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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 5th, 2008Volatility is back and bonds are trading in a wide range on the day.  Stronger stock markets are grinding on the bond market.  Bonds have been losing pricing since Monday.  The Fed is gearing for another rate reduction of ½ percent on the March ...
  The government regulator of Fannie Mae and Freddie Mac, announced removal the limits placed on the portfolio sizes and capital holding requirements. This will enable the two companies to make or guarantee more loans. The regulators also announced that they are considering a reduction in the cap...
Mortgage Market Report for Friday February 29th,   2008Again yesterday Ben Bernake's was testifying to congress.  The reports gave bond prices a boost and prompted stock investors to sell and take profits. There may also be some failure of small regional banks that invested in real estate.  The s...
Mortgage Market Report for Thursday February 28th, 2008 Ben Bernake was the testimony of the day.  Bernake focused on the weakening economy and inflation data.  His speech had hints of an interest rate cut from the current 3% overnight lending rate.  The next meeting is on March 18th.     Weak du...
Mortgage Market Report for Monday and Tuesday February 26th and 27th 2008Mortgage bonds were battered today and went down 84 basis points before finishing the day at a drop of 50 basis points. Although the bond was below the floor of support it rebounded to finish the day above this important sup...
Mortgage Market Report for Friday February 22, 2008What a day.  I purposefully held back on this report until the dust settled.  Bonds closed down 47 points after opening up.  3 lender rate changes during the day.   Fed Governor Richard Fisher on was the single hold out on the last reduction in o...
Mortgage Market Report for Thursday February 21, 2008 We are bouncing upward on floor of support.  But the market has been erratic as of late yet bonds closed up erasing some the losses over the past couple of days.  Jobless claims are helping bonds.  Up in the morning down at noon and hopefully ...
Mortgage Market Report for Wednesday February 20, 2008Quite a roller coaster this morning.  Prices crashed to below the 200 day moving average and are now up considerably on the day due to the weak stock market.  The bonds have been on the warpath and have wiped out the gains that we had on Janua...
Mortgage Market Report for Tuesday February 19th, 2008Bonds are feeling the pressure this morning.  Several reports are moving stock higher at the expense of bonds.  Cuba is in the news as Fidel Castro announced he is stepping down after almost 50 years as their president.    Tomorrow's CPI numbe...
Now that the conventional loan amounts have increased to a maximum of $729.750  We can offer some great opportunitites to look into your jumbo loans.  It is a good time to check out your situation for your conventional loan refinance opportunities that lie ahead.  It only is broadcast on the webs...

Roger W. Herrick

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