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Paul Walton CMPS

Rate Guard Mortgage Market Update Feb 25th

A Fabulous Friday Morning to all, Morning Economic News: GDP Annualized was revised down from 3.3% to 2.8%, Personal Consumption Expenditure’s came in well under expectations, Consumer sentiment shows an increase in consumer confidence. Advice: We have had a nice rally ..lock prior to a correction. Have a great weekend!

Rate Guard Mortgage Market Update Feb 24th

A Terrific Thursday Morning to all, Morning Economic News: Both Initial and Continuing Jobless Claims drop, Durable Goods Orders are disappointing, New home Sales come in under expectations. Focus is still on the Mid East be careful.. Have a Great Day!

FHA Changes coming in April to Monthly Mortgage Insurance for FHA loans

FHA Changes coming in April to Monthly Mortgage Insurance for FHA loans Mortgagee Letter 11-10 Effective April 18th the Annual Mortgage Insurance will increase 25 basis points. 30 YEAR Term Mortgage LTV 95% and above: Current 90 BPS April 18th 115 BPS LTV 95% and below: Current 85 BPS April 18th 110 BPS 15 YEAR Term Mortgage LTV 90% and above: Current 25 BPS April 18th 50 BPS LTV 90% and below: Current none April 18th 25BPS

Rate Guard Mortgage Market Update Feb 23rd

A Wonderful Weds Morning to all, Morning economic news: Existing home sales beat expectations..up 2.7% from the previous month. Be careful as the focus on the Mid East settles.. Tip for business expenses 2011 Have a great day!

Rate Guard Mortgage Market Update Feb 22nd

A Terrific Tuesday Morning to all, Morning Economic News: Consumer Confidence and Richmond FED Manufacturing Index both beat expectations, S+P Case Shiller Home Price Index droops to 2009 levels. Unrest in the Mid- East and rising oil prices have center stage. Be careful.. Have a great day! Please Note: This blog will shift to http://www.mortgagemarketinsight.org/ at the end of the month.