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  • The Crackberrys are coming to Real Estate by a Storm! (13)
    • Greg Russell: Jim, We will be supporting the Storm with our eKEY software. Because it does have a different user interface from other BlackBerry devices, it may take a...
  • Two Flaws with the new Good Faith Estimate (8)
    • Bela: I’m sure we can all get used to the new form, but I’m not sure it does anything to address the problem of borrowers taking loans they don’t...
    • ARDELL: For as far back as I can remember, my clients have enjoyed seeing the info on a mock HUD 1 before they make an offer. This way what they see at the end matches...
    • Jeff: I won’t use the current GFE too….I use Calyx Point….I’ll just create a customized doc that with do the same thing as the bottom section...
    • Rhonda Porter: Jeff, I forgot to thank you for pointing out the payment is under “summary of your loan” however, as you mention, it does not break out...
  • Nana needs a booster seat by tomorrow night (14)
    • ARDELL: tj, It’s been so long since I’ve had child safety seats in my life. My sister who lives here is gay, and while she’s a genius at many things,...
    • tj: And to be sure there is no misunderstanding in such an important matter, the tip applies when you attach a seat that has it’s own harness using the...
    • tj: That should be “I’m sure mom already knows”, i.e your daughter.
  • HUD Passes RESPA Reform, New GFE Coming in 2010 (45)
    • JM: The 10% increase only comes into play if you “identify” the service provider. HUD wants to give the consumer control of the process, which is fine. The...
  • Predatory Upfront Loan Modification Fees (207)
    • Tanya: I have been a LO for several years. I didn’t put borrowers in homes they couldn’t afford. I didn’t charge prepayment penalities for my profit....

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Tag: fridays-rates

A Word on Friday Rates

Just a few quick thoughts I want to share with you about the rates that I’m posting here at Rain City Guide on Friday afternoons.  
First of all, the rates shown are really only intended to serve as guide.  They really just point out the direction rates are trending (thanks to The Tim’s addition of the up/down [...]

Friday’s Rates

Conforming 30 year fixed rates are slightly improved from last week (by the time this is posted, rates may have increased); adjustable rate mortgages and non-conforming are unchanged.   This is mainly due to the Producer Price Index Report (PPI) coming in better than expected.  The PPI is an economic indicator that measures wholesale inflation.   A more important economic indicator to [...]