Entries by Rob McCarthy

Market Report and What the Unemployment Numbers are Saying…

Please See this Weeks Market Update that will Discuss the following: Last Weeks Market Review A Look Ahead – What to Expect How Zoom has changed the way we do business! (http://www.mmgweekly.com/w/index.html?SID=86df7dcfd896fcaf2674f757a2463eba) Next and Most Important…please see April’s unemployment numbers that were just released at 10am this morning.  California’s unemployment rose from 2.9 in February […]

Cash Out Refi’s Might Go Away?

 First and Foremost… I just read an interesting report on how lenders may eliminate cash out refinances on conforming and jumbo loans. We have seen the “add” for cash-out refinances get super expensive lately.  It appears the Federal Reserve doesn’t want borrowers pulling equity out of their homes.  They feel home values may go down […]

Market Update and What Should Retired Homeowners Due in a Declining Stock Market…

As for Mortgage Rates and the Stock Market…The dust has not settled.  Analysts say this week or next may be similar to the last few weeks with volatility in the market. For now, only loans of $510k or less are low in rate. Loans above $510k are expensive, “rate wise” when looking at refi options. […]