a link to the new bill.  Please take the time to read it.  http://getresponse.com/t/9593521/627041/187824326/ A new bill has been proposed relating to the mortgage market and is scheduled to be voted on November 6th next week.  Thi...

Mortgage Market Report for Friday November 2nd, 2007The best Jobs number in six months was released this morning.  It is more than double market expectations and previous revisions were negligible.  The unemployment rate held steady.  Stocks opened higher on the strong economic news and Bonds are...

Mortgage Market Report for Thursday November 1st, 2007Bonds are moving upward this morning, erasing yesterday's losses.  The reason for the rally in Bonds is due to the Stock market being down significantly so far today.  This set the stage for a poor Stock open, and money is for now being pushed...

The Fed cut rates today by .25% to the overnight lending rate.  You can expect that prime rate will also go down by .25% as well in the next few days.   History shows that mortgage bond prices deteriorated after each Fed rate cut. This means that mortgage rates rose after the Fed had cut rates wh...

Mortgage Market Report for Wednesday October 31, 2007Today is Fed day.  At 2:15pm ET, the Fed will release the monetary policy decision and statement.  It will be announced across the country.Bond prices are trading a little lower on some better than expected economic news.   Third quarter GDP wa...

The Mortgage Market Report for Tuesday October 30th, 2007Mortgage Bonds are trading slightly lower and appear to be waiting on the Fed decision.Today is the first day of the two-day Fed Meeting.  The decision and policy statement will come at 11:15am Pacific Time, Halloween.Stocks are a bit lower...

The Mortgage Market Report for Monday October 29, 200778 years ago today - October 29th, 1929 - marks historic "Black Tuesday".  The Stock Market plummeted, eventually losing 60% of its value in the following weeks, and the US soon fell into the Great Depression, where unemployment rates were at ...

History shows that mortgage bond prices deteriorated after each Fed rate cut. This means that mortgage rates rose after the Fed had cut rates while many consumers were expecting their mortgage rates to decline. Prime rate will most likely decline after the Fed rate cut that is the index for may h...

Stocks are trading higher, led by strength in Countrywide and Microsoft.  The flow of money into Stocks is due to Bonds being sold.  Countrywide will be holding a conference call so the markets will hear more about what Countrywide sees in the future This will be interesting to hear Countrywide's...