CHASE PAYS YOU 1%…Do they really?

This may be a bit long but if you are even thinking about looking into Chase for a mortgage and letting them pay you 1% a year, the 14 minutes watching this video will be time well spent.  Great radio and tv ads, but let me pull the curtain back for you and expose the worst gouging I have uncovered yet. As always I encourage your comments, and if you want to email me directly:

tyson@american-california.com

Update 8-24

After a long vacation, it looks like the market is up to its old tricks.  Big Ben is speaking this week and the Bonds are profit taking and the stocks are swinging from highs to lows each day. Email me with any questions you might have about rates in today’s environment:

tyson@american-california.com

What a Week…Let’s Review 8-5

Massive run up in mortgage back securities (MBS) this week leads us to touch on the lowest rates ever recorded.  Jobs report came out today and the unemployment numbers as well. The government is doing everything it can to distance itself from the nightmare of the debt ceiling issue that started a huge sell off in stocks  over a week ago.  Watch the video to get all the goods.

My Position is floating into next weeks reports….

Quicken Loans Rate Drop Advantage…REALLY???

Follow me and let me point out the old Quicken Loans  scam of making nothing seem like something special…. Watch the video below…

Bank of America – I love Bank Fees???

Follow me through Bank of America’s rate finder to see how much more you pay to go to a Major Bank…. Watch the video below…

Wells Fargo – Why are you going there again???

Follow me through Wells Fargo’s rate finder to see how much more you pay to go to a Major Bank…. Watch the video below

MORTGAGE RATE ALERT TO FLOAT

YOU HAVE TO WATCH THIS UPDATE!!!

Week in Preview 8-1

Hang on this is going to be a wild week.  With Mortgage Bonds at the best levels of the year, and a  complete line up of market moving data, finishing off with the Jobs Report, this is going to be a crazy one.  Watch the video and give me some feed back on your take of whats happening with the economy right now….

Carefully Floating is my position for the week!

Obama Budget Cuts???

Have you seen this visualization of the Obama budget cuts….this is a good one:

http://www.youtube.com/watch?v=cWt8hTayupE

Week in Preview 7-25

Still no resolution to the debt ceiling issues and this helped rates move a leg higher last week and is putting pressure on rates today…this week we have on tap,  99 Billion in Treasuries that are set to be auctioned off. Ever wondered what a Trillion looks like: What does one TRILLION dollars look like

Cautiously Locking until debt ceiling issues are resolved