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23 May 2011
Obama Administration’s Housing Scorecard
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the April edition of the Obama Administration’s Housing Scorecard—a comprehensive report on the nation’s housing market. Read More...
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19 February 2010
Feds move "Discount Rate"
Jumbo rates have dropped another .25%! So a 30 year fixed loan up to $2,000,000 could be as low 5.375% @ 1 point or 5.625% @ 0 points. Haven't seen rates like this in a long, long time. The last time the FED moved on rates was back in December 2008. Read More...
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31 July 2009
Lender Questions-My Interview with Dean Wong at First Capital Mortgage
It is with great pleasure to post my Interview with one of my favorite Lenders Dean Wong at First Capital Mortgage. (His contact is at the end of my post). Tom: Hello Dean. How are you doing? Dean: Great Tom Tom: 1).I have heard that there are some changes Read More...
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15 October 2008
Fed Cuts Rate by .50==Multi-Family Financing Still Unknown
Fed Cuts Rate by 50 Basis Points, Impact on Multi-Family Financing Still Unknown The Federal Reserve today ordered an emergency interest rate cut of half a percentage point , knocking the key rate down to 1.5 percent. The Fed fund rate is the interest Read More...
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