Dan the Mortgage Planner

Removes the curtain of secrecy on the mortgage world.

Should I Lock or Float? This Week – July 22, 2013

Posted on July 22, 2013 by Dan Tharp

Mortgage Rates Trending

It’s been 3 weeks since Sacramento mortgage rates hit their highest point of 2013. Since that Friday, July 5th, we have seen a welcome rebound. I stress, the words, for now. Last Monday, retail sales came in weaker than expected – as you know, weak economic news translates to lower mortgage rates, for the most part.

Weekly jobless claims fell, and Fed Chair Ben Bernanke testified before the Senate, saying that falling gold prices were an indication of increasing confidence in the economy, but that it was “way too soon” to say when the Fed’s quantitative easing program would be reduced. Continue reading →

The Best Time Of The Year To Sell Your Sacramento Home

Posted on July 13, 2013 by Dan Tharp

Does it matter when you put your Sacramento home on the market and does timing affect how well it will sell? What about the final sales price?

According to many studies in housing trends, the answer is yes. The time of year when you sell your home can have an effect on how many people are interested and how much the home will sell for. Continue reading →

Should I Lock or Float? FED Minutes Reveal Rates Should Climb Before Years End

Posted on July 11, 2013 by Dan Tharp

FOMC Minutes Suggest QE Tapering by Year-End

Ben Bernanke, Fed Chairman, blew up the bond and mortgage markets a month ago with his comments that the Fed is preparing to begin reducing the monthly purchases of treasuries and mortgage-backed securities. Rates spiked, and left folks shopping for mortgages, shaking their heads. The minutes for June’s meeting of the Federal Open Market Committee (FOMC) suggest that committee members are mostly in agreement that the current quantitative easing program (QE) should begin winding down by year-end, but the committee minutes are very clear about the committee’s intention to monitor inflation and ongoing economic and financial developments before taking action to reduce the current rate of QE. Continue reading →

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