Mike DelVero's (mikedelvero) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
The average contract interest rate for 30-year fixed-rate mortgages decreased to 6.06 percent, from 6.39 percent, with points including the origination fee increasing to 1.02 from 1 for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages...
09/10/2008
Applications for mortgage loans were up a seasonally adjusted 9.5 percent for the week ending Sept. 5, driven by a 15.4 percent jump in applications for refinancings, according to a weekly survey by the Mortgage Bankers Association. Results of the MBA's Weekly Mortgage Applications Survey, adjust...
09/10/2008
Rates are going to continue to go down.  They have dropped already 3/4 point on some products 30-year and 15-year fixed are well under 6 percent. We have a new program coming out Oct 1 that will allow for us to refi people who are upside down. THIS IS WHAT WE HAVE BEEN WAITING A YEAR AND A HALF F...
09/09/2008
MSN.com is my homepage. Always has been always will be. Everyday, I see these ads on the left. Marketplace Credit Score $0at CreditReport.com Auto Insurance Quotes Start a businessEntrepreneur.com Career Centervia Monster Homes for Salevia HomePages.com Investments $7 online stock trades Autosvia...
09/09/2008
, when representing a landlord, it is always wise and highly recommend to  run credit report is run on all applicant/tenants.  This is very important for obvious reasons - tenant's credit history.  It is also important for the landlord (not the agent) to check the applicant's references in order ...
09/09/2008
  These are the highlights from the 8/31/08 Arizona Republic called, "Foreclosed Homes are Drop house favorites - Desperate Owners duped by east rent." More and more foreclosure properties and rental properties are being used as drop houses. Below is a new AZ law that goes into effect 9/25/08 reg...
09/09/2008
Looking inside the numbers, McCain's pick of Sarah Palin as his running mate appears to have not only attracted female voters, but boosted McCain's association with changing the country's direction, and energized members of the Republican Party Republican John McCain has nearly erased Democrat Ba...
09/09/2008
  Mercer Consulting's annual roundup of the global cities with the best quality of life is here,...  and Zurich, Switzerland once again is #1 The best place in the U.S.? Honolulu at No. 28 on the List. Now if you are from Arizona , you may be surprised we were not # 1. Ok, maybe surprised we were...
09/09/2008
I guess 2 days in a row of good news is too much to ask .. after yesterdays news that catapulted the stock market up more than 300 points ont he news of fannie mayu adn freddie mac. The Dow Jones industrials fell nearly 300 points Stocks tumbled Tuesday, nearly erasing the previous session's big ...
09/09/2008
Gregg Perry of the Seattle Real Estate Professionals Blog, wrote and excellent article about Buying Up in a down market . I recommend you read the article. However, to summarize, the house you need to sell may sell for $50K less than you hoped. However, the house you wanted to buy may very well b...
09/03/2008
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