Posted on Thursday, 29th July 2010 by chrisjones

Welcome to RateWatch for Thursday July 29, I’m your host, Chris Jones, and here’s what’s happening: Today’s market: The benchmark bond is up 12bps today.  We’re trading in a very narrow channel.  Economic news today was all about employment, as in, there isn’t much of it.  Unemployment benefits have been extended, so continuing claims were [...]

Tags: lehi lender, Lehi mortgage, lending Utah, RateWatch, utah mortgage
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Posted on Thursday, 29th July 2010 by chrisjones

Welcome to the first edition of the Crystal Ball, where I tell you definitively what will be happening in the world over the coming days.  You have been warned. The Los Angeles Dodgers will not be able to catch San Diego, and will fail to make the playoffs.  Again. My class on the History of [...]

Tags: Crystal Ball, Dodgers, lending lehi, mockingjay, mortgage rates, Six Channels, Utah Jazz, utah mortgage
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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
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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
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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)