Money: House of Cards

Money will deliver us all... and money is just about to get a bit easier to get. It's the one resource that is endlessly abundant. We can't get back lost Time, but we can recover lost money. We must also be careful not to fall into the belief that the Fed Stimulus package is going to save our butts. The picture here pretty much sums it up. Careful how you stack it... and eventually, some of these stacks will fall down. It is time to get your mortgage check up and get your application going. Every bank is getting backed up like a bear preparing to hibernate. The best wholesale rates from all the top lenders and great service to back you up the whole way: Pat Townsley, California Mortgage Consultants Inc. 415-485-1776. http://www.ptre.net/ . Rate, program, solutions, asset allocation resource, wealth building strategist... and Acme "super genius."

Shuttle Atlantis blasts off like the US Mortgage Market

ah CAPE CANAVERAL., ter two months of delay, shuttle Atlantis blasted into orbit Thursday with Europe's $2 billion science lab named Columbus. Billions of dollars in gear floating away into space. Hey, I'm all for the space program, but back down here on Earth, we can use a little help. Be looking for new conforming loan limits and economic stimulus package items to clear the Senate today. This will have a HUGE impact on the Marketing of mortgages (home loans) nationwide. Watch out for false promises. Also, I wouldn't be surprised if RATES RISE due to the stimulus, so, lock in your new loan with Pat Townsley, California Mortgage Consultants' senior Broker. 415-485-1776. http://www.ptre.net/

The market is on Fire, again. This is a rollercoaster of market activity, so I recommend that you get your ducks in row now. Overall, look for Wednesday or Friday to be the biggest days for mortgage rates. Wednesday's GDP and Friday's Employment and ISM reports are the most important pieces of data, but we may see quite a bit of movement in rates tomorrow or Thursday also. If we see weaker than expected results from the most important reports, we should see rates close the week much lower than last Friday's closing levels. If the data shows stronger than expected results, we may see mortgage rates move higher again this week. This is of course, assuming that Wednesday's Fed meeting adjournment doesn't reveal any surprises. Please contact me if you have any financing questions including the Fed's proposed increase in Conforming loan limits. Who do you know who has been considering refinancing? Please get them in touch with me ASAP: Pat Townsley, Mortgage Broker; 415-485-1776 and http://www.ptre.net/