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12 September 2009
Ten Year Note at 3.28%...WoW!!
Ten-year-note yields dropped 2 basis points, or 0.02%, to 3.33%. They earlier touched 3.28%, the lowest since May 20. Yields move inversely to bond prices and mortgage rates. Benchmark 10-year notes are on track to score a fifth weekly gain after the 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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08 January 2009
Rates Fall to Record Low of 5.01%
The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...
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26 September 2008
Lender Interview w/Dean Wong-Part II
My Lender Dean Wong and I sat down for Part II of our Interview on Finance 101: Thomas Ray : How are interest rates figured and how do I compare lender rates? Dean Wong :Rates are determined by the overall economy and supply and demand of money. Best Read More...
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26 September 2008
4.50% Interest Rates?...Multi-Family Rates very good NOW!!
Interest rates remain low for Multifamily permanent loans. Spreads for Fannie Mae financing have for the most part held steady. For Freddie Mac financing, spreads have fluctuated more, but they have done so within a narrow range. Where spreads have widened, Read More...
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16 September 2008
Best time to buy in 35 years..Rates are low!
Money is "Dirt cheap". 5.75% on 30-yr with 0 points.. Per my Lender Dean Wong. Contact Dean Wong Thomas Ray-310-420-1149 www.LAexclusiveProperty.com www.RealEstateBlogLA.com Read More...
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04 May 2008
When should you get Pre-Approved for a Loan?
I recommend that prospective home buyers get Preapproved as a way of establishing their good faith to home sellers and agents. Home buyers sometimes get into trouble because they aren't clued into the sequence of steps involved in financing their Read More...
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11 April 2008
Buyers and Renters - The Cost of Waiting
First up: The loss of tax deductions . In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction. A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying Read More...
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11 April 2008
2008:The Best Year to Buy a Home in 35 Years!
In April of 1973 , mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's Read More...
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