Mortgage Market Update For April 21 2010

With 9 days left to claim the federal home buyer tax credit, I thought this would be a good time to review the mortgage market, jumbo loans, and the state of home appraisals.

This 2-minute video covers a lot of ground:

• How volcanoes and threats of a Greece debt default are helping mortgage rates
• Peak levels for Mortgage Rate Velocity (MRV)
• How jumbo mortgage rates are "made" and why jumbos are so cheap right now
• The return of the home appraisal

If you've got mortgage-related questions I didn't answer above, email them to me directly at . I'm happy to talk mortgage with you anytime.

Tuesday, I asked my Twitter friends what mortgage questions they'd like to have answered.  I picked 3 replies and pushed it to video.

1. What are mortgage rates going to do once the Federal Reserve stops supporting the mortgage market?
2. With good credit, income and equity, how do I get a stated income home loan?
3. Are jumbo mortgages coming back to the market?

The video is a quick 2 minutes.  Send your follow up questions anytime.

Earlier, I asked my Twitter followers what mortgage questions they'd like to have answered.  I picked 3 of their replies and pushed it to video.

1. What are mortgage rates going to do?
2. What is the story about the new FHA Streamline Refi guidelines?
3. Will the First-Time Home Buyer Tax Credit get extended?

The video is a quick 2 minutes.  Send your follow up questions anytime.

This 90-second video discusses gives some rate-locking strategies in advance of this Friday's jobs report. With the housing market mending and Wall Street cutting the week short because of Labor Day, national employment statistics are the new economic bellweather.

The August jobs report is due Friday, September 4. In advance of the data, register and lock a mortgage rate for purchase or refinance by calling or .

This 1-minute video discusses today's mortgage rates, "pattern" trading, and why today may be a good day to get locked in.  If you've been reading this site for weeks in search of rate lock clues, this video spells it out for you.

To get locked, call me or . We'll get you protected before rates start changing.