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ARCHIVED BLOG POSTS

2007 

This week brings us the release of several important economic releases for the bond market to watch. This will also be a shortened week in the bond market as a result of the Labor Day holiday next Monday. There are six reports along with the minutes from the last FOMC meeting between Monday and F...
08/27/2007
This week brings us the release of only three economic reports for the bond market to digest. The Conference Board will give us the first data late tomorrow morning when it releases its Leading Economic Indicators (LEI) for July. This index attempts to measure economic activity over the next thre...
08/20/2007
This week brings us six pieces of economic data for the bond market to digest. The first is July's Retail Sales report early tomorrow morning. This data is very important to the financial markets and mortgage rates because it helps us measure consumer spending. Since consumer spending makes up tw...
08/12/2007
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I don't know about you, but sometimes I think the Wall Street Journal can be a little dense. I mean, I'm not a trader, or hedge fund manager, or an analyst, so sometimes all the industry jargon and abbreviations in the paper can make my eyes glaze over.That's why I was pleasantly surprised to rea...
08/12/2007
Everything always depends on the way in which things are done - not so much on what one does, but on the spirit in which one does it." It doesn't take long to see the truth of that statement! No matter what you do, the spirit in which you do it really determines the outcome. This applies to every...
08/07/2007
The overall mortgage market is currently experiencing a severe tightening of credit standards. Lending guidelines and qualification standards are becoming more restrictive as lenders move to protect themselves.  Some loan programs and qualification levels that were available a short time ago are ...
08/07/2007
This week brings us the release of only one piece of economic data. However, the biggest event of the week will be the Federal Open Market Committee (FOMC) meeting Tuesday. We may see some pressure in bonds tomorrow as investors prepare for the meeting, but most traders will likely make their mov...
08/06/2007
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VA fixed mortgages offer 100% financing and the ability to roll in the VA funding fee for a total of up to 103% LTV. The biggest benefit of VA financing is 100% LTVs without traditional mortgage insurance. A funding fee does apply, but can be rolled into the loan amount. Eligibility requirements ...
08/02/2007
We are one of the largest VA Lenders - many of our customer are asking how to apply for a Certificate of Eligibility.A veteran who doesn't have a certificate can obtain one easily by completing VA Form 26-1880, Request for a Certificate of Eligibility for VA Home Loan Benefits and submitting it t...
08/02/2007
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Don Grimes

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