Recession fears were back in full swing this past week, thanks to the weakest manufacturing report since June 2009, which was the last month of the Great Recession. Manufacturing makes up 12% of our economy, while consumer spending makes up nearly 70%. So even though the consumer remains strong, markets were spooked that this is…

This past week was a classic example of how good news means bad news for Bonds and home loan rates. A little trade deal with Japan, solid housing numbers, and hopeful news on the U.S./China trade dispute was enough to erase the previous week’s modest improvement in rates. And on top of it all, Fed…

This past week the Federal Reserve cut the Fed Funds Rate for the second time this year, lowering the rate to 2.00%. Remember that the Fed Funds Rate is a short-term, overnight rate that has little effect on home loan rates. Home loan rates respond to the trading activity in Mortgage Bonds, which are influenced…

What if the Purchase contract is amended after the appraisal is completed? If the contract is amended after the appraisal is completed, the lender must provide an updated contract to the appraiser if it is amended in a way that affects the description of the real property used by the appraiser. However, minor updates to…

Home loan rates finished this past week essentially where they began, near 3-year lows. With all the chatter of a global recession and elevated fears that the U.S. will slip into a recession thanks to the recent inverted yield curve, why haven’t rates improved further? Is the Bond market telling us something? Quite possibly. There…

On the Fencepost to Refinance or Lock? Good timing! This past week the Federal Reserve (Fed) cut the Fed Funds Rate by .25% to 2.25%, the first rate cut in 10 years. Many consumers are wondering why home loan rates haven’t declined by .25% in tandem with the Fed action. Let’s break down how a…

Seeking to take advantage of Low Interest Rates? Here are a few “action Steps” to begin a Debt Consolidation/Refinance Mortgage Loan! Many Borrowers are Business Owners, Self Employed Borrowers, Families and Investors who do NOT want to struggle with the typical “Local Bank” loan paperwork requirements. (which often clearly lead to a Loan Denial for…

The U.S. Bond market traded in a tight sideways range, leaving home loan rates essentially at unchanged levels week over week. However, the technical picture reveals Bond market indecision as prices trade near the best levels of the year. Why the indecision? The financial markets are bracing for a multitude of headline risk events in…

Non-QM Correspondent Mortgage Loans A Non-Qualified Mortgage (Non-QM) is any home loan that doesn’t comply with the Consumer Financial Protection Bureau’s existing rules on Qualified Mortgages (QM). Usually this type of correspondent mortgage loan accommodates people who are not able to prove they are capable of making the mortgage payments. Just because it is a…

Real Estate Investors, Builders and Families need fast and cost-effective Private Money Funding Solutions to improve their game in today’s fast paced markets. Being self employed for over 26+years Dan and his loan team have discovered “Fast Track” Real Estate and Business Loan products that give our borrowers more qualifying loan options with less documentation.…