I've been reading this blog since around March of this year when I was buying a home.  I was trying to find "real time" info as I obsessively observed data to try and figure out the best time to "lock."  I gave the link for the site to my lender and friends of mine in the mortgage industry and they all were very appreciative or at least the ones that like this kind of thing.  Oh, to a great degree because of the blog, my timing was impeccable with me hitting that second low in April and getting 5.75 for 30 years.  This wasn't a coincidence as I have been looking for a home for about two years and I knew that the window of opportunity, in the larger sense, was soon to close.  The lows of last January and me missing them was the handwriting on the wall that the end was near.  When I first saw the treasuries and the MBS go out of whack the first time in awhile last April, I knew.  I feel good about what I got as in a home less expensive than it would have been six months earlier and a great loan.  Of course never missing a payment in 25 years went a long way toward my rate, but that is a different story. 

Anyway, I found myself continuing to read the blog once the economy went in the dumper because after all of the NOISE I get from CNBC and Bloomberg et. al., a little simple clear light upon the situation from the perch of MBS has been invaluable.  I listen to all of them and find myself anticipating the next days blog for a little clarity from a different perspective. 

Thanks, and no he didn't pay me anything...  I got paid by paying attention and getting a great rate...

Karl Milhon:

I've been reading this blog since around March of this year when I was buying a home.  I was trying to find "real time" info as I obsessively observed data to try and figure out the best time to "lock."  I gave the link for the site to my lender and friends of mine in the mortgage industry and they all were very appreciative or at least the ones that like this kind of thing.  Oh, to a great degree because of the blog, my timing was impeccable with me hitting that second low in April and getting 5.75 for 30 years.  This wasn't a coincidence as I have been looking for a home for about two years and I knew that the window of opportunity, in the larger sense, was soon to close.  The lows of last January and me missing them was the handwriting on the wall that the end was near.  When I first saw the treasuries and the MBS go out of whack the first time in awhile last April, I knew.  I feel good about what I got as in a home less expensive than it would have been six months earlier and a great loan.  Of course never missing a payment in 25 years went a long way toward my rate, but that is a different story. 

 

Anyway, I found myself continuing to read the blog once the economy went in the dumper because after all of the NOISE I get from CNBC and Bloomberg et. al., a little simple clear light upon the situation from the perch of MBS has been invaluable.  I listen to all of them and find myself anticipating the next days blog for a little clarity from a different perspective. 

Thanks, and no he didn't pay me anything...  I got paid by paying attention and getting a great rate...

Karl,

It is consumers like you that are great to work with because it makes our jobs a lot easier when you understand the market and the changes that are happening in it.

Congratulations one your new home!!!  Look forward to seeing you on the forum and adding your insight as a consumer.

Thanks Karl!