Mortgages For People With Short Sales
If you or somebody you know has had a "Short Sale" of their home, they can purchase a new home with today's Incrediblely low interest rates. As long as they were current on that mortgage they are probably eligible. See the video above for more details
Great New Mortgage Loan Programs
May 28, 2010
Watch the video for a New loan program: Great new mortgage loan programs were announced all month long.
Bonds are benefiting this morning from a tame read on inflation as well as investors parking money in the safe haven of Bonds to shelter themselves from the uncertainty of a long weekend.
In the news, Personal Spending was flat in April even though Personal Income rose. Rising income suggests improvement in the labor market, but the flat spending number and the increase in the Personal
Savings Rate indicate that consumers are still hunkering down.
For now, I recommend floating, as I monitor the situation. The Bond Market will close early today and will be closed Monday in observance of Memorial Day. Have a great weekend
Director of Sales
CA DRE #1142903
Cal Coast Financial Corporation
39355 California Street; Suite 300
Fremont; CA 94538
Foreign National Mortgage Loan &
Daily Mortgage Update
May 26, 2010
Watch the video for a New loan program: A New Foreign National mortgage loan program with only 30% Down to $1,000,000.
Stocks managed to finish yesterday strong. So far this morning, that trend is continuing--with Stocks looking modestly higher, which is pressuring Bonds a little lower.
In the news, Durable Goods Orders rose higher than expected in April on stronger demand for airplanes and communications equipment. Overall, the report was encouraging, showing some improvement in the economy.
Currently, Bonds are facing a formidable ceiling of resistance. Therefore, I recommend locking in the recent gains.
Apartment Building Financing &
Daily Mortgae Update
Today’s video is on the NEW LOAN PROGRAMS. Today is on New Apartment Building Loans.
Bonds started the day to the upside, but are now trading near unchanged after stepping into negative territory.
The erratic behavior is due to opposing forces tugging at Bonds. Fueling Bonds is the Stock market selloff and financial uncertainty in Europe. But sentiment that the economy is improving is also pressuring Bonds. This makes the market very volatile, and important headlines like today's Initial Jobless Claims--which came in a touch above expectations--do not result in normal market reactions.
Currently, Bonds are overbought and may be ripe for a selloff. Therefore, I recommend locking ahead of tomorrow's official Jobs Report, since there is more to lose than the modest gains that might be made.
Becareful Where You Get Your Information & Daily Mortgage Update April 28, 2010
Today’s 1 minute Video Update is about being careful where you get your information from.
Yesterday, we saw a huge rally in Mortgage Bonds after Greece's debt was downgraded to "junk" status, which prompted investors to seek the safe haven of the US Bond market. However, we're seeing a slight reversal this morning.
In other news, the Fed's Policy Statement and Interest Rate decision will be released this afternoon. Two important topics that may move the markets are what the Fed says about selling its Mortgage Backed Securities holdings and whether the Fed continues to say that rates will remain low for an “extended period” of time.
Currently, Bond prices are trading near an important ceiling at the 50-Day Moving Average. I recommend floating for now, but be prepared to lock if the situation changes.