dallas: Texas Veterans Land Board Interest Rate Down - 12/09/09 08:37 AM
Texas Veterans Land Board Interest Rate Down

The TxVet rate for the week of 11-30-09 went to 5.00% from 4.99%. With at least 30% service related disability the rate would be 4.50%.
 
Call Steve Brown, Mortgage Loan Officer specializing in loans for Veterans.
 
Steve Brown
Senior Mortgage Loan Office
Office: 210-658-7474
Cell: 210-862-2885


(2 comments)

dallas: Texas Veterans Land Board Interest Rate Down - 11/22/09 11:21 AM
Texas Veterans Land Board Interest Rate Down
 
The TxVet rate for the week of 11-23-09 went to 4.99% from 5.04%. With at least 30% service related disability the rate would be 4.49%.
 
Call Steve Brown, Mortgage Loan Officer specializing in loans for Veterans.
 
Steve Brown
Senior Mortgage Loan Office
Office: 210-658-7474
Cell: 210-862-2885
(0 comments)

dallas: San Antonio Mortgage Rates Flat For The Week - 11/22/09 11:20 AM
San Antonio Mortgage Rates Flat For The Week
San Antonio mortgages interest rates ended the week slightly lower than the previous weekend close. Again, a flat bond market rate is good for San Antonio mortgage interest rates.
NEW YORK (Reuters) -- Short-dated U.S. Treasurys rallied on Friday, sending two-year yields to 11-month lows, as investors sought the safety of government bonds on fears that this year's stock market recovery had finally come to end.
A day after the S&P's worst one-day percentage fall in three weeks, stock futures pointed to another dismal day on Wall Street, reigniting a bond market rally … (0 comments)

dallas: Mortgage Rates Down Slightly in the San Antonio Area - 11/22/09 11:18 AM
Mortgage Rates Down Slightly in the San Antonio Area  
  
Jobless claims hold at 10-month low  
   
Number of initial filers for unemployment insurance was unchanged last week at 505,000.
  
As reported by CNNMoney.com -- The number of first-time filers for unemployment insurance was unchanged last week, holding at the lowest level since January, said a government report released Thursday.
There were 505,000 initial jobless claims filed in the week ended Nov. 14, the same as the revised figure the previous week, the Labor Department said in a weekly report.
A consensus estimate of economists surveyed by … (0 comments)

dallas: Texas Veterans Land Board Rates Hold Steady - 11/22/09 11:15 AM
Texas Veterans Land Board Rates Hold Steady
 
Effective 111309, The Texas Veterans Land Board rates went down from the previous week coming out at 5.04%. With at least 30% service related disability the rate would be reduced by .50% or 4.58%.
 
Call for more information.
 
(0 comments)

dallas: San Antonio Mortgage Rates Hold as Treasurys pop after jobs report - 11/09/09 05:06 PM
San Antonio Mortgage Rates Hold as Treasurys pop after jobs report  
Government debt prices move higher after Labor Department reports unemployment rate spiked to 10.2%.  
As reported by CNNMoney.com Treasury prices were higher Friday after the government reported that unemployment spiked to 10.2% -- its highest level since April 1983.
The jump raised demand for the perceived safety of government-backed debt, which typically attracts investors in times of economic uncertainty.
But gains were limited ahead of next week's $81 billion record refunding, which includes 2-year and 10-year notes, along with the 30-year bond.
Treasury prices on the rise. The … (0 comments)

dallas: Texas Veterans Land Board Rates Hold Steady - 11/09/09 05:05 PM
Texas Veterans Land Board Rates Hold Steady
 
The Texas Veterans Land Board rates stayed the same as the previous week coming out at 5.08%. With at least 30% service related disability the rate would be reduced by .50% or 4.58%.
 
Call for more information.
 
This blog was posted by Steve Brown of Gold Financial Services, universal City, TX. Gold Financial Services is a full service mortgage banking firm with a wide variety of conventional and government loan products, including Texas Veterans Land Board assistance program.                                                         www.mortgagesbysteve.com  (210)862-2885    sbrown0007@aol.com
(0 comments)

dallas: Bond report - 11/09/09 05:03 PM
San Antonio Mortgages and Bonds mixed after jobless data  
Longer-term debt prices fall on better-than-expected jobless claims and supply concerns.
    
As reported by CNNMoney.com mortgage interest rates/bond prices were mixed on Thursday with dated Treasurys edging lower after the government reported that the number of Americans who filed for unemployment benefits slipped last week.
The Labor Department said initial jobless claims fell more-than-expected to 512,000, which triggered a rally on Wall Street. Still, investors are anxiously awaiting the October employment report due Friday.
"Investors look at earnings and employment as key drivers as to when the economic … (0 comments)

dallas: Mortgage Rates slump on upbeat economic reports - 11/03/09 10:36 AM
Mortgage Rates slump on upbeat economic reports

NEW YORK (Reuters) -- U.S. Treasurys fell Monday after stronger-than-expected data on manufacturing, construction and home sales spurred hopes of a solid economic recovery and dented demand for safe-haven U.S. debt.
Losses were limited however, with many investors unwilling to take a strong position as they wait for the Federal Reserve to speak Wednesday after its two-day monetary policy meeting and look ahead to Friday's October non-farm payrolls report.
We had very strong data today which raises the risk that we might have a further sharp narrowing in the non-farm payroll job declines" … (0 comments)

dallas: Texas Veterans Land Board Rates Drop - 11/02/09 03:13 PM
Texas Veterans Land Board Rates Drop

Texas Veterans Land Board rates dropped from 5.09% to 5.08% for the week beginning 11/2/2009. The rate will be good until 4:30pm on Friday, 11/06/2009. With at least 30% disability the rate would drop to 4.58%.
 
Wow
 
 
This blog was posted by Steve Brown of Gold Financial Services, universal City, TX. Gold Financial Services is a full service mortgage banking firm with a wide variety of conventional and government loan products, including Texas Veterans Land Board assistance program.                                                         www.mortgagesbysteve.com  (210)862-2885    sbrown0007@aol.com
 
(0 comments)

dallas: Bond market still going strong - 11/02/09 03:11 PM
Bond market still going strong
Bond market still going strong
Demand for U.S. debt remains robust as persistent economic concerns outweigh nervousness about a swelling budget deficit.
  
San Antonio Mortgage Rates eases slightly
As reported by CNNMoney.com -- The government is finding no shortage of willing buyers for its debt as the shaky economy continues to spur demand for safe haven assets.
"As long as the economy continues to sputter, it is hard to shed bonds in favor of anything else," said Kevin Giddis, managing director of fixed-income at Morgan Keegan.
Treasurys were higher Friday, paring a monthly loss, as … (0 comments)

dallas: Tax Credit Proposal Is Improved & Getting Closer - 10/30/09 04:13 PM
Tax Credit Proposal Is Improved & Getting Closer

There apparently is an agreement on the details of an expanded and extended credit.  No vote has occurred yet.  The issue is now caught up in Senate procedural matters.  However, there is optimism that it will be resolved this week.  The provision would still have to be passed by the House.  Below are the details of the new tax credit program.

•·         First-time homebuyers will continue at $8,000  -- same definition as current law.
•·         Tax credit for "move up" purchasers will be up to $6500
•o        Must have used previous … (1 comments)

dallas: The latest we are hearing in the Mortgage Lending circles - 10/29/09 02:50 PM
The latest we are hearing in the Mortgage Lending circles is the following

REVISED TAX CREDIT
 
        Credit is changed to 10% of sales price up to $7290
        For first time homebuyers, the income level to qualify is $ 75,000/150,000.
        For "move up" buyers the income level to qualify is $ 125,000/250,000.
        For "move up" buyers, they must have been residing in their primary residence for 5 years.
        The credit runs from Dec. 1, 2009 to April 30, 2010.
        Sales contracts signed as of April 30, 2010 would have 60 days to close.
  
(0 comments)

dallas: San Antonio Mortgage Rates Ease Ahead of Auction - 10/29/09 02:47 PM
 San Antonio Mortgage Rates Ease Ahead of Auction
AS Reported by CNNMoney.com -- Treasurys advanced Wednesday after the government said new orders for durable goods rose last month and investors braced for a $41 billion offering of 5-year notes.
Prices rose for a second day after an auction of $44 billion in 2-year notes on Tuesday received strong demand. The U.S. will offer $31 billion worth of 7-year notes Thursday in the last of three auctions this week totaling a record $123 billion.
The Commerce Department said new orders for durable goods rose 1% in September after a 2.4% decrease in … (0 comments)

dallas: San Antonio Mortgage Rates/Treasurys Edge Higher Before Auction - 10/29/09 02:41 PM
 
San Antonio Mortgage Rates/Treasurys Edge Higher Before Auction  
Prices drift higher as investors await economic reports and a $44 billion offering of 2-year notes. The government is selling a record $123 billion worth of debt this week as reported by Ben Rooney, CNNMoney.com staff reporter. The government is selling $123 billion worth of Treasurys this week to help fund its economic stimulus efforts and service a growing budget deficit.
Demand for U.S. debt has been strong, many analysts worry that the growing supply of new issues could damp the market's appetite and eventually weigh on prices. This would eventually … (0 comments)

dallas: Mortgage Rates Raise Slightly, Treasury's Slip Ahead of Record Auction - 10/26/09 04:29 PM
Mortgage Rates Raise Slightly, Treasury's Slip Ahead of Record Auction
As reported by Reuters -- U.S. Treasury debt prices eased Friday as investors maneuvered to cut prices ahead of next week's record-large wave of government notes supply.
Shorter-dated Treasury's were also undermined by recent signals the Federal Reserve may be beginning to at least mull how it will dismantle massive amounts of fiscal stimulus and pave the way for higher interest rates.
Losses were limited, however, by weakness in the stock market, which propped up the safe-haven appeal of U.S. government debt.
Benchmark 10-year Treasury notes, which are good indicators of … (0 comments)

dallas: Bond prices slip/mortgage rates climbed slightly - 10/26/09 04:23 PM
Bond prices slip/mortgage rates climbed slightly as report on activity from regional banks shows economic improvements as reported by Hibah Yousuf, CNN Money .com contributing writer.
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NEW YORK (CNNMoney.com) -- Bond prices fell and home mortgage interest rates rose slightly Wednesday after the Federal Reserve released its latest report showing signs of a stabilizing economy.
Demand for the perceived safety of U.S. debt waned after the Federal Reserve … (0 comments)

dallas: Free Mortgage Credit Scores - 10/13/09 07:17 PM

Free Mortgage Credit Scores
 

As reported in the Wall Street Journal, you can get credit scores free. All 3 bureaus will give you a free credit report as required by law once a year. However, they charge you for you credit scores. These scores are used in everything it seems these days but more importantly for mortgages.
 
The article names 3 websites that give out "a" credit score and how each score is determined, helpful hints on how to increase the score and how you rank. Those websites are as follows:
 
Company                     Upside                                     Downside
 
Credit.com                   … (0 comments)

dallas: Treasury's rise after strong auction results - 09/25/09 09:33 AM
Treasury's rise after strong auction results
Prices for U.S. bonds increase after a sale of 7-year notes sees solid demand, stocks slip as reported by Ben Rooney, CNNMoney staff reporter.
 
NEW YORK (CNNMoney.com) -- Treasury's rose Thursday after a government debt sale drew strong demand and a weaker-than-expected housing report boosted demand for the safety of U.S. debt.
The government received bids totaling nearly $81 billion for the $29 billion worth of 7-year notes sold Thursday. The bid-to-cover ratio, which measures demand for the assets, was a robust 2.79. That compares with an average of 2.48 over the last seven … (0 comments)

dallas: FNMA Announces More Changes - 09/24/09 11:46 AM
FNMA Announces More Changes
 
 


FNMA announced in their latest mortgagee letter Wednesday that they were raising their minimum credit score to 620. On the surface this doesn't mean much since it was hard to get a conventional loan approved through FNMA with a credit score less than 620 anyway. The significance of it is this, since FHA and VA have no minimum credit score technically, we can no longer sell FNMA our FHA or VA loans that had scores between 600 and 620.
 
All the investors that we usually sell to have quit accepting loans with … (1 comments)

 
Steve Brown (Gold Financial Services)

Steve Brown

Schertz, TX

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Gold Financial Services

Address: 1001 Pat Booker Rd., Ste 109, Universal City, tx, 78148

Office: (210) 658-7474

Mobile: (210) 862-2885

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