Gary Boatman
(805) 239-5199
gary@countryrealestate.com

DRE# 01015820




Real Estate News
Housing Demands are Changing, Builders Slow to Follow
Tue, 16 Jan 2018 16:00:05 GMT

Posted To: MND NewsWireBuilders are building more houses, but a survey conducted by the National Association of Home Builders (NAHB) found they are essentially building the same ones . The survey, released during the association's International Build..[read more]

MBS Week Ahead: Light Data, Glimmer of Hope, and a Word of Caution
Tue, 16 Jan 2018 14:36:31 GMT

Posted To: MBS CommentaryDon't get too excited. Despite a few close calls and false alarms, bonds managed to close below last Tuesday's highs for three days in a row. Now they begin the 4th day in slightly stronger territory. To an optimist&#..[read more]

Natural Disasters and Compare Ratios; Q3 Performance and Fee Changes
Tue, 16 Jan 2018 14:16:37 GMT

Posted To: Pipeline PressReplacing real estate agents with “something else that doesn’t earn a 6% commission” is certainly a discussion topic. Here’s one new venture: peer to peer real estate marketplace . But as Brian B. from..[read more]

Mortgage Rates Avoid More Dire Outcomes After Inflation Report
Sat, 13 Jan 2018 01:00:00 GMT

Posted To: Mortgage Rate WatchMortgage rates caught a break yesterday by moving lower for the first time this week. They arguably caught a break again today by not moving any higher than they did. Underlying bond markets (which drive mortgage rate ch..[read more]

MBS RECAP: China Must be Buying
Sat, 13 Jan 2018 00:58:02 GMT

Posted To: MBS CommentaryI laughed out loud today--something I rarely do when reading typed words--after MBS Live cornerstone Sung Kim quipped "thank God China is buying today!" This joke works on so many levels. Much of the week was devoted to chasi..[read more]

Broker News; Mergers/Acquisitions; Guild to Buy Cornerstone
Fri, 12 Jan 2018 14:14:31 GMT

Posted To: Pipeline PressPlenty of people tell me that I’m “long in the tooth.” (A way of gauging a horse’s age.) Tooth? Thanks to Emily W. for sending in something that all of us have probably wondered about, even though you ..[read more]

MBS Day Ahead: CPI is the New NFP, Sometimes
Fri, 12 Jan 2018 13:34:30 GMT

Posted To: MBS CommentaryA majority of market participants (or their mentors) were steeped in the extraordinary inflation/rate volatility of the late 70's and early 80's. As the recovery from the financial crisis began, and as the Fed was pum..[read more]

MBS RECAP: Another Strong Auction Helps Bonds After China News Debunked
Thu, 11 Jan 2018 21:50:02 GMT

Posted To: MBS CommentaryYesterday morning's news regarding China potentially buying fewer (or selling) US Treasuries has been a big talking point. While most pundits and even a few traders jumped on the bandwagon right off the bat, we immediatel..[read more]

Mortgage Rates Catch a Break With Help From Treasuries
Thu, 11 Jan 2018 20:51:00 GMT

Posted To: Mortgage Rate WatchMortgage rates caught a break today, moving lower for the first time this week and pushing back from the highest levels since early July 2017. Like yesterday, strong demand at a Treasury auction helped US bond markets, b..[read more]

Growing Concerns Over VA Loan Churning
Thu, 11 Jan 2018 20:27:42 GMT

Posted To: MND NewsWireA Ginnie Mae official told Congress this week that his agency has growing concerns over the incidence of "loan churning" in the VA mortgage program. Michel R. Bright, Ginnie Mae's Executive Vice President and COO was among four..[read more]

New Home Sales Defy Holiday Lull, Rising in December
Thu, 11 Jan 2018 15:17:43 GMT

Posted To: MND NewsWireDespite the usual holiday lull in overall mortgage applications, the demand for newly constructed homes increased in December. The Mortgage Bankers Association (MBA) said its Builder Applications Survey (BAS) found those applic..[read more]

MBS Day Ahead: China's "Fake News" Comes and Goes. Shocking Market Reaction Follows
Thu, 11 Jan 2018 14:18:44 GMT

Posted To: MBS CommentaryYesterday, the possibility of China decreasing its purchases of US Treasuries was all anyone could talk about . Amid a sea of voices declaring this as a major fundamental market mover for US rates, I yelled counterpoints from..[read more]

LIBOR Replacements; Mortgage Rates and Tax Reform
Thu, 11 Jan 2018 14:13:15 GMT

Posted To: Pipeline PressWhen I grow up I want a million-dollar house! Tight inventories, costs, and appreciation have created an increase of houses worth seven figures - the number has quadrupled in fifteen years. (Builder reasons? Higher profits & ..[read more]

MBS RECAP: Bonds Slightly Weaker After Sorting Through Another Red Herring Delivery
Wed, 10 Jan 2018 22:37:09 GMT

Posted To: MBS CommentaryYesterday: Japan . Today: China . Stakeholders, journalists, and even a fairly wide swath of bond traders are eager to make sense of the past 2 days of weakness, even when that weakness isn't easily ascribed to a single h..[read more]

Mortgage Rates Remain at 6-Month Highs Despite Late Day Bounce
Wed, 10 Jan 2018 20:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were much higher this morning, bringing them to new 6-month highs (a dubious distinction also accomplished yesterday). Unlike yesterday, there were good and bad moments today. Bond markets (which underlie ..[read more]

A Dose of Digital Reality for Builders?
Wed, 10 Jan 2018 17:26:37 GMT

Posted To: MND NewsWireThey may be a little late to the game, but John McManus, publisher of BuilderOnLine.com , is betting home builders are about to get a dose of digital reality . McManus, reporting from the Consumer Electronics Show (CES) current..[read more]

Mortgage Applications Heat Up After Holiday Lull
Wed, 10 Jan 2018 14:21:10 GMT

Posted To: MND NewsWireMortgage application activity roared out of the gate in the first week of the New Year, as the country got back down to business. Much of the week's gain could probably be attributed to consumers catching up after the usual hol..[read more]

Tax Reform Training; Important Events; Steepening Yield Curve
Wed, 10 Jan 2018 14:13:12 GMT

Posted To: Pipeline PressSharing a king bed with your 80-year old aunt, or the refrigerator with your twin 25-year olds who can’t afford to move out, probably isn’t high on your list. But looking at builder's building trends shows that th..[read more]

MBS Day Ahead: It Just Got Real. Let's Not Overcomplicate It
Wed, 10 Jan 2018 14:02:27 GMT

Posted To: MBS CommentaryThe proverbial "you know what" just got real. We'd been waiting for the first big dose of bond market momentum following months of consolidation heading into the end of 2017. We figured it would show up around the 2nd wee..[read more]

MBS RECAP: Big Bad Day For Bonds (Not Because of Japan)
Tue, 09 Jan 2018 22:43:06 GMT

Posted To: MBS CommentaryIn certain circles, much was made of overnight news that the Bank of Japan would be buying fewer bonds. That's about as far as most news stories delved into the topic, despite it being more complicated than bond-buying ne..[read more]

Mortgage Rates Highest in 6 Months
Tue, 09 Jan 2018 20:51:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher. That's an uncommonly big 2-day move, and it brings rates to their highest levels sinc..[read more]

Lending Standards Becoming Tight For Government Loans
Tue, 09 Jan 2018 16:56:49 GMT

Posted To: MND NewsWireA decline in each of its four component indices, especially the one measuring the availability of government-backed loans, drove overall mortgage credit availability lower in December according to the Mortgage Bankers Associati..[read more]

Delinquency Rates Skewed by Hurricane Stricken States
Tue, 09 Jan 2018 15:29:07 GMT

Posted To: MND NewsWireMortgage delinquency rates continued to fall in October, with the national rate ticking down 0.1 percent and the percentage of non-current loans declining in all but three states. While perennial trouble spots Louisiana, Missis..[read more]

MBS Day Ahead: There is Inflation, If You Look For It, And It's Not Helping Bonds
Tue, 09 Jan 2018 15:11:22 GMT

Posted To: MBS CommentaryThis commentary was delayed this morning due to several alerts posted on MBS Live. If you're not a member and haven't checked it out, you should . Bonds are beginning the day with their biggest sell-off since January ..[read more]

New Branding; Servicing Rankings and News; Rates Edging Up
Tue, 09 Jan 2018 14:13:56 GMT

Posted To: Pipeline Press“A sea change:” A radical change or transformation. One wouldn’t call last Friday’s note from the CFPB a sea change, but the fact that the Consumer Financial Protection Bureau announced that it will be..[read more]

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