So, our week is all screwed up due to the holiday, BUT HOW WAS IT?! College Football is back and in FULL ATTACK, poor Irish looked horrible, but they will do OK. Now, on to the news....
Has anyone heard? Argent and Citi merger? Products are on hold until 9/15/2007, but I think that it is going to be a good thing. Argent's products have been horrible for the past few months. They took all their STATED programs away, lowered LTV maximums.
Well like a said a while ago, RATES HAVE DROPPED! The stock market has not returned very well, meaning better rates and lowered tension on the broker front line. The conforming loan seems to be the newest trend ($417,000 or under).
Here is what I see happening shortly...
-JUMBO pricing, comes back in the next few days/weeks...
-Rates continue to drop slowly....
-FOMC lowers rates ...
-LSU Stomps VT
I better stop before I get ahead of myself.
The Federal Reserve released the Beige Book today. You ask what the Beige Book is? The report details the current economic condition of each US region. This is a HUGE impact on our industry. This will truly sway the market some how, hopefully for the better. We shall see what the crystal ball shows by Friday.
Thanks Everyone
Keep the questions coming!
Email me:
Corey.Mullin@gmail.com
http://mortgage-pro-opinion.blogspot.com
Has anyone heard? Argent and Citi merger? Products are on hold until 9/15/2007, but I think that it is going to be a good thing. Argent's products have been horrible for the past few months. They took all their STATED programs away, lowered LTV maximums.
Well like a said a while ago, RATES HAVE DROPPED! The stock market has not returned very well, meaning better rates and lowered tension on the broker front line. The conforming loan seems to be the newest trend ($417,000 or under).
Here is what I see happening shortly...
-JUMBO pricing, comes back in the next few days/weeks...
-Rates continue to drop slowly....
-FOMC lowers rates ...
-LSU Stomps VT
I better stop before I get ahead of myself.
The Federal Reserve released the Beige Book today. You ask what the Beige Book is? The report details the current economic condition of each US region. This is a HUGE impact on our industry. This will truly sway the market some how, hopefully for the better. We shall see what the crystal ball shows by Friday.
Thanks Everyone
Keep the questions coming!
Email me:
Corey.Mullin@gmail.com
http://mortgage-pro-opinion.blogspot.com
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