RECENT BLOG POSTS
It's crazy to think that we are almost half way through the year already. Up here in New England the first couple of months were a blur from the crazy amount of snow we had, and before I knew it the Spring Market was in full bloom. I spent some down time over the Memorial Day weekend to pull out ...
06/03/2011
Mortgage Buddy Mid-Week Commentary Interest rates may have ticked up a sliver today, but for the past 5 weeks the markets have been trending downward. We are coming off of the worst May in a couple of years but as I keep saying we have to find a positive with everything, and the positive here is ...
06/02/2011
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I have decided to once a week use my "Mortgage Buddy" blog as a platform to post information about a local charity event in Mass. As hopefully my posts begin to reach more and more referral partners and potential clients I think its important to use the "popularity" in a positive way. In other w...
05/31/2011
The Mortgage Buddy's rate outlook for the week. Last week saw another round of soft economic data. It seems clear that the global economy is seeing a bit of a soft patch. The effects of the stimulus money is starting to fade out, Japan's earth quake economic shock waves are finally being felt, an...
05/30/2011
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Today's Mortgage Buddy Market Update This morning featured the release of some mixed housing data. Let's take a quick review of what was released and what it means. 7AM MBA Mortgage Application Report: By definition the Mortgage Bankers' Association compiles various mortgage loan indexes. The pur...
05/25/2011
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Today's Mortgage Buddy Update I wanted to borrower a couple of minutes of everyones' time and update you on some housing market data that was released today as well as some stock market news. The Commerce Department said sales increased 7.3 percent to a seasonally adjusted 323,000 unit annual rat...
05/24/2011
This is a fantastic blog post for anyone involved with FHA financed properties. Michael lays out his 5 FHA rules to make certain that your FHA financed property is flipped without running into road blocks.Buying and selling flipped properties can be a real pain in this market. For example, did yo...
05/24/2011
Below is "The Morgage Buddy" rate outlook for the week. I don't have a crystal ball. I use economic data and market trends to hopefully give some educated insight into the potential dirction of the market and mortgage rates. This week's mortgage market environment looks to interesting to say the ...
05/22/2011
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It was another roller coaster week in the stock market ending with a considerable sell off in Friday and increased market volatility. The market has been in a tight trading range the past few weeks with a S&P range of 1,320ish to 1,370 ish. There seems to be some major resistance around 1,350 ...
05/21/2011
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Today was a wild day in the stock market, especially for those who follow it closely on a daily basis. We started off negative and then really dipped in late morning and it looked as if the technical levels were going to break down. I sold some June expiration calls I had on the VIX and then bou...
05/17/2011
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John Saari
"The Mortgage Buddy"
Real Estate Resources
I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level.
Education = Confidence