1,543,634
Jason E. Gordon has been keeping me informed daily. I think it's going to improve soon, pandemics are great for the market historically...fact!
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Jason E. Gordon
San Diego, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Richie Alan Naggar
Riverside, CA
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Bob "RealMan" Timm
Minot, ND
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Thomas J. Nelson, REAL...
La Jolla, CA
417,221
Rates zoomed to all time lows, then lenders started to panic- not enough people to do the bean counting. Everyone increased rates - no conspiracy- I will work 120 hours this next 3 weeks to get them delivered. Rates will dip as soon as doc sets start rolling to notaries.
GET YOUR LOAN APPLICATION IN AND APPROVED, then wait for the next dive in about 2- 3 weeks. This lasts briefly unless coronavirus does more damage to employees in manufacturing, shipping and stocking. Right now retail, grocery and gas stations booming as people stock up.
Me I live on a ranch with 2 acre vegetable garden. Neighbors already asked if I intend to keep putting my extra produce in baskets by the gate, answer - yes of course.
If it lasts 6 months more economic downturn
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Kathleen Daniels, Prob...
San Jose, CA
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Kris Collis, Associate...
East Stroudsburg, PA
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Bob "RealMan" Timm
Minot, ND
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Richie Alan Naggar
Riverside, CA
634,531
Typically "bad news for the economy = good news for mortgage pricing (and vice versa)". This week was an exception as displayed below.
In a nutshell, the highlighted area to the right of the chart below tells the story of the BRUTAL week we just completed (in regards to mortgage pricing trends).
- Each candlestick summarizes the market movement for one business day (the most recent day is all the way to the right of the chart)
- This particular chart summarizes the market activity for the most recent 3 Months
- A “Green” Candlestick means the market improved overall for that business day
- A “Red” Candlestick means the market worsened overall for that business day
- The “Higher on the Chart” that the Candlestick appears, the BETTER it is for you
- The “Lower on the Chart” that the Candlestick appears, the WORSE it is for you
It will get better within the next 1-2 weeks. I would bet vital organs in my body on it!
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Candice A. Donofrio
Fort Mohave, AZ
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Kris Collis, Associate...
East Stroudsburg, PA
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Richie Alan Naggar
Riverside, CA
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Bob "RealMan" Timm
Minot, ND
5,772,575
Richie,
We are all in this together, and the Fed reserve is stepping up. My advice to you is to start focusing on what is right than what is wrong. I see lots of wonderful moments. Stay in the present, appreciate the present, it is all we have...every moment is precious...A
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Kris Collis, Associate...
East Stroudsburg, PA
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Margaret Rome Baltimor...
Pikesville, MD
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Bob "RealMan" Timm
Minot, ND
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Richie Alan Naggar
Riverside, CA
2,390,577
I don't know this Richie Alan Naggar . I've been closing loans like a mad man, someone is buying them.
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Kathleen Daniels, Prob...
San Jose, CA
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Kris Collis, Associate...
East Stroudsburg, PA
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Richie Alan Naggar
Riverside, CA
1,291,481
I know that I've never seen anything like this past week, Richie Alan Naggar ... it's been crazy. Old truths no longer hold water. Up is down and down is up. And I know that I'm hoping it all settles down soon ...
Gene
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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Richie Alan Naggar
Riverside, CA
763,883
Interest Rates are low and it's a great time to refinance.
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Richie Alan Naggar
Riverside, CA
3,345,091
7,835,900
Smart consumers will take advantage of the very low mortgage interest rates.
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Richie Alan Naggar
Riverside, CA
3,416,038
The best advice i got was to get my buyers approved, then wait to rate falls again to lock it in
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Richie Alan Naggar
Riverside, CA
5,216,387
I know not as those in the know share my vision.
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Richie Alan Naggar
Riverside, CA
1,197,072
My lender is flooded with refinances, expect delays.
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Richie Alan Naggar
Riverside, CA