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 Friday February 15, 2008There is an old saying that you do not try to catch a falling knife.  Wait until it hits the floor, then pick it up.  This is much safer.  We have seen this situation in the past couple of days.  The volatility in the market has been extreme and ...
Mortgage Market Report for Thursday February 14, 2008Volatility in the stock and mortgage bond market continues today.  Fed Chairman Bernake and Treasury Secretary Paulson testified about the state of the economy.  Their testimony was detailed about the current actions.   The senate banking Commi...
The President Has Signed 5140 increasing the conforming loan limits.  This will require that the median homeprice is determined by HUD within 30 days of the presidents signature.  We will see how long it actually takes.  HUD is under some pressure to accomplish this but they do have 30 days.   On...
Mortgage Market Report for Wednesday February 13th, 2008The Commerce Department reported that Retail Sales for January were higher that analysts estimated.  This could be due to after Christmas sales that prompted positive Retail Sales.   The Stimulus Plan is expected to be signed by President Bu...
Mortgage Market Report for Tuesday February 12th, 2008The stock market is headed higher today and is eroding the mortgage market on the day. Today San Francisco Fed President Janet Yellen will be speaking at a local planning and urban research group in San Francisco. Many will be carefully watchi...
Mortgage Market Report for Monday February 11th, 2008Bonds are being supported by the weakness in the stock market. The 10 year note is going higher but as we discuss on this website mortgage bonds are on a similar but different platform. There are no economic reports produced today. The economic...
The Senate approved an amended version of the Economic Stimulus Plan.  It will go back to the House of Representatives for approval again.  It is expected that the President will sign this Stimulus plan next week. One provision that is pertinent to our industry - and an issue that you know we hav...
Mortgage Market Report for Wednesday February 6th, 2008The same volatility continues in the bond market.  Yesterdays selloff in stocks boosted the bond market as again investors are looking for security in bonds.  However, today stocks are trading higher and putting pressure on bonds.  Several me...
Mortgage Market Report for Tuesday February 5, 2008Stocks are headed lower this morning.  The ISM report is out and and was well below expectations.  This measures the Service Business Activity.  We already know that Manufacturing has slowed down.  This represents another shoe to drop in the R wo...
Mortgage Market Report for Monday February 4th, 2008There are no economic reports due for release today. Chances for large swings in pricing remains high. Stock and bonds are working in opposite directions. As stocks decline money is parked into bonds and visa versa. Daily swings are common and v...

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.