Orlando Mortgage Blog

I've touched numerous times on what I believe will happen in the next few months when the Fed's stop buying Mortgage Backed Securities (MBS's)...I believe rates can easily be a full percent higher in a very short period of time. All you fence sitters are running a serious chance of losing a remarkable opportunity if you wait too long. It's time to stop being greedy now, do some serious thinking of your mortgage position and jump on board before it's too late.

"I see interest rate movement in your future", said the fortune teller. You don't need a lot of forsight to make that call...

The market will almost always pre-judge coming events and pricing reacts as much if not more to the anticipation in the market of some future event(s) than what's happening today. The attached article should be of interest to anyone thinking of mortgage financing in coming months. Read on...

Washington wanted Fannie and Freddie to find new and different ways to open up home ownership for those that were not getting a piece of the homeownership pie in the early 2000's, ended up taking control of them both and now mandates them to find ways to save many of those same buyers from foreclosure through refinancing and modifications. Is it a success? It might be if those same folks were able to qualify today...but apparently many don't, if they ever did.

Will the Feds FOMC make a change in rate policy to a tightening stance? Will their language leave the door open for a future direction change? What they are saying out there...Read more