Flat Branch Blog
Oktoberfest Beer & Brat Fundraiser for The United Way
Posted on October 20, 2009
Oktoberfest Beer & Brat Fundraiser to benefit The United Way is tonight from 4-7pm at our home office. Please come join in the fun. Tickets are $20 in advance and $25 at the door. All the proceeds go to The United Way!
We hope you can attend, it should be a great time!
Brought to you by:
Flat Branch Home Loans, Inc.
Strange Week So Far
Posted on October 15, 2009
This week has really been odd in terms of mortgage rates. No sooner than we see some really positive movement, the bond market has fallen back. This has happened a couple times this week already. This has kept mortgage rates from falling any lower. In fact, pricing actually got a tad worse today. So far this really isn't anything to become too concerned about, but if you have a loan in process I would be sure to discuss your lock strategy with your loan officer. There is no reason to get too greedy and risk your rate going higher. Every loan scenario is unique so just do what is best for you and your situation. Rates still sit at great levels. Low 5% rates and in some cases high to mid 4's isn't too shabby!
The main reason for the recent spike has been the stock market. JP Morgan Chase came out with better than expected earnings. Couple this with some other positive news and it resulted in investors pulling money out of bonds and sticking it in the stock market. This is never good for mortgage rates, but we all know how this cycle works. Good news comes and people overreact and then bad news comes and they overreact even more. So we are sure to see a correction and all should level out. If in the next few days we receive some rate sheets for the better, it is a very good idea to lock and capitalize on those gains. You can always visit www.flatbranchhomeloans.com to keep up to speed on our rates.
Brought to you by:
Flat Branch Home Loans, Inc.
Twitter & Go Tigers!
Posted on October 8, 2009
Hi All,
This post will be brief, but I wanted to let everyone know that you can now Follow Flat Branch Home Loans, Inc. on Twitter! Twitter is a unique approach to communication and networking based on the
simple concept of status. What are you doing? What are your friends
doing—right now? With Twitter, you may answer this question over SMS or
the Web and the responses are shared between contacts. This is something that has taken off lately and a similar concept is widely used in Facebook as well. At Flat Branch Home Loans we already have a website/blog that we post updates on like the one you are reading now. Twitter is just another way to keep in touch and update you on current events like rates, program changes, announcements, etc.
http://twitter.com is where you can go to sign up and follow us for free. We would be happy to follow you as well.
If you do visit Twitter you will see our tweet about the MU vs. Nebraska game tonight. We are co-sponsoring a tailgate with BCT (Boone-Central Title). I know it will be wet, but be sure to swing by our tailgate in Lot C. Just look for the BCT and Flat Branch banner.
GO TIGERS!
Brought to you by:
Flat Branch Home Loans, Inc.
Rated #1
Posted on October 7, 2009
USDA's Mexico Office (Audrain, Boone, Callaway, Howard Counties) just announced their Fiscal Year 2009 numbers and Flat Branch Home Loans ranked 1st with a total volume of $5,462,135! This helped lead the way in what was a record year for the Mexico office. What makes this even more remarkable is that 2009 was really just a partial year for us. We recently switched to being a Mortgage Banker from a Broker and with this came alot of transition. We beefed up our staff and the majority of these changes didn't take effect until summer. So in other words 2010 should be another record for Flat Branch Home Loans and the Mexico USDA office!
Here are the numbers
- Flat Branch Home Loans, Inc $5,462,135
- Allied Mortgage $4,941,211
- Central Trust Bank $4,222,273.36
- Boone County National Bank $4,003,547
- Allied Home Mortgage Capital $3,152,68
- JP Morgan Chase $3,146,903
- Callaway Bank $1,972,687
- Premier Bank $1,918,076
- Jefferson Bank $1,903,886
- Bank Of America $1,5552,534
- Hawthorn Bank $1,269,555.61
We were also 2nd in # of transactions.
USDA is an absolutely amazing program for home buyers and we do our best to take adavantage of its perks for our client's whenever is possible. We know the program inside and out. So if you are interested in a USDA loan be sure to contact us. We would love to help!
Brought to you by:
Flat Branch Home Loans, Inc.
Today's Mortgage Rates!
Posted on October 2, 2009
MBS prices have been on a steady climb lately. This is a great sign! We have been experiencing great rates for quite awhile now, but back in May they spiked a bit in May we haven't approached the lows of the year since. Today was the closest we have been, but I am sorry to say tjat a reprice for the worse was just released to steal a bit of our thunder heading into the weekend. Even with this being the case rates in the 4's are definitely possible. 4% rates are for the select few that qualify, but 5-5.25% is available in most scenarios. Just view Today's Rates on our home page and you can see what is possible. These rate quotes are always for a given scenario because we simply cannot illustrate the numerous variables that go into every deal. Evey loan is different. All rate quotes are also illustrated on a 30 day lock. Many times 45 day locks are necessary so be sure to clarify your specific situation with your Mortgage Consultant.
With rates at their current levels, refinance applications are sure to pick up. You can really save some good money. This is also great timing for anyone trying to get their loan done prior to November 30th to take advantage of the $8000 First Time Home Buyer Tax Credit! Talk about a cherry for that sundae! Not too bad when you get a super low interest rate to go with your $8000! So visit us today and APPLY to take advantage now!
Brought to you by:
Flat Branch Home Loans, Inc.
