Boston Corporate Housing

One Response to “Is the Economy Finally Cooling? Sacramento Mortgage Rate Update”

Nice Posted! Its so very informative and knowledgeable for your visitors or readers.
Thank You for sharing.. Keep up the good work..

Preventing Fallout: 5 Questions Every Agent Should Ask (Part V)
Sacramento Mortgage Rate Update: What the hell happened? »
This entry was posted on Monday, June 18th, 2007 at 3:30 pm and is filed under Credit & Ficos, Loan Fraud, Qualifying. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

It’s hard to believe that something as shady as this goes on undetected, but I’m sure there are many Web sites trading on this scam than I can imagine. It’s a shame.

I don’t know which is more disheartening, the fact that people will sell this service or the fact that consumers will buy it.

In the end we all complain about the cost of stuff, but this is flat out cheating and the honest people pay. If the first law of human nature is that people want to feel good and they don’t want to feel bad, the second law has to be that people cheat. Not always, not always in a big way, but people cheat. Sad

Excellent article. I think I’m going to link to this when I discuss financing. Thanks for the info.

I definitely agree about the internet lenders.

The benchmark conforming 30 year fixed rate mortgage improved slightly to 6% this week on reports indicating a slowing economy and falling inflation.

Behind the Numbers

In a week chock full of economic news, January new home starts plunged 14.3%, oil prices lead the Producer Price Index lower, industrial production slowed, unemployment rose, and consumer sentiment weakened.

In testimony before both the Senate and House Banking committees, Fed Chairman Ben Bernanke projected that inflation will moderate over the next two years, reinvigorating hopes of a Fed rate cut later this year.

This morning’s release of the Labor Dept. report for November jobs shows non-farm payrolls sliding by 533,000 jobs, just a smidge more than the expected loss of 350,000.

Sorry folks. I guess server issues has taken me out of action the past few days. Tomato Blogs is working on the problem and seems to have restored the archives up through December. Hope to have it all back shortly. Don’t go away. I’ve got a week’s worth of pent up frustration and updates to share with you.

Lenders have finally begun pricing the new Jumbo Conforming Loans. So far, Fannie Mae will only be accepting delivery of the 30 year fixed on April 1, with the 5/1 ARM on May 1. Here is a comparison of the a) normal conforming 30 yr fixed, b) the new jumbo conforming 30 yr fixed, and c) the regular jumbo 30 year fixed, all from the same lender?s rate sheet today at 3pm.


a) 5.5% at 1 point / 5.875% at zero points
b) 6.5% at 1 point / 6.875% at zero points
c) 7.5% at 1 point / 8.000% at zero points

Similarly, here are the d) traditional FHA and e) new Jumbo FHA 30 yr fixed rates:


d) 5.750% at 1 point
e) 6.625% at 1 point