Posted on Wednesday, 23rd June 2010 by chrisjones
Okay, so I was wrong. At least I wasn’t the only one. Last month I wrote about how the expiration of the $8000 and $6500 tax credits for new home buying wouldn’t have much impact on the housing market. Those expired, for the uninitiated, on April 30, and since then sales on new homes have [...]
Tags: $8000 tax credit, lehi lender, Lehi mortgage, utah mortgage
Posted in Blog & News, General | Comments (2)
Posted on Monday, 14th June 2010 by chrisjones
In my last post, I addressed where the borrowers had gone. In this one, I want to talk about how to get them back. As I mentioned, borrowers are having trouble qualifying, much as they would have trouble running a 10k. Some can do it, but those people are almost all those that have been [...]
Tags: lehi lender, Lehi mortgage, training, utah mortgage, Work
Posted in Blog & News | Comments (0)
Posted on Thursday, 10th June 2010 by chrisjones
Freddie Mac is reporting that mortgage rates have hit a low for the year. This news is being met with commentary about how borrowers and buyers seem unaffected. Housing starts are down, purchases fell off a cliff the last 4 weeks…if rates are so great, where are the borrowers? Here are a couple of clues. [...]
Tags: lehi lender, Lehi mortgage, qualifying, running, utah mortgage
Posted in Blog & News, Finance 101, General | Comments (1)
Posted on Thursday, 13th May 2010 by chrisjones
In no particular order: I have an article in the April edition of the Scotsman Guide, one of the largest mortgage publications in the industry. I do not think that the $8000 tax credit’s expiration will have very much effect. Spring is a much larger factor in the increase in home sales. Well, Spring and [...]
Tags: lehi lender, Lehi mortgage
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Posted on Friday, 2nd April 2010 by chrisjones
Markets: It’s a good thing it’s a short trading session today, because bonds are getting massacred. That continues the trend for the week that has seen us lose over 100bps, pushing rates above 5.25% this morning. Analysis: Good employment data – we actually have seen some hiring in this report – makes it look more [...]
Tags: lehi lender, Lehi mortgage, RateWatch
Posted in Blog & News, General, Rate Watch | Comments (0)
