http://www.metchad.com/
Market Insight
Have you metchad?
- DJIA 6,763.29 -299.64 NASDAQ 1,322.85 -54.99 SP500 700.82 -34.27 Market Insight
Have you metchad?
Hopefully just a few more days of the "informal" version of the MI. I am trying to keep them simple and readable. Feedback is appreciated if you would like to see more or less.
Also: I am actively seeking new client relationships as well as new real estate partners. Please don't hesitate to contact me if you have any advice or referrals there. I have the ability to lend in all 50 states...and have room in April for several more qualified purchase or refinance loans. Naturally, purchase loans WILL close on time every time and I do have some room in March for those as well.
For those who continue to send me quality referrals: Thank you!
With today's environment, we are hopefully taking every opportunity to connect with our clients to reassure them that we are doing well and are here to fill any real estate needs they may have. Believe it or not: there are still many people out there who do not know 30 year FIXED mortgages are in the 5% range...or that homes are selling at prices we haven't seen in years! (100% financing IS still available in the form of FHA loans with Municipal down payment assistance,VA loans and RD loans.)
FNMA 4.5% bond traded well today closing out 31 bps ahead on the day. Rate improvement likely in the morning...
Dow: WOW. Off almost 300 points. News that "AIG" is getting another 30 billion to work with did not sit well with investors. We will have to see what happens there. They lost nearly 125 MILLION every day last quarter. It kind of seems like a black hole of some sort...yes. What the latest "investment" signals is either that the feds are serious about saving AIG or we are in a desperate mode and sinking money into things that need to just be jettisoned. AIG was caught with nearly 1/2 TRILLION (440B) dollars in Credit default swaps...which are like insurance against loss. CDS to the investors of all the subprime mortgages are naturally paying OUT in a major way creating much of the HUGE losses they are seeing. (Maybe a little oversimplified...to learn more click here: CDS INFO: http://en.wikipedia.org/wiki/Credit_default_swap
Also: I am actively seeking new client relationships as well as new real estate partners. Please don't hesitate to contact me if you have any advice or referrals there. I have the ability to lend in all 50 states...and have room in April for several more qualified purchase or refinance loans. Naturally, purchase loans WILL close on time every time and I do have some room in March for those as well.
For those who continue to send me quality referrals: Thank you!
With today's environment, we are hopefully taking every opportunity to connect with our clients to reassure them that we are doing well and are here to fill any real estate needs they may have. Believe it or not: there are still many people out there who do not know 30 year FIXED mortgages are in the 5% range...or that homes are selling at prices we haven't seen in years! (100% financing IS still available in the form of FHA loans with Municipal down payment assistance,VA loans and RD loans.)
FNMA 4.5% bond traded well today closing out 31 bps ahead on the day. Rate improvement likely in the morning...
Dow: WOW. Off almost 300 points. News that "AIG" is getting another 30 billion to work with did not sit well with investors. We will have to see what happens there. They lost nearly 125 MILLION every day last quarter. It kind of seems like a black hole of some sort...yes. What the latest "investment" signals is either that the feds are serious about saving AIG or we are in a desperate mode and sinking money into things that need to just be jettisoned. AIG was caught with nearly 1/2 TRILLION (440B) dollars in Credit default swaps...which are like insurance against loss. CDS to the investors of all the subprime mortgages are naturally paying OUT in a major way creating much of the HUGE losses they are seeing. (Maybe a little oversimplified...to learn more click here: CDS INFO: http://en.wikipedia.org/wiki/Credit_default_swap
Personal savings rates are at a high right now of 5%! This coupled with an increase in personal income reported is not doing much to restore buyer confidence. Spring is always such a nice boost to the "mood" of the markets...we will have to watch and see what happens. Remember that the feds are right on track to be DONE investing the scheduled 500 billion into the mortgage backed securities that has been keeping rates low. NOW is the time to encourage clients, friends and family to visit with QUALIFIED realtors, financial advisors and mortgage lenders to make decisions that could change their lives for the better.
Have a great evening,
Chad Schauers
Have you metChad?
MetLife Home Loans
406.522.0922
406.522.0924 (fax)
1924 W. Stevens, Ste. 202
Bozeman, MT 59718
Cell: 406 799 8613
ccschauers@metlifehomeloans.com
