Reggie Green's (rpgj80) Blog

HOLIDAY INTEREST RATE SPECIAL November 25th, 2013 In order to drum up business for the end of the year, My company is offering the following Holiday Rate Special: .5 point discount on – Conventional, FHA, and VA loans .25 point discount on – High Balance Conforming Loan This special is available ...

INTEREST RATES IMPROVE FOR FOUR STRAIGHT DAYS November 18th, 2013 After a steep rise following the October employment report – mortgage interest rates got an unexpected boost from the confirmation hearing of Janet Yellen – the nominee to replace Ben Bernanke as the FED chief. In prepared remarks ...

OCTOBER EMPLOYMENT REPORT CAUSES SHARP RISE IN INTEREST RATES November 11th, 2013 Mortgages rates ended the week sharply higher with the release of the October employment report on Friday.  Non Farm job creation crushed expectations causing a sell-off in the Mortgage Backed Security market of ove...

THE FED DOES NOT TAPER , BUT RATES RISE SLIGHTLY November 4th, 2013 Mortgage rates ended last week slightly higher, but have improved on Monday taking some of the losses back. On Wednesday, the FED announced that they would not taper their bond purchasing program. Most did not expect the FED to t...

RATES CONTINUE TO DROP WITH POOR EMPLOYMENT REPORT October 28th, 2013 Interest Rates improved for the 2nd straight week last week.  The main source of improvement was from the September employment report released Tuesday.  The gain in jobs fell well short of forecasts, pushing investor money into...

INTEREST RATES HIT 4 MONTH LOWS October 21st, 2013 Interest Rates hit 4 month lows on Friday /  Fannie Mae changes coming November 16th. After a US debt deal in principal was announced on Wednesday – Interest rates greatly improved after slowly moving higher in the proceeding 2 weeks.   The uncer...

RATES MOVE SLIGHTLY HIGHER / DEBT CEILING DEADLINE ON THURSDAY October 14th, 2013 Interest rates moved slightly higher last week, but overall have remained quite steady for 3 weeks.  All eyes are on Washington DC to end the gov’t shutdown and increase the debt ceiling. The US treasury states that...

RATES REMAIN AT LOWEST LEVELS SINCE JUNE – WHAT EFFECT DOES GOV’T SHUTDOWN HAVE ON RATES? October 7th, 2013 Interest rates remained at current levels last week with the bond markets in a stalemate because of the government shutdown.  Rates for the past 2 weeks have held at their lowest levels sin...

INTEREST RATES CONTINUE HOT STREAK   -   30 YEAR FIXED DOWN TO 4.125% September 30th, 2013 Interest rates continued their hot streak since the FED decided not to taper a week and a half ago.  Interest rates improved 4 of the 5 days last week and interest rates are now at their lowest levels since...

FED DOES NOT TAPER – INTEREST RATES IMPROVE TO 6 WEEK LOWS September 23rd, 2013 The FED announced on Wednesday that they will not taper their bond purchasing program at the present time.  This announcement went against many market prognosticators, helping push rates to their lowest levels in 6 we...