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Gerald Santoro's Blog


Mortgage Rate Nightmare Following Fed
Updated Oct. 9, 2013
Mortgage rates endured their single worst week in more than10yrs, with 30yr Fixed best-execution rates rising by astaggering 0.625% through the course of the week. Theextreme volatility following Wednesday's FOMC events meantthat lenders' rate sheet offerings were heavily stratified....
So many questions came up at the last minute, my lender was incompetent!
Updated Oct. 9, 2013
"So many questions came up at the last minute, my lender was incompetent!" . As a result of the mortgage crisis, many layers of fact checking have been added into the mortgage process by regulators and by Fannie Mae, Freddie Mac and the FHA (the national authorities who finance the majority of mortgage loans in...

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