Welcome EasyRoadHome (Real Estate/Mortgage/Construction Sponsor)

[Bandit]

So when do interest rates go above 5%. To me, that is when the real meltdown begins.

 

[bbdude]

Call phil for a refi now!!!!!!!!!!!!

 

[UTPhil2006]

So when do interest rates go above 5%. To me, that is when the real meltdown begins.

The way the market has been reacting to even the smallest hints of a "recovery", it could jump in a matter of a two week span. It certainly did in May and again in July. I'd say 5% isn't in the too far distant future.

 

[JimsTexas]

Horn Sports would like to take this time to welcome EasyRoadHome (Real Estate/Mortgage/Construction) as the newest sponsor on the site.

Site member UTPhil2006 is part of the management at Easy Road Home and he will work with you on anything from home purchasing/selling, mortgages and even property construction.

Please feel free to give UTPhil2006 a shout on this thread if you have any real-estate, mortgage or construction questions.

THANKS AGAIN TO UTPHIL2006 and EasyRoadHome!

UTPHIL2006 my friend it's really great to have you as a member. My friends y'all have a great week.

 

[UTPhil2006]

UTPHIL2006 my friend it's really great to have you as a member. My friends y'all have a great week.

Thanks man. Let me know if I can ever do anything for you, your friends, your family, anyone.

 

[MBHORNSFAN]

Phil Let me know if you want to come on the podcast for a few minutes to share with our listeners what you do.

 

[UTPhil2006]

Phil Let me know if you want to come on the podcast for a few minutes to share with our listeners what you do.

For sure. I'll talk to Thad (business partner) and see which one of us wants to do it. He's usually better at these types of things. I'll keep you posted.

 

[UTPhil2006]

Thad says he wants to do it. You can email me (in signature) to let me know what he needs to do and when.

Thanks for the offer!

 

[MBHORNSFAN]

Thad says he wants to do it. You can email me (in signature) to let me know what he needs to do and when.
Thanks for the offer!

I will be in touch

 

[bbdude]

You guys remember to call PHIL with any mortgage questions or needs! He is the Horn Sports Mortgage guru!

 

[UTPhil2006]

You guys remember to call PHIL with any mortgage questions or needs! He is the Horn Sports Mortgage guru!

Thanks man!

 

[UTPhil2006]

Haven't really gone too much into rates, the 10-year treasury and how it impacts rates, Fed/job announcments and their impacts but I will make sure to start doing so on here.

That being said, the last 6 weeks have been pretty much consistent positive news as far as the economy, the Fed decided to begin tapering (which began last week), etc which slid rates up from about 4.25 to 4.75 from Thanksgiving to NYE. Today's job report (which came in poorly) has been the first big knock against this rally train in a while. While it may not be a huge fall, every little dip in this current market can not be discounted or taken lightly, as the interest rate market has shown it will rebound quickly on even the slightest positive news. Two days ago we were at 3.02 in the 10 year which was pretty much the year (and 2 year) high. Since Wednesday we have fallen almost 15 basis points which is huge in this current market, due to the poor jobs report.

If anyone is on the edge about a refinance, or wants to take a look at rates today and Monday is that day. While 4.75 is still a phenomenal rate, the likely 4.5 that we are likely snuck down to today is even better and should be taken advantage of if at all possible. As always if you have any questions you can PM me, reply to this thread, or my email can be found in my signature.

Happy Friday everyone!

 

[UTPhil2006]

Just an update from the above.. we've dropped another 15 or so basis points (4-5 is a big deal for a frame of reference) in the last two weeks for about a 30 point drop since we hit the high right after New Years. I'm not sure how long this will last, as usually one good report can bounce it back up in a hurry. Currently we're feeding off of the dismal job and earning reports of the past couple weeks. I wouldn't be surprised to see our rate sheets having 4.375 available today.

If you are on the fence about a refi, want to eradicate a second lean, drop from a 30 to 15, 30 to 20, or are close to a purchase I *strongly* urge you to contact me and take a look at some numbers. We almost assuredly won't stay down for very long on rates and it's vital to take advantage of these valleys.

Email is listed below in my signature.

 

[UTPhil2006]

I will be in touch

Let me know How I can Help

 

[UTPhil2006]

Just touching base with you guys as buying season is definitely heating up here in Texas. If you have any questions about the Real Estate side or Financing side of the transaction, need a Realtor or a Loan Officer, or have any questions period I can certainly get you taken care of. My email is listed below in my signature.

 

[bbdude]

Buying a house, selling, need a loan, etc... please give Phil your business first. Easy Road Home is a sponsor here at HornSports.com and they are good folks that will help you get the best deal you can with respect to your real estate needs!

 

[UTPhil2006]

Buying a house, selling, need a loan, etc... please give Phil your business first. Easy Road Home is a sponsor here at HornSports.com and they are good folks that will help you get the best deal you can with respect to your real estate needs!

What he said. If it's running some numbers for a mortgage, if you want to see what your house may be worth and potentially sell it, if you want to know about building a home, anything.. just ask me and I'll take care of you and your questions asap.