Real Estate and Mortgage Consultant

Follow me
Mortgage and Lending - California Mortgage and Real Estate Broker - BRE#949075 NMLS#301693
Roger W. Herrick has 23 years of continuous experience in the mortgage and real estate business.
Mortgage Market Report for Wednesday March 26, 2008Today New Home Sales for February were as expected lower and now the number of sales is the lowest level in 13 years.  The stock market is sagging and again placing favor on bonds.  Later today, Chicago Fed President Charlie Evans and Dallas Fed ...
Mortgage Market Report for Tuesday March 25, 2008Bonds are getting a boost as consumer confidence falls to the lowest level in 5 years.    Home prices in 20 of major cities in the country were down a record 10.7% in the past year.  Stocks are falling and this pressure is helping bond prices incre...
Mortgage Market Report for Monday March 24, 2008The stock market is buoyed by the Bear Stearns stock price that is looking like it will sell for $10.00 per share not the initial $2.00  price that has been offered by JPMorgan.  This is a great boost to the financial sector.  Some news from the Hou...
Mortgage Market Report for March 20th 2008The bond market closes early today at 2PM eastern time and is closed tomorrow in observance of Good Friday.     Gold dropped to $919 per ounce down from the record of $1032.  The biggest weekly drop in 25 years.  Stocks rebounded after yesterdays sell off...
Mortgage Market Report for Wednesday March 19, 2008Some good news today from The Office of Federal Housing Enterprise Oversight or OHFEO that announced they lifted special capital restrictions.  This directs $200 Billion into the mortgage market through buying mortgage bonds.  Again this helps me...
Mortgage Market Report for Tuesday March 18, 2008The Federal Reserve slashed a key interest rate by three-quarters of a percentage point Tuesday, the latest in a series of moves by the central bank to try and restore confidence in the economy and battered financial markets. The Fed cut its federa...
Mortgage Market Report for Monday March 17, 2008Bear Stearns an 85 year old company is being bought out by JPMorgan today at $2.00 per share.  This subprime loan holder had had a price of $90.00 at the end of February and up to $160.00 per share on the 52 week high.  Most stock markets around the...
Mortgage Market Report for Wednesday March 12, 2008The Fed made a huge step yesterday to ease the mortgage credit markets.  They will allow A paper mortgage back securities to be used as collateral.   This is a bold move to begin to thaw out the tight credit market we have been faced with.  The d...
Mortgage Market Report for Tuesday March 11, 2008Stocks rallied the most since January after the Fed announced plans to lend up to $200 billion to jumpstart the financial system.The Fed is showing signs of basically upgrading Mortgage Backed Securities.  The addition of liquidity to the mortgage ...
HUD released their Median Home Prices for counties of California.  This will impact both the FHA loans.  The Fannie Mae Conforming Loan Limit should align to these as well but the official determination is scheduled for tomorrow.   The new loan limit is 125% of the median home price.  The median ...

Roger W. Herrick

Coast to Coast Lending Group Inc.
smartphone(949) 365-6585
local_phone(949) 205-4287
Contact The Author
Roger W. Herrick has 23 years of continuous experience in the mortgage and real estate business.