My Mortgage Buddy's Education Center

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Mortgage and Lending

ARCHIVED BLOG POSTS

2011 

I have decided to once a week use my "Mortgage Buddy" blog as a platform to post information about a local charity event in Mass. As hopefully my posts begin to reach more and more referral partners and potential clients I think its important to use the "popularity" in a positive way. In other w...
05/31/2011
The Mortgage Buddy's rate outlook for the week. Last week saw another round of soft economic data. It seems clear that the global economy is seeing a bit of a soft patch. The effects of the stimulus money is starting to fade out, Japan's earth quake economic shock waves are finally being felt, an...
05/30/2011
Today's Mortgage Buddy Market Update This morning featured the release of some mixed housing data. Let's take a quick review of what was released and what it means. 7AM MBA Mortgage Application Report: By definition the Mortgage Bankers' Association compiles various mortgage loan indexes. The pur...
05/25/2011
Today's Mortgage Buddy Update I wanted to borrower a couple of minutes of everyones' time and update you on some housing market data that was released today as well as some stock market news. The Commerce Department said sales increased 7.3 percent to a seasonally adjusted 323,000 unit annual rat...
05/24/2011
This is a fantastic blog post for anyone involved with FHA financed properties. Michael lays out his 5 FHA rules to make certain that your FHA financed property is flipped without running into road blocks.Buying and selling flipped properties can be a real pain in this market. For example, did yo...
05/24/2011
Below is "The Morgage Buddy" rate outlook for the week. I don't have a crystal ball. I use economic data and market trends to hopefully give some educated insight into the potential dirction of the market and mortgage rates. This week's mortgage market environment looks to interesting to say the ...
05/22/2011
  It was another roller coaster week in the stock market ending with a considerable sell off in Friday and increased market volatility. The market has been in a tight trading range the past few weeks with a S&P range of 1,320ish to 1,370 ish. There seems to be some major resistance around 1,350 ...
05/21/2011
Today was a wild day in the stock market, especially for those who follow it closely on a daily basis. We started off negative and then really dipped in late morning and it looked as if the technical levels were going to break down. I sold some June expiration calls I had on the VIX and then bou...
05/17/2011
Mortgage rates continue to remain under pressure last week falling the lowest levels of 2011. Fantastic timing for the Spring Real Estate Market. The overall market was down about .5% and some choppy trading and this week looks to bring some increased volatility to trading. We have had such a bi...
05/16/2011
We have heard all this talk back and forth over the past couple of months about our debt issues. We are a country of credit cards and it doesn't stop at the mall. The US is maxed out on their credit limit and the United States is set to reach its $14.3 trillion debt limit on Monday, and will onl...
05/13/2011
Rainer
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John Saari

"The Mortgage Buddy"
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