Scott Fowler's (sfowler) Blog

With rates at record lows, all lenders have recently seen a sharp increase in loan applications.  Remember also, lenders have dramatically reduced their staff over the last 18 months to cut cost.  This means timeframes needed for underwriting, approvals and closing have become longer than normal....

Mortgage Bonds are off to a great start in 2009, as the Fed begins its planned purchase of $500B Mortgage Backed Securities. This process will continue gradually through June and should improve Mortgage Bond prices.  What does this mean in plain English.  LOWER RATES!!!   For today, there are no ...