http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/ Home loans made easy Fri, 21 Nov 2008 20:10:33 +0000 http://wordpress.org/?v=2.3 http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12529 LendingClarity.com » Blog Archive » American Home Mortgage Falls as Credit Markets Tighten Thu, 02 Aug 2007 02:41:32 +0000 http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12529 [...] Sacramento Mortgage Rate Update: Room for Improvement [...] […] Sacramento Mortgage Rate Update: Room for Improvement […]

]]> http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12504 Marc Brinitzer Sat, 28 Jul 2007 21:40:39 +0000 http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12504 I agree that rates are good now. We've lost perspective after flirting with 40-year lows a while back. As long as they don't climb too much, we'll have a stable platform on which to eventually regain our footing. I agree that rates are good now. We’ve lost perspective after flirting with 40-year lows a while back. As long as they don’t climb too much, we’ll have a stable platform on which to eventually regain our footing.

]]> http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12499 Alec Sat, 28 Jul 2007 16:23:07 +0000 http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12499 I agree Michelle. Credit spreads are widening, so even if the Fed cuts short term rates, long term rates (think 30 yr fixed mortgage) will NOT follow suit. Rates ARE low; people are spoiled by the last few years. I agree Michelle. Credit spreads are widening, so even if the Fed cuts short term rates, long term rates (think 30 yr fixed mortgage) will NOT follow suit. Rates ARE low; people are spoiled by the last few years.

]]> http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12498 michelle Sat, 28 Jul 2007 15:00:51 +0000 http://www.lendingclarity.com/2007/07/27/sacramento-mortgage-rate-update-room-for-improvement/#comment-12498 We can all hope for lower rates, but I am doubtful that we will see them for some time. The costs associated with default servicing and foreclosure will surely keep the overhead high for the banks. a top Mortgage Banker has temporarily stopped lending on their own lines this week and will continue doing business only through their broker programs due to the changes in costs to maintain those lines. The best we can hope for is that rates stay where they are and not go up because of the costs. And let's get real people less that 7% on a 30yr fixed is still cheap money.....we can add some fuel to the fire as well. We have an election coming, depending on who makes office, that could seriously swing the economy in the short term. We can all hope for lower rates, but I am doubtful that we will see them for some time. The costs associated with default servicing and foreclosure will surely keep the overhead high for the banks. a top Mortgage Banker has temporarily stopped lending on their own lines this week and will continue doing business only through their broker programs due to the changes in costs to maintain those lines. The best we can hope for is that rates stay where they are and not go up because of the costs. And let’s get real people less that 7% on a 30yr fixed is still cheap money…..we can add some fuel to the fire as well. We have an election coming, depending on who makes office, that could seriously swing the economy in the short term.

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