- FHA 203K Renovation Mortgage
- Renovate and Purchases or Refinance with one loan.
- All You Need To Know About 203K
- 1-14 Day Close: LOCK
- 15-30 Day Close: FLOAT With Caution
- 31-45 Day Close: FLOAT
- Recommendations can change throughout the day.
- Freddie Mac Average:30-Yr FRM, Down 0.07 point on: 2-11-16 to: 3.65%
Rate Price Based on 3% MBS, Up 0.21 Point.
DJI Stocks - Currently, $16,402.23, Up $205.82 1.25%
Asian & European Stock Market Indexes Up 1.188%
Crude Oil (WTI) - Currently, $29.72, Up $0.68
Gold 1 Ounce - Currently, $1,212.60, Up $2.40
- Across the board, today's Producer Price Indexes data was hotter than expected.Certainly well below the Fed's target rate of 2.0% but still this is the first time in awhile that we have rec any inflationary data. This is generally negative for back end pricing.
- Rates were largely unchanged yesterday, but remained near recent lows. I'm in a "locking earlier" mode now, given how much ground my pricing picked up. I'd rather lock a little too soon than too late, given that current pricing is nearly the best in a year. There's nothing less appealing that calling clients to discuss how much their pricing worsened overnight, not fun for anyone."
- Morgan Stanley's shareholders must pay $3.1 Billion to settle federal and state probes concerning "deceptive" handling of mortgage-backed securities. Meanwhile, Morgan Stanley executives recieve bonuses and none are jailed.
- Wednesday AM Brief
- Mortgage refinance applications spike thanks to low rates
- Freddie Mac: Mortgage rates drop six weeks straight
- Get used to the FHA MIP life-of-the-loan premium
- Palomar real estate: A caboose in the woods
- Mile-high skyscraper set to be world's tallest and twice as tall as the Burj Khalifa
- Zillow founder: Is virtual touring next for the housing market?
- Homeowners on Fast Track to Break Even on Purchases
CONSUMER EDUCATION = CONSUMER PROTECTION
- Rates and Points Explained
- FHA 203k Renovation Mortgage - Video
- Energy Efficient Mortgages - Video
- What You Should Know About APR
- How To Shop for Mortgage Rates.
- Beware of Misleading Lender Advertising
- Education is the best consumer protection
Real Estate & Mortgage Broker
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