WELCOME TO RIVER DAVES PLACE

Mortgage Rate Update

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Tuesdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Rates are back to the high 3 to low 4% range again. Let's see if we can improve your current financial situation. Want to free up monthly expenses? Lower your current rate and payment? Need to do some home improvements? Now is the time.

HUMP DAY Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Thursdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Friday Campers!

Today's Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
The Week In Review: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Good Monday Morning Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Taco Tuesdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
FYI...just took one of our RDP veterans from 4.25% down to 3.25%/zero points on an IRRRL streamline refinance in 11 days. That's a happy camper. :D
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
HUMP DAY Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

bldrinker

Well-Known Member
Joined
Sep 28, 2011
Messages
2,074
Reaction score
2,790
HUMP DAY Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
I sent you an email.
 

wet hull

Well-Known Member
Joined
Mar 19, 2008
Messages
1,100
Reaction score
1,103
FYI...just took one of our RDP veterans from 4.25% down to 3.25%/zero points on an IRRRL streamline refinance in 11 days. That's a happy camper. :D
We just got qouted last week at 3.87 for our Havasu Refi. No money out either. Did rates fall again?
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Thursdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
We just got qouted last week at 3.87 for our Havasu Refi. No money out either. Did rates fall again?
The IRRRL is a VA streamline loan with very low rates. If your quote was for a conventional loan, that rate isn't out of the question for a second home.
 

wet hull

Well-Known Member
Joined
Mar 19, 2008
Messages
1,100
Reaction score
1,103
The IRRRL is a VA streamline loan with very low rates. If your quote was for a conventional loan, that rate isn't out of the question for a second home.
Mine was convetional on a 2nd home. No money out.
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Mine was convetional on a 2nd home. No money out.
For a second home, you might want to shop that. Wish we could help you in AZ but only licensed in CA. Our second home pricing guessing 70% loan to value, 740 fico with a $200K loan amount is 3.625% at zero points.
 

wet hull

Well-Known Member
Joined
Mar 19, 2008
Messages
1,100
Reaction score
1,103
For a second home, you might want to shop that. Wish we could help you in AZ but only licensed in CA. Our second home pricing guessing 70% loan to value, 740 fico with a $200K loan amount is 3.625% at zero points.
Thank you
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Friday Campers!

Today's Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Good Monday Morning Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Taco Tuesdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
HUMP DAY Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Back from the river! Love to go...hate to come back.

Thursdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Friday Campers! Rates are climbing...get 'em while they're low.

Today's Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
FYI, our website is undergoing some updates and improvements. If you are asking for a rate quote, please email me directly at scottwenhe@gmail.com or call me at 619-255-3182. My website alerts will not be reactivated until the updates are complete. Thank you.



Good Monday Morning Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
FYI, our website is undergoing some updates and improvements. If you are asking for a rate quote, please email me directly at scottwenhe@gmail.com or call me at 619-255-3182. My website alerts will not be reactivated until the updates are complete. Thank you.


Tuesdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
We have a planned power outage in our area today. To reach me, please call 619-517-7192.




HUMP DAY
Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Thursdays Rate Lock Advisory: http://www.scottwenhe.com/daily-report/

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy TGIF Campers!

Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Monday!
Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.


Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Taco Tuesday!

Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Hump Day!

Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or"Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
 

satellitemike

Well-Known Member
Joined
Oct 5, 2009
Messages
3,280
Reaction score
3,999
Hump Day!

Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or"Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
scottwenhe@gmail.com
Good morning Scott,
I text you Monday and never heard back?

Sent from my SM-G955U using Tapatalk
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Good morning Scott,
I text you Monday and never heard back?

Sent from my SM-G955U using Tapatalk
Sorry Mike. I've been in Detroit at a mortgage seminar. I looked back through my text messages and I do not see anything from you. Please call or text me at 619-517-7192.
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Thirsty Thursday!

Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Friday Campers!

Here's today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Monday!
Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Tuesday tidbits

Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

We offer FIX and FLIP commercial loans in addition to our new 30 year fixed commercial loans. These are wholesale lenders, NOT hard money.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Hump DAY!

Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

We offer FIX and FLIP commercial loans in addition to our new 30 year fixed commercial loans. These are wholesale lenders, NOT hard money.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
FED just announced a 1/4% rate cut. The cut was already accounted for in the mortgage rates (which the FED does not affect directly) last week in anticipation of the rate drop.
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
For those of you interested in the FED rate decrease and thinking mortgage rates will also decrease, here's a good explanation for you...

: Here's how todays Fed rate cut affects you, especially regarding a mortgage.


No, The Fed Didn't Cut Mortgage Rates!

Mortgage rates were mostly unchanged today, which will come as a surprise to scores of consumers who mistakenly believe the Fed's 0.25% rate cut equates to a 0.25% drop in rates. The Fed does not set mortgage rates!


Actually, to be fair, the Fed Funds Rate (that thing everyone is talking about today) is in fact the basis for Home Equity Lines of Credit (HELOCs) in many cases, but that's it as far as the mortgage world is concerned. The most common mortgages are determined by other parts of the financial market.


In fact, mortgages actually "turn into" securities that are traded in financial markets as a part of the process that makes them safer and easier for investors to buy. Those securities trade just like other securities, for the most part (e.g. stocks, bonds, etc.), and it's the price movement of those securities that most directly dictates mortgage rates. Shockingly enough, these are known as Mortgage-Backed Securities (MBS).


Unlike the Fed Funds Rate, which only changes once every 6 weeks, if at all, MBS can change every minute of every business day. They've been doing just that for months as market anticipation for the Fed rate cut has increased. Simply put, the Fed rate cut has long since had its impact on the financial market and today merely saw a very small epilogue to that bigger story.


If you want to think about this in terms of the stock market, just consider that stocks LOST ground today. Why would they do that if a Fed rate cut is universally considered to be positive for stocks? Here again, stocks have already had plenty of time to PRICE-IN the rate cut. That left today for them to react to other information from the Fed. Specifically, they were a bit disappointed that Powell didn't do more to offer assurances about additional cuts.


The bottom line is that when financial instruments (like stocks, bonds, and MBS) can move all day every day, it would be foolish of them NOT to move in anticipation of something that will almost certainly happen. That was the case with today's Fed rate cut. In fact, they have already accounted for at least one more cut.


That means, all other things being equal, if the Fed were to say "we're done cutting for now and will keep rates at these levels for the next 6 months," you'd see an immediate and rather large move higher in rates. In other words, we're already counting on another 1-2 Fed rate cuts simply to sustain the low rates that are already here. If those cuts don't come, rates will move back up.
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Friday Campers!

Rates have reacted favorably in the last two days and have dropped dramatically. Call or email for a no obligation review of your current CA mortgage scenario.

Here's today's Rate Lock Advisory: click HERE

We offer the most aggressive wholesale VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Happy Monday!
Today's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
6,967
Reaction score
1,641
Well, that was an interesting beginning to the week. FYI, rates have dropped a great deal. If you are still in the 4% range or higher, it's time to look at your mortgage scenario to see if we can save you some serious $$$ per month. Call us at 866-476-2494 if your home is in CA.



Tuesday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182

scottwenhe@gmail.com
 
Top