Blog2Real Estate Unleashed - By Carole Rodoni
Calendar Posted Tue Dec 06 12:00AM

Presented by Bamboo Consulting Inc. Vol. 36 December 2011

Real Estate Unleashed

By Carole Rodoni


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Blog2Weekly Update by Tracie Southerland - Opes Advisors
Calendar Posted Fri Nov 18 12:00AM

 

Here’s a look at the rates we’ve been seeing for purchase transactions: 

 
417 FHA                       3.750%   0 pt.

417 Conforming            4.000%   0 pt.

625 FHA                       3.875%   0 pt.

625 Conforming            4.250%   0 pt.

Jumbo 5/1                    3.000%   0 pt.

Jumbo 7/1                    3.125%   0 pt.

Jumbo 10/1                  4.125%   0 pt.

Jumbo 30                     4.500%   0 pt.

Jumbo Rates are based on LTV and Credit Scores.
Lower LTV’s have lower rates.


Tracie
 

 

Tracie Southerland

Financial Advisor and
Mortgage Advisor
DRE 01190919
NMLS 296909
650.319.1603

Email · Biography

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Blog2Weekly Update by Tracie Southerland - Opes Advisors
Calendar Posted Fri Oct 28 12:00AM

 

I have had a lot of questions about the  Fed’s 'Operation Twist' Stimulus that was launched a little over a month ago. Here is some background information for you.

The primary goal of “Operation Twist’’, announced by the Fed on September 21st, is to lower borrowing costs for consumers, businesses and the housing sector.  In their attempt to accomplish this goal the Fed is selling shorter dated treasuries and buying longer dated bonds hoping to decrease long-term interest rates.  In addition to shifting the Fed’s efforts toward longer dated bonds the Fed surprised the markets by stating they would also be specifically targeting mortgage backed securities to lower mortgage rates.  This has the dual effect of encouraging refinancing (which in theory increases disposable income) and increasing demand for new home purchases.

How is it working?
It is too early to tell at this point.  Rates (measured by the benchmark 10 Year Treasury yield) have actually increased by ~25% from a low of 1.72% the day after Operation Twist was announced to 2.15% as of October 24th.  However the increase in rates should not be viewed as a sign of failure for the policy.  In mid-September there were other factors at play impacting rates, namely the fear of a meltdown in Europe that led to a subsequent flight into the perceived safety of government debt, driving yields to record lows around the time of the Fed’s announcement.  The fact that rates have increased is simply a function of a ‘spring back’ as fears of another credit crisis have subsided.

The direction of rates going forward
Barring a significant negative turn of events in Europe or a recession in the US we would not expect rates to return to the levels seen in September.  While rates have risen from all time lows they have stabilized in the 2.15-2.25 range in October.  However, given the Fed’s very clear intent to maintain low rates we do not expect to see a material increase in interest rates for the foreseeable future.  In addition to the Fed’s actions there are a number of factors keeping rates low including low demand by borrowers, decreasing fiscal stimulus and general uncertainty about the pace of economic recovery going into 2012.  

Don’t hesitate to let me know if you have additional questions or would like more information on the 'Operation Twist' Stimulus.

Here's a look at the rates we've been seeing: 

 
417 FHA                       3.750%   0 pt.

417 Conforming            4.000%   0 pt.

625 FHA                       4.000%   0 pt.

625 Conforming            4.375%   0 pt.

Jumbo 5/1                    2.875%   0 pt.

Jumbo 7/1                    3.125%   0 pt.

Jumbo 10/1                  3.875%   0 pt.

Jumbo 30                     4.500%   1 pt.

Tracie
 

 

Tracie Southerland

Financial Advisor and
Mortgage Advisor
DRE 01190919
NMLS 296909
650.319.1603

Email · Biography

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Blog2Weekly Update by Tracie Southerland - Opes Advisors
Calendar Posted Sat Oct 08 12:00AM

 


Here's a look at the rates we've been seeing: 

 
417 FHA                       3.750%   0 pt.

417 Conforming            4.000%   0 pt.

625 FHA                       3.875%   0 pt.

625 Conforming            4.375%   0 pt.

Jumbo 5/1                    3.125%   0 pt.

Jumbo 7/1                    3.500%   0 pt.

Jumbo 10/1                  4.000%   0 pt.

Jumbo 30                     4.625%   1 pt.

Tracie

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Blog2Weekly Update by Tracie Southerland - Opes Advisors
Calendar Posted Fri Sep 23 12:00AM

 


Here's a look at the rates we've been seeing: 

 
417 FHA                       3.750%   0 pt.

417 Conforming            3.750%   0 pt.

625 FHA                       3.750%   0 pt.

625 Conforming            3.875%   0 pt.

Jumbo 5/1                    3.125%   0 pt.

Jumbo 7/1                    3.250%   0 pt.

Jumbo 10/1                  3.875%   0 pt.

Jumbo 30                     4.500%   1 pt.

Tracie
 

 

Tracie Southerland

Financial Advisor and
Mortgage Advisor
DRE 01190919
NMLS 296909

Email · Biography

650.319.1603

(3) Comments

Reader Comments

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