Great News on Wallstreet with Non-Conforming Loans!

We got some great news yesterday afternoon. Wallstreet is now purchasing Non-Conforming Loans again! That must put smile on the faces of lenders,mortgage brokers, loan officers, real estate agents and homeowners across the country! Expect for pricing to get much better on short-term 2,3,5,7 and 10 year adjustables, fully amortized and interest only next week!

As of Friday morning, most non-conforming loans had little to no rebate pricing on any lender's rate sheet! That should be gone soon and this will free up more of the "liquidity" issues that lenders are having across the United States. Afterall, the old saying, "It takes money to make money" still holds true!

Have a great weekend everyone!

Scott Gormley
Broker/Owner
Oak Valley Mortgage
2006 Chico Assoc. of Realtors Affiliate Chairman
Direct: 530.592.8362
Fax: 530.267.5555
Website: http://www.CALoan.com

Blog: http://www.carealestateblog.com/

"You find the perfect home, we'll find the perfect loan!"