Dave's Blog

So is it really the unemployment number or the UNDERemploymnet number that keeps buyers out of the market? First let’s look at jobs and inflation data.  The Jobs report on Friday was a bit of a surprise with fewer jobs lost (216,000 non-farm payroll) than expected (250k) and fewer than any month ...

A mortgage lender colleague posted this blog yesterday with information about working with seller credits.  Everyone should read and understand this – whether you are a buyer, seller, or represent either one.  Signet Mortgage is a licensed mortgage broker in California also.  Our founder still op...

One of my mortgage lender colleagues posted this blog touting the great benefits and (somewhat) ease of use of the FHA 203(k) renovation financing programs.  Signet Mortgage does home renovation purchase loans where simple to complex repair and remodeling may be required and it is all supported b...

I had a good conversation today with a trusted appraiser I know who surprised me with his comments about the HVCC.  I fully expected him to be put-out by the audacity of it all.  Certainly the misinterpretations opened up by the 1004MC (market condition report) would be a concern to him.  Listen ...

It has been a great week for long-term mortgage rates!   Before I get to some of the causes and what we can anticipate, let me make a quick report on the state of banks and their willingness to lend.  If you follow me on Twitter, you saw that another local lender just shut their doors on lending ...

It’s all about inflation.  The markets have been moving in gargantuan steps over the past month starting on May 21, right before Memorial day with the first realization that all of the deficit spending needs to be funded with Treasury Debt offerings (duh!)  More debt offerings mean two very bad t...

(originally sent to subscribers on June 15, you can subscribe too by emailing dave@signetmortgage.com) Home loan rates have been the subject of much consternation in Washington, D.C. these past 3 weeks.  There is serious concern that the rate rise we have just experienced may derail the recovery ...

(Originally sent to subscribers on June 8th - Subscribe by emailing dave@signetmortgage.com) Good Morning! Mortgage Backed Securities (MBS) have had a miserable 2 weeks of sell off.  A combination of inflation scare, over-abundance of available debt securities and improving stock market have take...

(Originally sent to subscribers on June 1st - Subscribe by emailing dave@signetmortgage.com) Good Morning and welcome to June! This morning’s news includes another large dose of car talk.  The bankruptcy filing of once-king General Motors has finally happened and the path is cleared for a very sw...

(Originally sent to subscribers on May 25th - Subscribe by emailing dave@signetmortgage.com) Best Wishes on this Memorial Day! I had the opportunity yesterday to reflect on two servicemen from one family who gave their lives in World War II battles at Normandy, France and Corregidor, Philippines....