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FHA Streamline Refinance Interest Rates Hit New Low for Orange County Home Owners

by on June 30, 2010

Orange County home owners with an FHA loan are in for some great news! FHA Streamline Refinance interest rates are at or near all time lows. The FHA Streamline refinance allows current FHA borrowers to take advantage of low rates without having to go through the full loan process they did when they bought their [...]

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Utah Mortgage Rates lowest on Record

by on June 29, 2010

Utah Mortgage Rates have fallen over the past two months to the lowest levels EVER.  1971 is when Freddie Mac started to track mortgage interest rates. We are currently breaking the record of the lowest recorded average rates. Currently the average rate for a 30-year fixed rate is 4.69% according to Freddie Mac. If you [...]

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Santa Clara Mortgage Rates sink to the lowest level of the year

by on May 24, 2010

Last week Santa Clara mortgage rates eased back to the lowest level of the year. According to Freddie Mac’s Primary Mortgage Market Survey® the 5-year adjustable-rate mortgage (ARM) averaged 3.91 percent this week, with an average 0.6 point, down from last week when it averaged 3.95 percent.  This breaks last week’s record and, again, the [...]

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New Home / First Time Buyer Credits in California

by on May 10, 2010

The New Home / First-Time Buyer Credits are available only for purchases that close escrow on or after May 1, 2010. Applying for the 2010 New Home/First-Time Buyer tax credits: Applications must be faxed after escrow closes. The new application will be available by May 1, 2010. We will deny the application if the 2009 [...]

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Mortgage Market Update 4-26-2010

by on April 26, 2010

Mortgage Rates were volatile last week on news surrounding the Greece crisis.  Rates improved mid-week on fears of a collapse of the Greek economy, and then worsened when a proposed bailout program was announced.  Adding to the upward pressure of mortgage rates on Friday was the release of some strong positive economic data including the hottest [...]

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Mortgage RateWatch Video – Dan Rawitch – Goldman In Trouble

by on April 19, 2010

Leading indicators was not helpful in determining direction of mortgage rates, but many don’t care. Technicals will drive the market for the next couple of days. Goldman investigation could trigger DOW sell off.

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Mortgage RateWatch Video – Dan Rawitch – Housing Starts Up

by on April 16, 2010

Mixed bag of news today
Market is currently focusing on Michigan Sentiment
Head and Shoulders could break out positively
Above 100.28 will signal a breakout

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Mortgage RateWatch Video – Dan Rawitch – China Selling US Treasuries

by on April 15, 2010

Too much good economic news. The focus was jobs and inflation, now we’re looking at China’s position on US Debt and the relationship with their economic growth.

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Mortgage RateWatch Video – Dan Rawitch – No Inflation

by on April 14, 2010

Great news for Mortgage Rates on Inflation
Retail Sales are So-So
Fed has fuel to continue “Extended Period” language
Bernanke testimony should help
FOMC notes will be deciding factor later today

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Mortgage RateWatch Video – Dan Rawitch – Waiting For CPI

by on April 13, 2010

Light but crazy trading
Yesterday’s rally was goofy
Pros will not anticipate Fed or CPI
If inflation is in check, rally will continue – If not… Oh Boy!
No real news until Wednesday’s CPI report

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Mortgage RateWatch Video – Dan Rawitch – Bond Rollover Week

by on April 12, 2010

Bond Rollover has no effect on pricing
Some new hope for Europe
No real news until Wednesday’s CPI report

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Mortgage RateWatch Video – Dan Rawitch – Traders Are Focused On Masters

by on April 9, 2010

* Gap down for treasuries on THIN trading
* Good but not great 30 year auction
* 84 billion of supply concerns are behind us, and it went well
* No real news, and traders are focused on the Masters

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Mortgage RateWatch Video – Dan Rawitch

by on April 8, 2010

Mortgage Rate Video Highlights – April 8, 2010

* Another positive morning tone
* Great 10 year auction with almost 3x bid to cover
* Dow is correcting, could further the flight to quality
* This rally could fuel the 30 year auction

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