December 16th Market Update

Here is your market update. If you know anyone looking to finance a property, please refer them to me. I feed my family from the referrals from you, don't keep me a secret. I hope to be serving you and the ones you love for years to come.

30 year fixed rate
4.875% @ 1 point ( 5.125% APR )

30 year fixed FHA rate:
5.5% @ 1 point ( 6.137% APR )

Jumbo rate:
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.
5.75% @ 1 point (5.849% APR)

Today's News:

KBW sees home prices bottoming by spring 2009

BOSTON (MarketWatch) -- Keefe, Bruyette & Woods on Tuesday forecast price depreciation of roughly 5% on new U.S. homes and losses of between 5% and 10% on existing homes for 2009, but expects prices to bottom by spring. "While we expect the current environment of limited liquidity and continued credit deterioration to persist into 2009, we expect both home prices and asset prices to bottom in 2009," KBW analysts wrote in a report. "We expect credit losses to stabilize once home prices stabilize.

Niche list:


1. FHA Refinance!!! Equity does not matter!!!
2. Conventional
3. Government
4. FHA, VA, PERS, STERS,
5. We have several 100% LTV Government programs!!!
6. Incredible pricing on jumbo's to 2 million
7. Cash out refinancing with one day off the mls
8. Extremely lenient FHA underwriting. Worried about credit
issues? I can help get around them
9. 75% Canadian loans
10. Stated loans to 70%LTV
11. Loan Modifications for those who are trying to save there
home
12. Credit repair; if you need help with your credit I found a
great company that can help!!!!!
13. HELOC's need an equity line? I can help.