- No Money Down
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2nd Home - Debt Consolidation
100% Financing
Letter To Business Partners
Hi Business Partners,
Are you loosing clients because of the Sub-prime shake up? Well, I’ve never been a big fan of the high rates and crazy programs that sub-prime had to offer. WHY? Because there are TONS of other ways to get your clients the house they want WITHOUT those terrible rates and risky programs.
Need 100% ? NO PROBLEM majority of my business is 100%
Does you client have unpaid collections? I can do 100% purchase with up to $5000 in collections!
Credit Scores too low? I have a rescoring program that can increase the score by as much as 100 points in 1-3 months.
Let me put my expertise to work for YOU! Give me a call with the contact info to the client you want me to call and help.
Here’s my service standard: 1-4-24
1- Call me and if you don’t get me I’ll call you back with an hour
4- Once we talk about a loan I will call back with 3 Option with in 4 hours24- After we talk and you or your client decide which option is best I will send it in writing with in 24hr.
Service is in our name because that’s our GAME!
Market Comment
Mortgage bond prices fell pushing rates higher last week. Bonds rallied nicely following the Federal Reserve meeting in which they decided to leave rates unchanged. Their statement left out any reference to "additional firming" which was a change from past meetings. However, a spike in oil prices last Thursday changed market sentiment and sent bonds lower and rates higher.
For the week, interest rates on government and conventional loans rose by about 1/8 of a discount point.
The new home sales data will set the tone for trading this week. Consumer confidence, durable goods orders, gross domestic product, income, outlays, and consumer sentiment data will also be important.
LOOKING AHEAD
EconomicIndicator
ReleaseDate & Time
ConsensusEstimate
Analysis
New Home Sales
Monday, March 26, 10:00 am, et
Up 6.1%
Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.
Consumer Confidence
Tuesday, March 27,10:00 am, et
109.0
Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.
Durable Goods Orders
Wednesday, March 28, 8:30 am, et
Up 3.0%
Important. An indication of the demand for "big ticket" items. Weakness may lead to lower rates.
Q4 GDP final revision
Thursday, March 29,8:30 am, et
Up 2.2%
Important. The aggregate measure of US economic production. Weakness may lead to lower rates.
Personal Income and Outlays
Friday, March 30,8:30 am, et
Income up 0.3%,Outlays up 0.3%
Important. A measure of consumers’ ability to spend. Weakness may lead to lower mortgage rates.
Construction Spending
Friday, March 30,10:00 am, et
Down 0.6%
Low importance. An indication of economic strength. A significant decrease may lead to lower rates.
U of Michigan Consumer Sentiment
Friday, March 30,10:00 am, et
None
Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.
Durable Goods OrdersDurable goods orders are generally believed to be a precursor of activity in the manufacturing sector because manufacturing must have an order before considering an increase in production. Conversely, a decrease in orders eventually causes production to be scaled back; otherwise the manufacturer accumulates inventories, which must be financed.
Unfortunately, durable goods orders data has many drawbacks. The first problem with the orders data is that they are extremely volatile. The volatility of the data usually is attributed to the civilian aircraft and defense components of the figure. For example, if Boeing has a big order for one of its jumbo jets, the civilian aircraft category can change by $3-4 billion. The same scenario is evident when an aircraft carrier is ordered, surges in the defense category result. The second problem with the data is that orders are continuously being revised. There are many times in the past when the advance report on durables showed an increase while a revision a week later showed a decrease. The revised data is found in the report on manufacturing orders, shipments, and inventories.
Since the data is very volatile and difficult to forecast, there is quite often a huge disparity between the actual release and the initial projections. If the durable goods report is much stronger than expected, look for mortgage interest rates to push higher. If favorable, the data may help interest rates remain steady or even push lower.
To unsubscribe, please hit "reply" and include unsubscribe in the subject line.
Copyright 2007. All Rights Reserved. Mortgage Market Information Services, Inc. www.ratelink.com The information contained herein is believed to be accurate, however no representation or warranties are written or implied.
Are you loosing clients because of the Sub-prime shake up? Well, I’ve never been a big fan of the high rates and crazy programs that sub-prime had to offer. WHY? Because there are TONS of other ways to get your clients the house they want WITHOUT those terrible rates and risky programs.
Need 100% ? NO PROBLEM majority of my business is 100%
Does you client have unpaid collections? I can do 100% purchase with up to $5000 in collections!
Credit Scores too low? I have a rescoring program that can increase the score by as much as 100 points in 1-3 months.
Let me put my expertise to work for YOU! Give me a call with the contact info to the client you want me to call and help.
Here’s my service standard: 1-4-24
1- Call me and if you don’t get me I’ll call you back with an hour
4- Once we talk about a loan I will call back with 3 Option with in 4 hours24- After we talk and you or your client decide which option is best I will send it in writing with in 24hr.
Service is in our name because that’s our GAME!
Market Comment
Mortgage bond prices fell pushing rates higher last week. Bonds rallied nicely following the Federal Reserve meeting in which they decided to leave rates unchanged. Their statement left out any reference to "additional firming" which was a change from past meetings. However, a spike in oil prices last Thursday changed market sentiment and sent bonds lower and rates higher.
For the week, interest rates on government and conventional loans rose by about 1/8 of a discount point.
The new home sales data will set the tone for trading this week. Consumer confidence, durable goods orders, gross domestic product, income, outlays, and consumer sentiment data will also be important.
LOOKING AHEAD
EconomicIndicator
ReleaseDate & Time
ConsensusEstimate
Analysis
New Home Sales
Monday, March 26, 10:00 am, et
Up 6.1%
Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.
Consumer Confidence
Tuesday, March 27,10:00 am, et
109.0
Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.
Durable Goods Orders
Wednesday, March 28, 8:30 am, et
Up 3.0%
Important. An indication of the demand for "big ticket" items. Weakness may lead to lower rates.
Q4 GDP final revision
Thursday, March 29,8:30 am, et
Up 2.2%
Important. The aggregate measure of US economic production. Weakness may lead to lower rates.
Personal Income and Outlays
Friday, March 30,8:30 am, et
Income up 0.3%,Outlays up 0.3%
Important. A measure of consumers’ ability to spend. Weakness may lead to lower mortgage rates.
Construction Spending
Friday, March 30,10:00 am, et
Down 0.6%
Low importance. An indication of economic strength. A significant decrease may lead to lower rates.
U of Michigan Consumer Sentiment
Friday, March 30,10:00 am, et
None
Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates.
Durable Goods OrdersDurable goods orders are generally believed to be a precursor of activity in the manufacturing sector because manufacturing must have an order before considering an increase in production. Conversely, a decrease in orders eventually causes production to be scaled back; otherwise the manufacturer accumulates inventories, which must be financed.
Unfortunately, durable goods orders data has many drawbacks. The first problem with the orders data is that they are extremely volatile. The volatility of the data usually is attributed to the civilian aircraft and defense components of the figure. For example, if Boeing has a big order for one of its jumbo jets, the civilian aircraft category can change by $3-4 billion. The same scenario is evident when an aircraft carrier is ordered, surges in the defense category result. The second problem with the data is that orders are continuously being revised. There are many times in the past when the advance report on durables showed an increase while a revision a week later showed a decrease. The revised data is found in the report on manufacturing orders, shipments, and inventories.
Since the data is very volatile and difficult to forecast, there is quite often a huge disparity between the actual release and the initial projections. If the durable goods report is much stronger than expected, look for mortgage interest rates to push higher. If favorable, the data may help interest rates remain steady or even push lower.
To unsubscribe, please hit "reply" and include unsubscribe in the subject line.
Copyright 2007. All Rights Reserved. Mortgage Market Information Services, Inc. www.ratelink.com The information contained herein is believed to be accurate, however no representation or warranties are written or implied.
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