Canadian / Foreign National financing

Attached is a flyer for Canadian / Foreign National financing. No one else has this program at these loan to values!! So check it out.

Market Update

The November jobs report was released today showing some of the worst numbers in decades. Non-farm payrolls dropped 533,000 last month and was only the fourth time in 58 years that our economy lost over 500,000 jobs. The unemployment rate ticked up to 6.7%, the highest since October of 1993.

The news sent the Stock markets lower while the Bond markets didn’t have much of a reaction. We are currently in a bad economy and only news of a better report would have been a surprise.

Mortgage bonds are down a little today and we have had several reprices…. I am floating clients until Monday to see how the market continues.

The Labor Department’s Jobs Report

The Labor Department’s Jobs Report came in much worse than analysts expected, with 240,000 jobs lost in October. In addition, the Unemployment Rate jumped to its highest level since 1994.

In market news, Stocks are coming off their worst back-to-back days since the 1987 Stock Market crash. Although Stocks opened higher this morning, they could be in for more of a decline as today’s poor Jobs Report sinks in. This could create selling pressure on Stocks, which may help bonds improve.

Currently, prices are battling a strong ceiling of resistance. Should prices break out above current levels, it would be very bullish. Therefore, I recommend floating, even though prices are modestly weaker right now and may even worsen slightly before bouncing.

Jobs Report for August

Wow another great – shortened week! I know you are getting busy out there! Let me know what I can do to help. Make it a great weekend!

Market Update

The Jobs Report for August came in this morning at 84,000 jobs lost. But the real buzz in trading is the swelling unemployment rate, which jumped from 5.7% to 6.1%. This marks the highest unemployment rate since September 2003.

Mortgage pricing has been on a rally for the past several days and looks like it’s about to turn the other way. It’ll interesting to see what happens next week! Stay tuned!

Happy 4th of July!

Dear Friends,

Happy 4th of July! The Rate Sheet is attached.

It’s been an up-and-down morning in the markets today on the heels of this morning’s weak Jobs Report. The Labor Department reported that the US economy shed 62,000 jobs in June, which is slightly more than estimated. Job losses in April and May were also revised to show an additional 52,000 jobs lost in those months.

The Initial Jobless Claims report also came in–showing more weak signals in the labor market, as layoffs have breached levels typically associated with recessions. Despite expectations of a slight decrease, the unemployment rate remained at a four-year high of 5.5%.

In other news, as expected, the European Central Bank raised its key lending rate by .25% to 4.25% in an effort to rein in escalating inflation in the 15-nation Eurozone. It will be important to see how this news impacts our markets in the weeks ahead.

Market Update and FREE APPRAISAL flyer

Clients & Friends,

CHECK OUT TODAYS BONUS FLYER! Want to save your client $375? Yeah of course you do!!
Print out this FREE APPRAISAL flyer and give it to your clients. I’ll pay their appraisal fee at closing.

Market Update

·The jobs report came in at 20,000 jobs lost this month, which is a lot better than expectations of 75,000.
·Float interest rates until next week as a result of the market opening weak this morning and since improving.
·Do you have a cash buyer? Ask me about my Strategic Equity planning program and help maximize your clients’ investment.
·Print the FREE APPRAISAL flyer for new referrals.

Attached you will find my current rate sheet for the weekend. These rates have been accumulated from, Chase, Wells Fargo, IndyMac, Countrywide, Citi Mortgage, Wachovia, Everbank, and Washington Mutual. I have handpicked the best rates from all these banks for the most popular loan programs, so that I can ensure you and your clients the very best deal.

See the article below…

Smaller Property Tax Bills in the Desert Sun April 27, 2008.

Make it a fantastic weekend and I’ll talk to you soon!


Unemployment rate to nearly 5%

Last week we had a poor jobs report reading for March with a loss of 80,000 jobs which increased the unemployment rate to nearly 5%. Remember, the jobs report is the economic number with the biggest impact on mortgage rates.

Also, are you curious about your credit card debt? What should you keep your eyes peeled for? Have a productive week and make it great!

Oh by the way, I’m NEVER too busy for any of your mortgage referrals.

Jobs Report

Attached you will find my current rate sheet for the weekend. These rates have been accumulated from, Chase, Wells Fargo, IndyMac, Countrywide, Citi Mortgage, Wachovia, Everbank, and Washington Mutual. I have handpicked the best rates from all these banks for the most popular loan programs, so that I can ensure you and your clients the very best deal.

Market Update:

Rates ended down for the week by 0.25% on Conforming Loans 30 Fix and stayed about the same for Jumbo 30 yr Fix

Today the jobs report came out with a revision of 80,000 job losses for March. This allows mortgage pricing to stay lower longer. It reported the biggest job loss in five years with the unemployment rate eclipsing the 5% mark.

The jobs report is the economic number with the biggest impact on mortgage rates.

Do you know someone who wants a mortgage at less than 5%? Call me for details.

100% financing to $500,000? Ask me how.

Have a great weekend and by the way, I’m never too busy for any of your mortgage referrals!