Interest Rate Update – January 3, 2011
January 3, 2011 by Jeff Thomas · Leave a Comment
If closing is in: 5-7 days: LOCK 7-15 days: FLOAT, BUT BE CAUTIOUS; NOT LIKELY RATES WILL DECLINE MUCH WITH BULLISH ECONOMIC OUTLOOK 15-30 days: FLOAT 30+ days: FLOAT WITH CAUTION <><><><><><><><><><><><><> Last Friday in thin trading the bond and mortgage markets had a nice end of the year with good price gains (lower interest [...]
Interest Rate Info – December 30 2010
December 30, 2010 by Jeff Thomas · Leave a Comment
Movements in the economy, good or bad, up or down, move interest rates up and down through out each trading day. Jobless claims is one of the reports that moves interest rates up or down. Today’s jobless claims number came in significantly lower than expected. Jobless claims came in at 388,000 lower than the expected [...]
Interest Rate Info – December 29, 2010
December 29, 2010 by Jeff Thomas · Leave a Comment
Fairfax, Virginia: There was no driving news overnight and there is no economic data today; the only thing of importance is the last of the three auctions today, the $29 billion auction of 7 year notes at 1:00 PM. The markets were slammed hard yesterday when the results of the 5 year auction were released. [...]
Bonds Started Lower Again Today
December 13, 2010 by Jeff Thomas · Leave a Comment
The 10 yr note overnight it 3.39% +7 basis points from Friday’s close, a little improvement by 9:00, at 3.36%. Mortgage prices at 9:00 down 6/32 (.18 basis points) from Friday’s close. Looks more and more likely that the 10 yr may eventually drive to 3.50%. The exit from fixed income investments at those low yields is not over [...]
First-time homebuyer tax credit extended
July 14, 2010 by Jeff Thomas · Leave a Comment
The Homebuyer Assistance and Improvement Act of 2010 extends the closing date requirement for the first-time homebuyer tax credit from June 30, 2010, to September 30, 2010. This gives qualifying individuals who, prior to May 1, 2010, entered into a binding written contract to purchase a home, an additional three months to close on the [...]
Age Old Debate: Payoff Your Mortgage or Invest?
March 23, 2010 by Jeff Thomas · Leave a Comment
Why Payoff Your Mortgage Fairfax, Virginia: Homeowners have been arguing this point since the invention of mortgages many years ago. Should a homeowner payoff their mortgage faster in order to save interest? Or should the homeowner invest that money into 401-K and other retirement vehicles to accumulate more money for retirement? The true answer lies [...]
Taxes Are Your Biggest Expense!
March 19, 2010 by Jeff Thomas · Leave a Comment
Fairfax, Virginia: Do you realize that your biggest expense every month is TAXES? If you don’t believe me, just look at your paycheck and see how much you earned versus how much you are actually bringing home! As you strive to save more money, eliminate debt, and build a successful financial future, minimizing your tax [...]
Life After Bankruptcy
March 14, 2010 by Jeff Thomas · Leave a Comment
Fairfax, Virginia – Bankruptcy is an uncomfortable subject for a variety of reasons. I have been talking with clients since the economy and housing crisis began over two years ago about bankruptcy. But because I am in the mortgage business and filing for bankruptcy affects one’s ability to get a mortgage I get tons of [...]
Write-offs to Remember
February 12, 2010 by Jeff Thomas · Leave a Comment
Deductions in the Loan Process For Homeowners in Fairfax, Virginia Write-offs are the government’s way of rewarding taxpayers when they’ve done something the government likes. And to judge by the write-offs, the government likes it when people borrow money to buy a house. There are write-offs aplenty, many of which people often forget. Fairfax, Virginia [...]
Tribute To Dr. Martin Luther King
January 16, 2010 by Jeff Thomas · Leave a Comment
Fairfax, Virginia From Dr. Martin Luther King Jr. In honor of Dr. Martin Luther King, I decided to dedicate this post to the incredible speech he gave on August 28, 1963. The speech gives you the opportunity to see compassion, enthusiasm, and the opportunity to inspire others into action, just as Dr. King did during [...]
