Roseville Loan Expert

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Just a quick look at last week’s mortgage bond market. Up and down (red is bad) in huge strokes all week long. I hope you see how important it is to work with a mortgage professional that not only has access to this data, but understands how to use it to your advantage. It could [...]

Today’s payroll flop — only 20,000 real jobs created in May — will take some time to settle all the way in. Immediately: 10-year T-notes are 3.22% (from 3.36% yesterday and 3.99% six weeks ago), and the best mortgages below 5.00%.
The payroll report has confirmation: new unemployment has held high for five months; May retail [...]

Doom and gloom no more Sacramento homeowners, for the first time in almost three years home prices in the Sacramento area (Sacramento & Placer Counties) are on the rise. Now, this isn’t to say things will get crazy again like earlier in the decade but it is giving us a really good idea that the [...]

Last Friday the House and Senate both voted to extend the higher loan limits for FHA as well as GSE’s Fannie Mae and Freddie Mac for another year. Going forward the loan limit for these loans will stay at their 2009 levels, 125% of the local median sales price but no more than $729,750 for [...]

Well, the storm has passed. The low 5’s are gone. Just as I warned last week, get on now or miss the buss entirely! We had a about a week to lock them in, most people that missed the mid-high 4’s while waiting for the mythical 4.5% monster decided to lock in with the best [...]

For the most qualified borrowers rates are back to the low 5’s, even to 5% with a slight discount fee. We don’t know how long they will stay here though, so take advantage while you can.
On another note my last post to Rosevilleloanexpert.com has received a lot of attention. I had no idea so many [...]

H.R. 627: , The Credit Card Accountability Responsibility & Disclosure Act of 2009. A new law to stop many of the predatory practices of the credit card industry, strongly supported on both sides of the aisle and signed about six weeks ago by president Obama, imposes stricter rules on interest rate and fee changes. Some of [...]

We’re back into the low 5 and even high 4% range today. Not the low-LOWS of earlier this year but close.
Who will take advantage of it? I know a lot of people that kept waiting and waiting for the mythical 4.5% creature to emerge but lost out on anything are thanking their lucky starts these [...]

Finally some good news for the bond market!!! The bond market is up over 100 basis points today (that is a really good thing). If we can hold on to these gains and continue the trend we may be able to see mortgage rates that start with a 4 again this year. If/when that happens [...]

Today we have seen the entire bond market take a huge hit. Mortgage Backed Securities and Treasuries are way down, and I mean WAAAAAYYYYYY down. We’ve seen the market off by 2 full basis points. Meaning as much as 0.75% to rates from just yesterday. I will keep an eye on things as they progress [...]