Posted on Wednesday, 10th February 2010 by chrisjones
Okay, well, it’s not that dramatic, but I do have a new post up on Zillow’s Mortgages Unzipped, with some in-depth commentary on why mortgage interest rates are not rising dramatically, pronouncements of doom to the contrary.
Thought you might like to see it.
Tags: Fed, lehi mortgages, RateWatch, Zillow
Posted in Blog & News, General | Comments (0)
Posted on Wednesday, 10th February 2010 by chrisjones
Markets: We’re down 12 bps (to explain again, this means that the 4.5% FNMA mortgage-backed bond is down .12 points (whoops, just ticked down to .06, so we’re moving in the right direction)). As that bond moves, so move interest rates, in the opposite direction. As the bond moves up, rates move down. As the [...]
Tags: lehi lender, lehi mortgages, RateWatch
Posted in Rate Watch | Comments (1)
Posted on Wednesday, 3rd February 2010 by chrisjones
Markets: Blah blah up just a little blah FED blah blah blah GDP growth blah unemployment numbers blah blah blah. It’s Groundhog Day (again. What, it’s not Feb 2 where you are?). Of COURSE the markets are doing the same thing day after day.
Analysis: Nobody believes the economic reports. Government data is having essentially no [...]
Tags: lehi lender, lehi mortgages, RateWatch
Posted in Blog & News, General, Rate Watch | Comments (0)
Posted on Tuesday, 12th January 2010 by chrisjones
Markets: Bonds were up slightly today, trading up against a line of resistance. For the uninitiated, a line of resistance is an average, usually a 25-day or 50-day or 100 day, or what have you, that cuts across the bond price chart. Those lines form “resistance”, against which bond prices have to push in order [...]
Tags: lehi mortgages, RateWatch, Twelfth Night
Posted in Blog & News, General, Rate Watch | Comments (0)
Posted on Thursday, 4th June 2009 by chrisjones
Got a question from a client the other day that I hear a lot, so I thought I’d post my response to it, in the hope that it would be helpful to more than just her.
Q: Why do I need to provide my social security number and birthday? I’m not sure I want to give [...]
Tags: approval, lehi mortgages, utah mortgage, utah mortgage broker, utah mortgage lender
Posted in Blog & News, Finance 101, General | Comments (0)
