Better than Expected
A week of slightly better than expected economic news and yet rates only moved up slightly. On Tuesday, January existing home sales were up stronger than expected (up .4%). Tuesday January New Home sales dropped like a rock by 9.2%, bringing rates back the little...
Refi Success Story
My client who was referred by his accountant came in to see about a refi. He showed me his payment coupon and it said he had 3.625%. I asked him if was wanting cash out; he said no. So I asked him why he wanted to refinance when he has a good rate. He said that 4...
Can You Get a Loan if You Have No Credit?
No credit, no loan. FALSE! I had a client who was referred by their Realtor, whom I have never met and works in the valley. The client told me that they had been turned down because they have no credit score. The banks claimed that because there was no credit score,...
Quiet Week, But Remember to Lock In
It was a quiet week in economic news this week. Today, Friday, we got the news the that CPI was unchanged. It’s been a long time since I have seen that. The Core number, though, was up stronger than expected. Thursday the weekly jobless claims went 7000 to 275,000....