First the mortgage market: What’s happening with mortgage rates - and where are they headed?
You can see from the candlestick chart (below) of mortgage backed securities, that mortgage bonds have fallen and they don’t seem to be able to get back up. Nor have they fallen further. I’m taking this as a good sign.
The Fed’s move yesterday Read the rest of this entry »
First the support was there - and then it wasn’t! The wild ride continues - and today was a not-so-fun part of that ride.
First the news of the day: Read the rest of this entry »
I’m on a consumer advocacy kick … here’s the latest installment on my mortgage accelerator blog. A true story about a California Mortgage Lender who was more interested in how he could make some coin and stay in business than providing genuine, helpful, and life changing advice to his clients. Read this Mortgage Accelerator Program Buyer Beware Story.
Thanks for reading!
I’ll post back soon,
Ken
I just posted in my mortgage accelerator blog a financial coaching success story about some work I’ve been doing with one of my clients and how I helped him get his private mortgage insurance removed from the mortgage on his primary residence.
Thanks for reading!
I’ll post back soon,
Ken
You ever aim at a goal, and you think you’re getting really close, I mean REALLY close … and then … it slips out of your hands. You thought you were going to achieve it!
Today was like that in Mortgage Backed Securities. The goal - the overhead ceiling of resistance at $101.87. I wrote in a Twitter update (Twitter.com/ken_stone) this morning that I thought pricing Read the rest of this entry »
I met with a new client earlier today who is young, has great credit, good money in the bank, and makes lots of money in two jobs - one is straight commission - the other is his own business.
He may not be able to get a mortgage right now because he didn’t understand the ramifications of a choice he made 6 months ago … a choice he made with a focus on earning more (good choice!) but that created an unhappy result. Perhaps you can learn a bit from his story and avoid a similar fate … Read the rest of this entry »
I’ve been predicting that mortgage backed securities would make it back above the 200 day moving average - and yesterday it happened! And today, the 200 day held (see chart below). Mortgage rates have reversed trend - and are improving dramatically!
Here’s the quick scoop: Read the rest of this entry »
In last week’s mortgage market recap I wrote about a falling elevator. The good news this Friday is that the bottom was found - and the elevator car bounced quite nicely!
Here’s what happened this week: Read the rest of this entry »
I was meeting with some new clients yesterday - they were referred to me by their financial advisor.
Here’s their situation in a nutshell: Read the rest of this entry »
All that money flowing off the table for so many days in a row … and now, is the market finally acting like a market again?
Last week I wrote about the falling elevator car in a cheesy action flick. Here’s what’s gone on this week so far: Read the rest of this entry »
