I haven’t written in awhile and a lot has happened. Federal Reserve Bank of St. Louis President, James Bullard said it is fair to say that the world is entering a period of exceptionally low interest rates. On the other hand, today stocks are going backwards as investors confront fresh signs that the […]

The Fed has begun buying up fixed rate mortgages backed by Fannie Mae, Freddie Mac and Ginnie Mae from lending institutions.  This is part of a $500 billion plan announced on November 25th.  The Fed estimates that it will complete the massive buy out by June 30th which is an astoundingly quick turn around.  Will […]

The Florida legislature is looking at adopting new rules for mortgage brokers, some of them seem so common sense that one has to wonder why it is that they were nor enacted sooner.  Some of the regulations being looked at:
Require nonbank mortgage originators to undergo annual criminal background checks.
Require them to join a national registry […]

We are heading into a refinance boom so many readers are going to be refinancing and many readers are going to ask, should I or should I not pay closing costs?  It does not matter what lender or what loan originator you use, when you refinance a home or purchase a home there are closing […]

Ever wonder what would happen if you threw a huge party and nobody showed up?  Today the Federal Reserve Board in a manner of speaking opted to test the premise. 
The central bank on Tuesday said it had reduced the federal funds rate, the interest that banks charge each other, to a range of zero to […]

We here at Bayside, get many requests from people who want to refi for the Florida mortgage rates that they hear on the news but their houses have diminished in value so far, that they can’t do it.
FHA loans have what is called a “streamlined” refinance.  That is, you can refinance your FHA loan without […]

Rates are down… at 5.5% they seem way down… and in a way this is a fantastic time to refinance your Florida mortgage loan.  You have a job.  Your credit is good.  You have positive equity in your property (or so you think).  Seems like this should all be a no brainer (especially if you’re […]

Florida mortgage brokers could barely contain their enthusiasm when  news leaked from Washington of a proposal to light a fire under the moribund housing market by driving down Florida mortgage rates to the 4.5% range.
The plan, which reportedly could be announced as early as next week, has the potential to dramatically boost the Florida mortgage […]