180187 Resource 178438 178984 178982 1187716830189 1187969600934 Controlled FLAGSTAFF MORTGAGES TUESDAY, AUGUST 21ST

Current Market Condition

Mortgage Bonds, which sometimes benefit from bad news, have improved on rumors that a large British Insurance company was forced to borrow from the Bank of England's discount window, fueling concerns that the credit crunch continues.But today's high powered meeting between Fed Chairman, Ben Bernanke, US Treasury Secretary, Henry Paulson and Senate Banking Chairman, Christopher Dodd may have an impact on the direction of the financial markets as they may discuss the possibility of lifting the current conforming loan limits, presently at $417,000.00.Technically, the Bond appears to have upward momentum and may move higher which could help home loan rates improve so we are advising floating for now.<hr /> 10 application/xml false Flagstaff mortgage market Flagstaff real estate Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland false true false false true 178975 false false true false false false true 180190 Resource 178975 178982 178982 1187719729186 1187719729186 Controlled Realtor Point of View

Ann's take on today's mortage news

If you are one of those who likes to play with the market a bit to get the best deal, and have time before closing, you can decide not to "lock" your interest rate and feel you may get a better rate in a few days. But remember that this is kind of like betting, and you can't remain "unlocked" and expect the loan processor to be able to close on time.Am I off base here Liz? 10 application/xml false Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland false true false false true 180348 Resource 178975 178984 178984 1187825986763 1187825986763 Controlled How many days before you close?

Liz uses a great advisory service to analyze the market conditions.

I watch the bond market daily and advise my clients on locking or not locking.  If you are within 3 weeks of closing locking is advisable.  The worst decision that you can make is to not close on time.  You then are at the mercy of the seller if they wish to extend the close date or not.  10 application/xml false Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 lfontanini false true false false true 178438 blog blogsite/BestFlagstaffHomes/web