Mortgage Blog

This week we seem to have got through the Mercury Title fiasco that created havoc for a couple of days this past week to our already sensitive financial industry. Good news that it looks title companies are now back in good graces with mortgage lenders!!!

This week we saw productivity increase even thought job losses are still relatively high. This is great news for bonds because it shows how important personal production is to our economy even though we have seen some of our largest job losses in years.

The greenback has improved this week and because of that oil is way off its highs from last month. Oil is now at $116 per barrel vs. $147 from last month.

If you have any customers who are wondering if now is a good to lock in, I personally would advise to “Float” for right now but with extreme caution.

Marketing tip for the week: Get your down payment assistance people moving quickly as the clock is ticking – 45 days left until DPA goes away. Call you past first time buyers from April 8^th, 2008 and let them know about the $7500 tax credit. Suggestion is to have them increase their W4 exemptions to get some of that money in their pockets today!!! Call for me details if interested. 303.809.5626