Lee Zacharczyk's (leezman) Blog

Mortgage and Lending - Guaranteed Rate
              Lee ZacharczykVP / Sr. Loan OfficerAtlantic Home LoansPhone: (732) 577-8170Fax: 732-577-8169lz@atlantichomeloans.com     Mortgage NewsWhat an Obama Administration Means to Your Mortgage The debates are done, the election is over, and on January 20, 2009, Barack Obama will be inaugu...
"With less equity, people cannot borrow in order to spend.  We are a nation of borrowers.  Shut off the borrowing and spending is not far behind." I have learned through my 41 years that when things go bad, I mean really bad, it's usually not from one mistake or one error in judgment, but a combi...
WHAT A MONDAY! If you've been sleeping today, you may not have heard that Lehman Brothers, the world renowned financial services company founded in 1850 has announced its intention to seek chapter 11 bankruptcy protection, listing debts of 613 Billion. This comes as Merrill Lynch announced that ...
Falling oil prices combined with a better than expected revised 1st quarter Gross Domestic Product (GDP) numbers helped push the 10 year treasury to over 4% this week. The commerce department revised it's 1st quarter number on GDP to an annual growth rate of .9% from the .6% previously estimated....
Fewer jobless claims, a weaker dollar, and rising oil prices have all lead to speculation this week that the Fed's montage of rate cuts may be at an end. This has caused treasuries and mortgage backs to rise in anticipation of concerns for inflationary pressures that are already starting to hit t...
The decline of housing values may very well be far from over as major banks continue to limit the opportunities for buying homes with no income verification. With the deterioration of credit markets has come a reduced appetite for higher risk loans such as those where income is stated but not pro...
It was a case of good news/bad news this week as both Fannie Mae and the FHA announced on Friday it's new highly anticipated loan limits broken out by county. The FNMA county limits can be found at http://www.ofheo.gov/media/hpi/AREA_LIST.pdf and he FHA limits at https://entp.hud.gov/idapp/html/h...
 "You should manage your decision to refinance just like you would manage and investment...not with speculation, but with sound financial principals."With mortgage rates declining, inquiries about refinancing are on the rise.  Having been in the mortgage business for 15 years, I've been through a...
The market ended with no change in mortgage rates over last week after a bit of a roller coaster in bonds dominated the weeks activities. Bonds and mortgage backs rebounded yesterday from losses earlier in the week, on comments by the San Francisco Fed president saying that the economy will be "a...

Lee Zacharczyk

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