B Walsh Mortgage

The Home Affordable Refinance Program, can help eligible homeowners refinance their mortgage to obtain a lower rate, lower payment or more stable product (e.g., switching from an adjustable-rate to a fixed-rate mortgage). If you have a consistent history of paying your existing mortgage on time, ...

Many homeowners are finding relief in the HARP Mortgage Program.  Homeowners have been denied the opportunity to refinance because they owe more on their home than it is worth.  The HARP program was designed to help homeowners that face this problem by allowing borrower's with a loan owned by Fan...

Legendary Actor and AAG Spokesperson, Peter Graves, Speaks Out for Reverse Mortgages   IRVINE, Calif., Jan. 28 /PRNewswire/ -- Like many other industry participants, Hollywood actor and AAG spokesperson, Mr. Peter Graves is concerned seniors are not receiving the right message about reverse mortg...

Unfortunately there are a lot of misconceptions regarding reverse mortgages.  It actually is a great product that can help many.  I have found that people above age 62 have spent a lifetime paying in to their investment / their home and just are not able to make it month to month on there SS and ...

I hope everyone enjoyed their weekends!  There are just a couple of interesting reports that I want to share today. First, consumer confidence came in below expected as consumer inflation expectations peaked.  As a result of concerns of inflation, mortgage bonds are becoming lower.  Next, new hom...

Happy friday!  Some good news today as Mortgage Bonds seem to be stabilizing; however, still have a decent amount of making up to do. Existing home sales beat expctations of 4.85 mill. coming in at 4.89mill; although down from April's 4.94 million.  The unsold homes inventory was reported to be a...

Fears of inflation seem to have sent Mortgage Bonds lower this morning and beneath layers of support at the 25, 50 and 100 day moving averages.  Oil, once again, hit another high of 135.09 per barrel.  As I mentioned yesterday, there is / was a growing concern and today the Bond market is reactin...

This morning mortgage bonds are trading lower after the rise over the last five days of 150 basis points. Although there are no economic reports scheduled for today, the Fed will release their Minutes from their meeting of April 30th, something for the Traders to react to.  At the April 30 meetin...

Some good news in the housing market today. Housing starts for April beat expectations of 940,000, at an adjused annual rate of 1.032 million and up from March's 932,000. Also, building permits hit a adjusted annual rate of 978,000, beating expectations of 912,000. Happy friday!

As of this morning, jobless claims were reported at 371,000, which met expectations.  The monthly average of said claims, which rid out any one-time factors such as bad weather or holidays, fell to 365,750, down 1,000.  From this, one can say that the labor market is still not what it should be a...