Posted on Thursday, 6th August 2009 by chrisjones
Market: We’re down another 9bps today, over 100 from Monday’s open. Today, if things hold, we’ll see four straight days of red candles on the chart. As previously mentioned, there has not been a five-red streak on the bond market for more than three years. Records are made to be broken, but… Analysis: Economic news [...]
Tags: lehi lender, mortgage shopper, RateWatch, utah mortgage lender, utah mortgages
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Posted on Thursday, 30th July 2009 by chrisjones
NOW we’ll fix the housing mess! No, my friends, no. Regulations that go into effect August 1 make quick closings impossible and will do nothing whatever to stop future foreclosures. They involve waiting 3 days from the initial disclosure to order the appraisal, followed by a mandatory 3 day waiting period from final disclosure to [...]
Tags: HERA, lehi lender, mortgage shopper, regulatory crap, utah mortgage lender
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Posted on Thursday, 23rd July 2009 by chrisjones
Market: We got hammered today because…well, because. We’re down 59bps at the moment, and you can thank us here at the Chris Jones Branch of City 1st that it isn’t worse. It was worse, but we fixed it. I will tell you how below. This translates to a rise in rates of .25% over the [...]
Tags: lehi lender, mortgage shopper, RateWatch, utah broker, utah mortgage broker, utah mortgage lender
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Posted on Thursday, 23rd July 2009 by chrisjones
Here’s another edition of Jimmy Rex’s Top Ten Deals of the Week: While I didn’t find quite as many deals this week as I would have liked to, a few of these deals are some of the best that I have seen all summer. Homes are selling and buyers are walking into unbelievable deals. Call [...]
Tags: Jimmy Rex, lehi lender, mortgage shopper, real estate, utah broker, utah mortgage lender
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Posted on Wednesday, 22nd July 2009 by chrisjones
Markets: Yesterday was a good day up, and today is down only slightly, so it appears we might hold our gains. We gained 65 bps yesterday and have lost back 16 so far today, which on net is pretty good. For the uninitiated, there is a strong correlation between mortgage-backed securities (mbs) and mortgage interest [...]
Tags: lehi lender, mortgage rates, RateWatch, utah mortgage, utah mortgage broker, utah mortgage lender
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