Recent Posts

Happy New Year and a mortgage update.

by on January 5th, 2015 Leave a Comment

I trust everyone had a good Holiday Season. I know that the Demand for homes in the Tampa Bay Area did not slow down In fact, personally it was busier.  Mortgage rates dropped a little lower. That being the case, here in Florida the pace is picking up on the 2nd Home or Vacation Home […]

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Weekly Mortgage Update from John Gonos

by on December 22nd, 2014 Leave a Comment

Stocks Rally After Fed Meeting Average 30-year fixed rate Week of 12/19 +0.05% Week of 12/12 -0.12 —————————- Stocks (Weekly) Dow: 17,375 +500 NASDAQ: 4,280 +100 Following last Wednesday’s release of the FOMC statement and Fed Chair Yellen’s press conference, there was a big rally in the stock market. The reaction in bond markets was […]

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Weekly Mortgage Update From John Gonos

by on December 15th, 2014 Leave a Comment

Policy Change in China Average 30-year fixed rate Week of 12/12 -0.12% Week of 12/05 +0.10% —————————- Stocks (Weekly) Dow: 16,875 -400 NASDAQ: 4,180 -100 The primary influence on mortgage rates last week was a reduction in the outlook for global economic growth, mainly due to a policy change in China. However, strong than expected […]

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