Where are Mortgage Rates Heading?

Where are Mortgage Rates Headed Tomorrow and every day after that?

Mortgage Rate Shoppers are always asking what are rates? Where are they headed? By following this link http://www.rate-mastery.com/LoOptin.aspx?id=Chris_Reese_9165021656 you can sign up to receive weekly or even daily updates on exactly that. As a Certified Mortgage Planner I use lock planning strategies and analyze the mortgage backed securities market along w/various economic factors to help clients decide if now is the time to lock in their rate. I really like to explain to my clients “the Why” and “the When” and providing this type of information and analysis is a given for my clients. Even if you’re not one of my clients you still have access to this information. Just sign up at the link above. If you need a more detailed analysis and explanation you can always call in to 916-502-1656 or inquire online here http://www.sacramentohomeloanspecialist.com/home.html

Contact Chris Reese for all your Mortgage and Real Estate Needs. Whether its just time to simply take advantage of the free mortgage review & rate quote, get a fast and free mortgage pre-approval to purchase a home, Analyze and determine the best deal between multiple Real Estate Investment opportunities, or just need a property value analysis to determine your home’s worth you’re in the right place. Call Chris Reese the California Mortgage Hero & Certified Mortgage Planner at 916-502-1656 make an online inquiry at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Where are Mortgage Rates Heading?

Money Can"t Buy You Happiness.....Inspirational Quote

David Lee Roth is right! Money cannot buy you happiness. Love, Family, Friends, Experiences….These are the things that truly make us happy. We often find ourselves being forced to choose between happiness and financial gain or improvement. It doesn’t have to be that way though. Let Chris Reese CMPS®, The California Mortgage Hero focus on putting you in a better financial position through Mortgage Planning so you can focus on happiness…your loved ones…and making memories. Call today for your free mortgage review consultation or free property value analysis at 916-502-1656. You can also inquire on line at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Money Can"t Buy You Happiness.....Inspirational Quote

Mortgage Rates Hit New 2014 Lows

Mortgage Rates seem to hit new lows about every other day now. Well its actually true. Check out the latest article from RIS Media released on 10/20/14.

The author discusses the average rates and points on loans from Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). Here’s the link again to the RIS Media Article http://rismedia.com/2014-10-20/mortgage-rates-hit-new-2014-lows/. If you have a rate of 4.5% or more, a refinance may very well save you a lot of money. Even if your rate is lower than 4.5% it makes sense to inquire. We recently blogged about a recent article regarding Ben Bernanke being turned down for a loan. That article, http://www.theguardian.com/money/us-money-blog/2014/oct/06/if-ben-bernanke-cant-refinance-his-mortgage-what-hope-for-the-rest-of-us, from the Guardian  talks about how Mr. Bernanke was attempting to lower his rate by less than a 1/4 point. He definitely understands the market, interest rates, and saving money & wanted to refinance but was turned down because his loan amount was outside guidelines. You may very well be able to do something that will put you and your family in a better financial position. You owe it to yourself and your loved ones so pick up the phone and call Chris Reese, Certified Mortgage Planning Specialist® in Roseville, California today for your Free Mortgage Review. These rates will not last! You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Mortgage Rates Hit New 2014 Lows

How You Can Pay Off Your 30 Year Fixed Mortgage Early - Mortgage Tip

As a Certified Mortgage Planning Specialist I get asked this question all the time. “How can I pay off my 30 year fixed mortgage early?” Well there is a very easy and inexpensive way to do this!

The way to make this happen is to apply additional payments toward your principal balance each year. If you can make one add’l payment per year you will shave approximately 7 years off the life of your 30 year fixed rate mortgage and save a ton of interest as well. Easier sand than done right? Well here’s a way to make this a little less painful to your wallet. Take your monthly payment and divide it by 12. Whatever that result is, make sure you send in an add’l payment for that amount each and every month. If you make your payments with checks, you might even want to send 2 separate checks and write in the memo line, “Principal Payment Only” which will ensure that your mortgage servicer applies all of the add’l payments directly toward your principal balance.

Another way to accomplish this same exact thing is to make a payment every 2 weeks instead of once a month. Take your monthly payment and divide it by 2. Then when you pay it every 2 weeks, you’ll end up making 26, 1/2 payments throughout the year. This is the equivalent of 13 full payments, or 1 extra payment a year. Some lenders will actually fund the loan this way for you or you can request that they set up your servicing after the fact. Or you can just take the initiative and do it yourself.

Regardless of which route you choose, you can set these payments up to go out automatically. In many cases, you can even set it up w/your bank that a particular amount of your direct deposit automatically filters to a 2nd account which is set up for auto-pay to your mortgage servicer. This way its on automatic pilot and you don’t ever have to think about it. You know that because the 2nd account only is used to make the mortgage payment and it is automatically fed the necessary portion of your paychecks that your mortgage payments will always be made on time and most importantly, your 30 year fixed rate mortgage will be paid off about 7 years quicker. Now that makes some real financial sense. You can see a video on this very subject by clicking this link http://californiamortgagehero.com/?s=how+to+pay+off

You know what else makes financial sense? Working with a Certified Mortgage Planning Specialist and doing an annual mortgage review to ensure that you are in the best financial position possible. Even if you’re in the process of doing a refinance right now, it makes sense to call a Certified Mortgage Planner to take a 2nd look. Call Chris Reese, Certified Mortgage Planning Specialist today for your fast and free mortgage review, rate quote, and property value analysis at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

How You Can Pay Off Your 30 Year Fixed Mortgage Early - Mortgage Tip

The Sky is Falling? No Just Rates :)

Rates Dropped Massively overnight!

Watch this video to see just how much!

The mortgage market is hopping with volatility but rates dropped massively this morning. 30 year mortgage rates are very attractive. You owe it to yourself to see just how much you can save each month. Call me today for your Free Mortgage Review & Mortgage Rate Quote at 916-502-1656. You can also apply on line at http://www.sacramentohomeloanspecialist.com/applyNow.html

The Sky is Falling? No Just Rates :)

Opportunity is Missed by most People Because.... - Inspirational Quote

There is not a single successful person in this world that didn’t work very hard to get where they are. Sure there are those that everyone points to that are the exception. People that are born into wealth. They seem to be very successful. The truth is that those born into wealth that don’t work hard don’t feel or look very successful. They have a shallow existence and are very unhappy. This is one of the reasons why they say, “money can’t buy happiness”.

The other side of that coin is best said by David Lee Roth, “Money can’t buy you happiness, but it can buy you a yacht big enough to pull up right alongside it.” Funny yes. True? Yes! But what it doesn’t say is how hard somebody had to work to do so. As much as rock stars party and participate in debauchery, they still have to work very hard. They practice endlessly, have endlessly long tours on the road, strained personal relationships, money problems like you wouldn’t believe, & they’re always under a microscope. The price of fame is astronomical and is very hard work…at least for those that last!

So Make it Happen! Strap on your overalls, pull up your boots, and work very very hard for what you want. Learn the Rock Star’s lesson though. Have a good balance in life or you will not have longevity with your success. Speaking of working hard. Nobody works harder for you than Chris Reese, the California Mortgage Hero and Certified Mortgage Planner in Roseville, California. Pick up the phone and call me today at 916-502-1656 for your free mortgage review, home purchase pre-approval, or even a property value analysis. Let the experts work hard for you to ensure that you’re in the best possible financial position regarding your mortgage and your home so that you can work hard achieving your goals and maintaining balance in your life. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

 

 

Opportunity is Missed by most People Because.... - Inspirational Quote

Adorable Kids Sell a 4 Bed 2 Bath Family Home in Citrus Heights - Best Value in the Area

In the market for a 4 bed 2 bath family home in Citrus Heights? Check out this best price home in Citrus Heights. We decided to let the experts on this home tell you about some of the great features that make this such a steal! The best part, it’s from their point of view and you’ll find that as adults we take a lot of cool stuff for granted! Watch this video & see for yourself.

You can also see more information on the property website at http://6218stonehandave.bestpricedhouse.com The home is priced to sell and you won’t find a better bargain for a home in this area in this condition. It has newer wood laminate flooring throughout, a large pantry, newer oven range, a professionally built island/bar seating in the kitchen which is wired for electrical, baseboards and crown molding throughout, Ceiling fans throughout, 4 full bedrooms and 2 full bathrooms, an extra wide driveway and drive through gate into back yard, breezeway with Pergola, & a large back yard. You won’t find a better deal on a home in the area and as I mentioned above, its priced to sell! You can call for more information 916-502-1656 or you can visit the property website above. Please submit offers to CReeseHL@Gmail.com or fax them to 888-648-5686.

Would you like to be pre-approved to buy this home? Don’t hesitate to contact me at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/applyNow.html

If you would like to know what your home would sell for in this market don’t hesitate to pick up the phone and call 916-502-1656. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html We’ll provide you with a free report called a detailed home value analysis so you know exactly what your home is worth.

I hope you’ve enjoyed this video and that its given you some ideas on what you’ll do once you buy it. I’m personally a huge fan of the sliding floors and wrestling area but that’s just me. If you have rambunctious boys, this home is for you! Have a wonderful day and I look forward to hearing from you.

Adorable Kids Sell a 4 Bed 2 Bath Family Home in Citrus Heights - Best Value in the Area

30 Year Mortgage Rates Dip Again but Ben Bernanke Cannot Refinance?

Wow! I have to say it again, Wow! 30 year mortgage rates dip again but Ben Bernanke cannot refinance his own house according to the Guardian.

 

Seriously? Declined?

Relax, its not as bad as you think. According to the article, Bernanke is trying to refinance from a rate of 4.25% down to 4.19% but his mortgage is above the conforming loan limit of $625,000 in his neck of the woods. It also goes on to talk about how he commands $250,000 per speaking engagement. The first thing I see wrong with this is that you shouldn’t be refinancing from 4.25 down to only 4.19. There’s not enough benefit to you as a borrower unless the 4.25 was taken out so long ago that by doing a new 30 year fixed you reduce the payments significantly by stretching out the re-payment terms back to 30 years.

The next issue I have is that he wouldn’t be trying to get a 4.19% rate. That isn’t offered. Rates are typically offered in 1/8 point increments. Sometimes lenders will provide a rate slightly under a double zero defying that rule. For example: instead of 4%, they offer 3.99%. It’s like paying $3.99 at the pump instead of $4.00.  In addition to that, 4.19% is the average rate on a 30 year fixed mortgage currently. It’s not a target rate you would shoot for.

The last thing that I take issue with is the fact that they’re selling this lke a hardship. Bernanke is probably not in any financial trouble whatsoever so if he can’t refinance his mortgage, well that’s not ideal but not the end of the world. He was simply trying to save money. I doubt that the savings from a refinance would significantly affect his way of life.

The takeaway from the article that I get from reading between the lines is that even though a wealthy, powerful public figure doesn’t need a mortgage at all, he’s wise enough to see that a mortgage makes sense. You get the tax benefit and you don’t have the opportunity cost. If you don’t use a mortgage instrument, much of your wealth is tied up in your home and you don’t have access to it. You can’t make money on it through other financial instruments like mutual funds and IRA’s or fund some other business venture–Some alternative place to put that same money where it works for you. In Bernanke’s case, $625,000 of liquid cash that he could presumably use for some alternative venture. My opinion of course but don’t take my word for it. Read the article from the Guardian yourself at this link Ben Bernanke ran the Federal Reserve and can’t get a new mortgage. Can you?

Are you having trouble refinancing your mortgage or qualifying for a new mortgage to purchase a home? Don’g struggle any further. Let the California Mortgage Hero and Certified Mortgage Planner put his expertise to work for you. Call Chris Reese for your free mortgage review, mortgage pre-approval, or property value analysis at 916-502-1656 or inquire online at http://www.sacramentohomeloanspecialist.com/applyNow.html

 

30 Year Mortgage Rates Dip Again but Ben Bernanke Cannot Refinance?

Our Aspirations are our Possibilities - Inspirational Quote

I think we all sometimes forget that we can achieve our aspirations not just dream about them. If you want to become something great or do something great you must take action. That is how an aspiration becomes an achievement.

Speaking of taking action, if you own a home and would like to save some money on your payments so that you can take action towards your dreams and aspirations don’t hesitate to pick up the phone and give me a call. Even if you’re already in process of doing a refinance I may very well be able to do better. Call Chris Reese, the California Mortgage Hero at 916-502-1656 for your fast and free mortgage review, mortgage rate quote, or property value analysis. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html Let me help put you in a better financial position. Have a wonderful day!

 

Our Aspirations are our Possibilities - Inspirational Quote

What Happened With Mortgage Rates This Week? Insider"s Report!

What’s the rate on a 30 year fixed these days? We all here that question in the industry quite often. But right now the mortgage backed securities market and in turn the mortgage rate market has been pretty volatile.

Every time we see a slight improvement in rates people are shouting from the skies that rates have improved again. Without the broader picture and some context however, this type of spouting off misleads the public into thinking rates are much lower than they actually are. For instance, we’ve seen rates decrease in cost by about 25 basis points only to give that back the following day and then some. This happens all the time and has been happening quite a bit lately.

Here’s the twist though. People only shout from the rooftops when rates improve. They ignore when they get worse.  When this happens a couple of times a week up and down and the talking heads and mortgage marketers tell you about rates improving several times a week at about 25 basis points or .25% in cost.  The public assumes that those improvements are cumulative.  You might think rates are a full point lower than where they were just a couple of weeks ago based on this type of misinformation. Read the full weekly rate insider for yourself.

The truth of the matter is that rates are higher than they were a week or so ago. You have much more to risk than to gain by not locking in a great rate today. I tell my clients not to be greedy. The bond market was at the top of the trading range today and I advised my clients to act accordingly. Some individuals have a much greater risk threshold and they like the idea of gambling for another 10, 15, 20 basis point improvement which is literally only $100, $150, or $200 per $100,000 loan amount in spite of risking loosing that same amount and much more. My philosophy is that this is your mortgage and your life. This isn’t simply risking your winnings on the craps table after you started w/just $50. This is not something to be taken lightly. If it were my personal loan and I were given the choice in this market I would go ahead and lock in and sleep easy. The choice is your, I just want you to be fully informed so that you can make a great decision. If you’re not getting this type of advice from your loan officer don’t hesitate to give me a call at 916-502-1656 and I’ll help you plan your locking strategy, provide a free Mortgage Review, mortgage rate quote, or pre-approval to purchase a home. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

What Happened With Mortgage Rates This Week? Insider"s Report!

Don"t Sweat the Small Stuff - Inspirational Quote

Life is way too short to concern yourself with trivial matters.

When I’m faced with the minutia that we all get bogged down with I ask myself, “Would I rather be right, or would I rather be happy?” Being the guy with all the answers all of the time can make you really feel like you always have to get to the bottom of the matter and have the true and correct answer, to be right. But most matters in life are simply “small stuff” and really don’t matter one way or another. But because we wear that hat in our professional lives it’s really tough to turn it off. But if you can master the art of “not sweating the small stuff”, you will truly be much happier! Speaking of being happy, contact the California Mortgage Hero today for a free mortgage review. Let’s make sure you’re in the best financial position possible so that you can relax and focus on things in your life that matter the most. You can call me at 916-502-1656 or you can inquire online at http://www.sacramentohomeloanspecialist.com/forms/refinanceAdvisor.html

 

Don"t Sweat the Small Stuff - Inspirational Quote

OMG! 30 Year Mortgage Rates 8-15-14 - WOW!

OMG! Take a look at 30 year mortgage rates today.

30 Year Mortgage Rates Get a Nice Bump Today!

If you have a loan in process and its not locked, you might want to lock that in today.  30 year mortgage rates are truly at their lowest levels of the year. The 3.5% Coupon Bond is trading at 102.91 at the time of this post which is about an 80 basis point improvement from just a couple of days ago. That means that cost of  30 year mortgage rates were almost a full 1% higher than today. If your loan officer structured your loan w/some rebate in lieu of cost, you’d see roughly an add’l .8% in rebate or credit toward your closing costs. This is roughly a change of $800 for every $100,000 in loan amount. There is definitely going to be some tough resistance for rates to improve much more than this and it can be a bit scary floating in this situation because the resistance level being this tough lends itself to a big bounce back and we might be risking much more than we have to gain by floating. So borrowers, call your loan officer and get your loan locked in. Realtors, make sure your clients are doing this. Call your loan officer partners and make sure that they your clients are protected. For a free rate quote, mortgage review, or property value analysis contact Chris Reese, 916-502-1656, http://www.SacramentoHomeSpecialist.com

OMG! 30 Year Mortgage Rates 8-15-14 - WOW!

He Who Has Health..... - Inspirational Quote

Inspirational Quote from the California Mortgage Hero

Contact the Chris Reese Mortgage Team at 916-502-1656 for a free mortgage rate quote or mortgage review. You can also request information at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert

 

He Who Has Health..... - Inspirational Quote

What"s Up With 30 Year Mortgage Rates today? - Daily Rate Insider

Chris Reese, California Mortgage Hero & Certified Mortgage Planner shares today’s Daily Rate Insider.

How Rates Move:

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up. Tracking these securities real-time is critical. For more information about the rate market, contact me directly. I’m among few mortgage professionals who have access to live trading screens during market hours.

Rates Currently Trending: Neutral

Yesterday’s MBS market was worse by -22bps. According to Sigma Research there was moderate volatility. The movement may have resulted in worse rates for the consumer.

Today’s Rate Forecast: Neutral

The MBS market and mortgage pricing is likely to be fairly neutral. Sigma Research says there’s not a lot of economic data to push the market today or this week. Once again the US and global markets are completely focused on what is happening (and may happen) in the Ukraine and mid-east. It appears that Israel and Hamas are inching closer to a deal, but that can turn on a dime which would be a market moving event. Overall, the markets are based on emotions right now as tensions swing back and forth in Ukraine, Iraq and Israel-making market forecasting a difficult process.

Today’s Potential Rate Volatility: Average

According to Sigma Research the risk for volatility is average today. Because international affairs are hard to predict-high volatility is always a risk. As stated above, if something happens in the Ukraine or mid-east that is not worked into the market today we could see major volatility. We’ll be keeping a close eye on the markets.

Bottom Line:

If you are looking for the risks and benefits of locking your interest rate in today or floating your loan rate, contact Chris Reese today at 916-502-1656 or visit http://www.SacramentoHomeLoanSpecialist.com

What"s Up With 30 Year Mortgage Rates today? - Daily Rate Insider

It"s Never Too Late - Inspirational Quote

Inspirational Quotes from The California Mortgage HeroIt’s never too late to make it happen! For a free mortgage review contact Chris Reese at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

It"s Never Too Late - Inspirational Quote

Mortgage Loan Pre-Approval: Required Documents

The documentation required for a Mortgage Loan Pre-approval can vary greatly depending on the type of financing you’re applying for (List for you below).

Government loans often require more documentation than conventional mortgages do. Borrowers that are self employed or own multiple businesses and investment properties will have to provide more documentation. When working with a competent mortgage planner we’ll let you know which documents we need based on your application and the type of property that the loan is for. But if you’re as thorough as I am, you’ll want to have those documents ready with the application because it makes things go so much quicker.  So I’ve prepared this list for you so that you can get an idea of what is required.  Your situation may not require everything on the list but at least you have a good idea of what may be asked for.

1. 
   

   2 years Fed Tax Returns incl. all schedules, w2’s, 1099’s & business returns & K-1’s if applicable (3 years for VA Loans or in some cases if Down Payment Assistance is needed)

   
   


2. 
   

   30 days most recent, consecutive pay stubs w/YTD earnings

   
   


3. 
   

   2 months most recent Assets all pages even if blank

   
   


4. 
   

   Copies of Most recent Mtg Statements for all loans on financed properties

   
   


5. 
   

   Hazard insurance declaration pages on all Real Estate owned

   
   


6. 
   

   Copy of CADL & SS Card

   
   

To apply for a mortgage loan, get a free mortgage review, or a free property value analysis call 916-502-1656. Have a Super Day!

Mortgage Loan Pre-Approval: Required Documents

Chris Reese Shows Super Fast Way to Clean a Blender - Weekly Tip

Chris Reese, The California Mortgage Hero, shows you a super fast and easy way to clean your blender. Do you consume endless amounts of protein shakes, make smoothies, or enjoy daiquiris & margaritas? If the answer to that question is yes, then I bet you also have grown to hate cleaning your blender.  Watch this quick video to see how to quickly and easily clean your blender and have it ready for use in just minutes. Leave a comment below and let me know what you think of my weekly tip. If you have a really cool tip that you would like me to share for you, please let me know.  I love sharing great information!  If you have questions regarding mortgage or real estate don’t hesitate to give me a call at 916-502-1656 or visit me at my website http://www.SacramentoHomeLoanSpecialist.com. There you can securely apply online, get access to a plethora of free reports, or take advantage of my free calculators and refinance and purchase wizards.  Have a wonderful day every day!

Chris Reese Shows Super Fast Way to Clean a Blender - Weekly Tip

Benefits of a 30 Year Fixed Mortgage - Mortgage Tips

The 30 year fixed mortgage offers some great benefits and security to homeowners and home buyers alike. Watch this video to find out if a 30 year fixed mortgage would be right for you. If you have add’l questions regarding mortgage loans of any time or real estate, don’t hesitate to call me at 916-502-1656. You can also connect with me right here on my blog at http://www.CaliforniaMortgageHero.com. To complete a secure, online mortgage application, request free reports regarding mortgage and real estate, or go through my purchase or refinance wizard just visit http://www.SacramentoHomeLoanSpecialist.com.

Have a wonderful day!

Benefits of a 30 Year Fixed Mortgage - Mortgage Tips

Bread Crusts Help Fight Cancer, California Mortgage Hero Weekly Tip

Chris Reese, The California Mortgage Hero shares the importance of bread crust in your diet. He also discusses a secret “ninja tip” on how to get your children to eat their bread crust.  If you would like more information on this video or other tips for healthy living don’t hesitate to comment or contact me. If you would like more information regarding real estate, mortgage loans, mortgage planning or Real Estate Investment Strategies pick up the phone and give me a call at 916-502-1656. You can also find a variety of free reports at my website http://www.sacramentohomeloanspecialist.com/freeReports/Featured/

Bread Crusts Help Fight Cancer, California Mortgage Hero Weekly Tip