Rates are looking great! Conventional is as low as 4.99% and FHA as low as 5.375%!*OAC
"Mortgage Bonds are trading sideways in a wide range between support and resistance. There is a large $28 Billion 3-year Note auction this afternoon, which could pressure the Bond market due to added supply.
Stocks are rising today on word that Congress will approve a $15 Billon bailout to keep the Detroit 3 auto makers from seeking bankruptcy protection. Also helping Stocks are shares of energy companies, which are getting a lift from higher oil prices this week. Oil, now at $44.50 a barrel, has risen almost $4 a barrel since Friday's close.
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Hang on for a bumpy ride! still no more news on the Famous 4.5% that the government is going to magically do. Who knows, maybe the market will do it on its own.
About The Utah Finance Guru!
- Cindee D. Stone
- Loan Officer Interview Q and A: How long have you been in the mortgage business? I have been in the mortgage industry for over 18 years. I have been very blessed and fortunate to have worked with so many wonderful people! How has the mortgage industry changed since you started, and what would you expect in the future? The mortgage industry and changed so much over the last few years. And, continues to change on a daily basis. It is very important to have a loan officer that has the experience to guide you through the process with success. What can borrowers do to insure a smooth mortgage underwriting process? The most common issue during the loan process is getting all of the documents from the borrowers. It is so different now and so much more is needed. This allows us to see the entire picture and make sure it all goes as smooth as possible. What provides you with the most satisfaction in your job as a Loan Officer? Even though the mortgage industry is harder these days, it will never take away the satisfaction and happiness with assisting someone getting into the home of their dreams! Or, helping a homeowner refinance and save money.
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