Bonds still have more room to go!

I would say we still have some ways to go on the bond! I don't how especially with all the bad economic news....I would think of it like a warm up of what will be our reality down the road and that's double digit interest rates. Inflation plus lack of credit will be painful for the credit worthy consumers. My advice would be to refinance now and use some of the equity you still have and invest it on something in either real estate or stocks since this painful downturn will come and go! Good Luck! 4.875% 30 Year Fix is today's rate on 85% LOAN TO VALUE WITH CASH-OUT!

Bonds moving up!!!!!!!!!!!!!!!

Just finished a conference call with some banks and some bankers. Rates are moving up and could be going up even more if bonds keep doing what they have been doing the last 2 weeks! 30 year rates is 4.875% from the 4.50%. What everyone is chatting about is the job report tomorrow and also what the FED is going to say about any inflation worries down the road..... Call me 800-208-4753 or email me refionce@gmail.com if you need questions answered.

Guideline changes No more Broker - Appraisal Ordering

Beginning in May Lenders are not allowing Brokers to setup up Appraisal's directly with an appraisal company of their choice! If your wondering why? The reasons are many but it's mostly been done since many appraisers were surveyed and many stated they were pressured to "bring" in the value at certain numbers sometimes! In my professional opinion I think the move is a "dollar short and a day late" the economy has already pretty much done what a lot of us in the business wanted...take out the shady and "here today gone tomorrow" part time professionals! What this will do is hopefully keep the process flowing and hope it does not add more weeks to the Underwriting process which is about 3 to 4 weeks out in many banks! even for Good to Great Credit Borrowers! Like always shoot me an email or call at anytime with any questions you may have Take care! refionce@gmail.com or 951-943-2919 Office