Mortgage Blog

I hope everyone enjoyed the Labor Day weekend. I did.
At least I liked the two parties I had on Saturday
and Sunday with my friends.

Since the summer is over, we will focus more on the mortgage
rates.

First, I have a twitter account with username efloans.
I will have more daily rates updated there.

Second, as we disclussed a few times that we should have
better rates in Oct. Actually we already had some good rates
last week, like 4.5% for 15yr fixed; 4.875% for 30 yr fixed(
all conforming <=417k). In Oct, we will expect high-balance
rates around 5% to 5.125% soon. And also more favorable rates
for those loans with LTV over 80% for Fannie Mae and Freddie Mac
loans.

Third, there are more regulation changes. We will have new GFE form
ready Jan 2010; and more hud reforms and other topics more focused
on mortgage brokers. I will keep you focused in the near future.