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)
Posted on Wednesday, 24th March 2010 by chrisjones
Market: We’re off 90bps, meaning that we’ve lost almost a whole point in price on the benchmark 4.5% 30-year FNMA bond. That means rate pricing is off by just about that same amount, and 5% is on the ragged edge of no good anymore. Most lenders will be pricing at 5.25% in the morning. Analysis: [...]
Tags: Lehi mortgage, ratewat, RateWatch
Posted in Blog & News, General, Rate Watch | Comments (0)
