Matt's Mortgage Blog - Latest Comments

Re: Government Hurts First Time Buyers

Matt Steinmetz — Fri, 13 Jan 2012 15:32:23 -0000

This is affecting bond 1st mortgage liens and not 2nds like down payment assistance. The issue is that there is a new few (g0fee) and the bond programs need to figure out how to handle that a.k.a. pass it on to the buyer, or what?

Re: FHA Update

Matt Steinmetz — Mon, 14 Jun 2010 18:09:03 -0000

This still needs to pass through the Senate before it is a done deal.

Re: Envoy’s Open House

Matt Steinmetz — Sun, 23 May 2010 18:24:27 -0000

Thank you to those of you who came by, the open house was fun.

Re: Fed Getting out of the Market

Matt Steinmetz — Thu, 25 Mar 2010 14:54:49 -0000

Only 6 days left for the Fed purchase program. Rates already on the rise.

Re: Envoy Mortgage opens up in Socal!

Leigh Svacina — Fri, 19 Mar 2010 19:09:16 -0000

Congratulations on growth success

Leigh

Re: Fed Getting out of the Market

Matt Steinmetz — Mon, 11 Jan 2010 16:57:19 -0000

Within a few days of my post above, whispers started hitting the news lines and now even more chatter is available, that the FED is meeting later this month to discuss, among many things, the option of extending the MBS purchase program to keep rates lower longer. As with anything else, DO NOT consider this a truth until it has been done. With that said, it would be good news for rates and you.

Re: Fed Getting out of the Market

Matt — Mon, 04 Jan 2010 21:09:04 -0000

Hello All! I was asked "what does that mean for lenders and real estate?" So I thought I'd add this here:

Higher rates usually means lower sales prices due to purchasing power going down. What I mean is, as rates go up people can afford less. With less purchasing power you have other issues, such as appraisers trying to give value to a house in a market with a downward trend. Value will continue to be an issue.
For lenders, refinance business will decrease as people hope for rates to go down.

Re: Register and be entered to win!

Jason — Wed, 19 Aug 2009 18:16:52 -0000

I'd love $100 off my next closing cost!