4 Months Later
Holy Moly, it’s been 4 months since I posted anything! There’s been a lot going on.
On the mortgage side, those of us at Beacon flirted with transitioning to mortgage bankers at the end of 2009. We didn’t make the jump for many reasons…until the end of March. We are now Cole Taylor Mortgage, a division of Cole Taylor Bank. Cole Taylor Bank is based in Chicago, and has been around for 80 years. The mortgage division is new, though spearheaded by industry legends from the legendary ABN-AMRO mortgage group.
We are the first retail branch in Pennsylvania for Cole Taylor Mortgage! While there may be a learning curve with systems and processes, the end result is already phenomenal. Local processing and in-house underwriting means quicker decisions on files and shortens the cycle to get a loan closed. Local appraisers. Excellent rates. It’s made things fun again!
On other topics, I have been on QVC a few times selling the world’s best hose products, those made in Oregon by Water Right.
I am once again coaching Kate’s Ephrata U12 Girls Rec soccer team. Got trounced in week 1, but every other game has been close, with 1 win and 1 tie to go with 3 losses.
My New Mortgage Home in Ephrata!
I moved across the street…now at 114 E. Main St., Ephrata in the Ray H. Good Business Center with H&R Block.
Mortgage Re-Cap 8/3 – 8/7
A pretty good week for the nation’s economy as a whole meant bad news for mortgage rates. Existing home sales are up, unemployment is down and Cash For Clunkers jump starting the auto industry are all things pointing to putting the recession in the rear view mirror. I don’t believe it, but it is what it is.
30 year fixed conventional rates are up a quarter from the last week in July. It’ll take a full 3 points to get in the 4’s. No points is looking like upper 5’s. 6.0 seems to be the going rate on government loans.
I think rates will fall back in the next 2 weeks, I’m just not feeling the vibe of economic recovery. We’ll see. For a mortgage in Ephrata and anywhere in Lancaster County, be sure to check in with ol’ Brother Weems at Beacon Mortgage in Ephrata.
Mortgage Update 7/28/09
Rates look great, and so do I! (not)
Mortgage Update 7/23/09 The Thumbs Have It!
A video update, whattya think?
Mortgage Update 7/15/09 See Saw Up
Okay it looks like the teeter totter is tipping rates up again for a 3rd day, putting rates up a 1/4 from the end of last week.
Conventional 30 year rates are in the hig 4’s to high 5’s depending on points, and FHA still in the 5.5 to 6.0 range.
That’s the call for an Ephrata Mortgage from beautiful Beacon Mortgage at 123 E.Main St. in Ephrata, PA!