Posts Tagged ‘s’


Mortgage Rates February 4, 2009

   Posted by: Cal    in Gulf Coast Mortgages

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There is a lot of volatility in daily trading in the mortgage bond market, and since the main stream media always gets it wrong, I have included visual aids for you to see exactly what mortgage professionals see.

What you see below is a 30 day chart of the FNMA 4.5% mortgage bond trading activity.  The activity on the bond market is what dictates retail mortgage rates, and the retail mortgage rates that are passed on to consumers are generally .5% to 1.0% higher than the "coupon" rate of the bond itself.  We are now following the 4.5% coupon bond because the activity in the 4% bond has trickled and

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Short Sale Progress With Countrywide

   Posted by: Cal    in Real Estate


The term "Short Sale" means different things to different people. 

If you have tried to buy a short sale, chances are you will never try it again.  And for the brave real estate agents who get involved…..let me just say, my heart goes out to you.

But, there may be signs of change in the short sale market.  Countrywide has partnered with Fannie Mae to test a pilot program in

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