Rates are up this week as there has been weakness in bond trading as investors appear to be shifting towards stock and away from bonds.Conforming 30 Year Fixed Rates are at 6.125%, Conforming Agency/Plus ($417,000 to $729,750) are at 6.25%, and Jumbo is at 7.25%.
I found an interesting product this week in the conventional (non [...]

Rates have tightened slightly as the minutes of the Federal Reserve meeting revealed that the vote for the last rate cut was close and there are concerns about economic growth and inflation.This has made mortgage related securities less attractive to investors causing prices to decline and mortgage rates to rise.
Conforming 30 Year Fixed is at [...]

For your information, here is the website you can use to check to make sure a condo you are making an offer on is FHA approved.If your buyer is using an FHA loan, it must be an FHA approved condo. Single family residences do not need approval.
https://entp.hud.gov/idapp/html/condlook.cfm
Susan Van Wagenen
Terra Mortgage
Phone: 714-323-5559
Fax: [...]

Rates are up very slightly this week as the stock market has been gaining, causing money to flow from bonds into stocks. The good news in the bond market is that a report came out stating that mortgage bonds are very cheap and that investors, now less scared by them, no longer [...]