Greetings House Hunters!   Below is an update of the real mortgage market action* through the close of Friday, November 13th's trading session, so you're "in the know" about rate trends.    Locking is still recommended at full loan approval to avoid any guideline changes and avoid market volatility.  Volatility has returned as the Fed and Treasury wind down their MBS buying programs by Q1 of 2010.     We expect rates to rise gradually over the coming weeks and months, as the Fed is slowing their buying of Mortgage Backed Securities through March 2010.  They still have about $250 Billion allocated to spend.   *Trend Summary* SEE CHART BELOW..... Near-term:  Sideways - locking is advised to protect from lender guideline changes.  You don't want to blow your closing by an unwanted surprise! Long-term:  Subject to rates rising due to recent Policy Announcements. Who can be 100% sure? Don't wait! If rates drop enough later to make sense, we'll refinance you FREE - GUARANTEED.    Rate Change Summary since last week: Conforming (<=$417,000 loans) = Improved "Temporary Jumbos" ($417,100 to each county's federally mandated limit, up to $729,750 as of May 1, 2009) = Improved True Jumbo (above $417,000 or each county's federally mandated limit) = ARM & FIXED rates Held Steady - CALL OR EMAIL ME FOR DETAILS IF YOU OR SOMEONE YOU KNOW NEEDS $750K TO $4MM True Jumbo money -- WE HAVE IT, EXCLUSIVELY, FOR 5% to 6%!!  Elsewhere, Fixed rates are still higher than normal by 1.5% to 2.0% (this will likely continue through Q4 2009).  Key Economic Reports Up Next:         Mon, Nov 16 - October's Retail Sales reports (key market data!)                  Tue, Nov 17 - October's PPI data (key inflation data!)           Wed, Nov 18 - October's CPI data (key inflation data!)         Remember, due to ongoing credit market liquidity issues...Volatility continues - Keep your seatbelts fastened!  To be sure we catch the best rate lock opportunity for your new home loan, call and email me right away when your offer is accepted to discuss locking strategies!  Do not wait - guidelines change as well as rates!     *The chart below references the prices of Mortgage Backed Securities ("MBS"), which drive mortgage rates directly, and trade live just like stocks.  The prices move opposite of rates (or "yield").  The 'peaks' you see in the chart represent low rate points over the last 6 months, while the 'valleys' represent higher rate periods.  When the Candlestick shown is green, rates are improving.  When the Candlestick is red, rates are worsening.  While we are always updated on any new lender pricing specials, the market's current general overall (macro) trend in price is illustrated on the chart by a straight blue line (when available), and provides an idea of the near-term (within 30 days) trend for rates.     I encourage you to call me with ANY questions about this chart, about loan strategies, or the latest plans you have for your search of new homes!    If you need a referral to a great Realtor, we work with standout agents in several areas of CA -- call us first!   Timely communication is a key part of our teamwork together, and helps you gain an edge in getting into your new home on time, in a low-stress manner, and for getting the best possible terms on your new loan!   Remember!  For daily market updates, check the page in the following link each day after 10am PT: http://www.rgeary.com/DailyRateLockAdvisory

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© 2012 W.J. Bradley Mortgage Capital, LLC 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Colorado Supervised Lender License #991424; Florida Mortgage Lender Servicer license #MLD738; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500, Centennial, CO 80111; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker – License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-NMLC; Utah Consumer Credit Notification; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.