Lester has the Loan for you! Industry Update

DAILY MORTGAGE RATE LOCK ADVICEJune 1, 2010 7:47 PTLock Advice is Updated Several Times Daily Short Term Mortgage Rate lock Advice:  LOCKMBS prices are up 2/32.  The stock market has increased from this morning's lows and MBS Prices have dropped 4/32 in the last few minutes which may cause early ...

Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEMarch 23, 2010, 6:35 PTLock Advice is Updated Several Times Daily Short Term Lock Advice for loans that must lock today:  FLOAT.  MBS prices opened up 1/32.  Existing Home Sales for February will be released at 7:00 AM PT and the res...

Well said!It's official: The New Good Faith Estimate is causing real pain to The Consumer and; The Real Estate Industry I've now spent two months working on this new good faith estimate.  It's been implemented since January 1rst of 2010. So, without further adieu.....what is the problem with the ...

While hiking in the woods, sometimes you feel lost and if you follow the light, you will find your way. Todd Clark - Broker / Sales Coach All Brokers Real Estate Phone: (503)524-9494 Fax: (503)622-8739 Beaverton Oregon Homes for Sale, Beaverton OR homes for sale, homes for sale in zip code, 9700...

Rate Lock Advice & Mortgage Market Update January 27, 2010, 1:20  PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS Price is down 3/32.  MBS prices dropped after the release of the Fed statement  reaffirming  the MBS purchase program will be concluded by the end of March. December New Home Sales fell 8...

Most people have heard that the foreclosure prevention programs have not been as successful as Obama had hoped.  It seems that one of the road blocks has been borrowers with a second mortgage.  Apparently there has not been an agreement with the second lien holders which causes the first mortgage...

Rate Lock Advice & Mortgage Market Update January 26, 2010, 2:15  PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are currently up 3/32, down from today's high of 6/32Consumer Confidence increased slightly and demand was average for today's 2-Year bond auction.   RATE NOTES:When MBS prices ar...

Rate Lock Advice & Mortgage Market Update January 26, 2010, 2:15  PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are currently up 3/32, down from today's high of 6/32Consumer Confidence increased slightly and demand was average for today's 2-Year bond auction.   RATE NOTES:When MBS prices ar...

Great post by a tremendous local agent!There are some great opportunities for buyers in today's real estate market. We have all heard about how one can get a great deal on a bank foreclosure. However, if you are willing and able to wait out a short sale purchase, that may be the best option. What...

Rate Lock Advice & Mortgage Market Update January 22, 2010, 6:30  PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CautionMBS prices are down -4/32. No economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news =...