Adams List

Getting started with your mortgage application

June 16th, 2011 by Adam O'Donnell

Posted in Home Buying Process Video's | tagged adam, adam odonnell, application, droid, guaranteed rate, housing. home finance, lending, mortgage, mortgage application, real estate | | 0 Comments

Here is a great explanation of how the largest banks in the country are taking away our right to choose.

June 15th, 2011 by Adam O'Donnell

Posted in Economics, Mortgage Related | | | 0 Comments

Happy Memorial Day Folks!

May 31st, 2011 by Adam O'Donnell

Posted in Sports & Fun | tagged adam odonnell, droid, guaranteed rate, housing. home finance, lending, mortgage, mountain bike, real estate | | 0 Comments

May 25th, 2011 by Adam O'Donnell

May 23, 2011
Home Sales Modestly Growing

Last week, Treasury yields (and mortgage rates) were close to lows for the year as many view that slow economic growth will not be able to trigger any meaningful inflation in the short term. Weaker than expected housing starts and flat industrial production since March were among the contributors to this view last week. With less concern over inflation, mortgage rates are less likely to materially rise in the short term.

Existing home sales showed a very modest increase last month, but a large portion of these sales are distressed sales, leading many to believe that housing prices will remain suppressed, at least in the short term. MBA mortgage applications jumped 7.8% last week, with the increase attributed to refinance activity.

As the week drew to a close, some of the drop in rates was paired back as jobless claims came in a bit lower than expected. As reinforced in the minutes issued from the last Federal Reserve meeting, the Fed is scheduled to end their second “Quantitative Easing” program next month, which will mean less investment by the Fed into Treasuries and mortgage-backed securities. As the markets are still working to digest the impact of this move, it’s arguable that this is starting to put a very slight upward pressure on rates.

As we kick off the last full week of May, most news centers around Europe and their continuing debt crisis. Italy’s credit rating was downgraded by Standard & Poors, which helped contribute to a small improvement in rates right out of the gate this morning, as Treasuries look more attractive to international investors.

For the remainder of the week, keep a close eye on the 2nd revision to Q1 GDP. If this is revised to show noticeably higher growth, it may stimulate some economic momentum that raises rates slightly. April New Home Sales, Durable Goods Orders and the Core PCE price index are among the other domestic economic indicators that could help indicate the strength of economic recovery.

Please feel free to call or email me for the current mortgage rates and loan scenarios at 650-486-1346 or adam.odonnell@guaranteedrate.com.

Posted in Uncategorized | | | 0 Comments

Window of Opportunity Has Opened…

May 5th, 2011 by Adam O'Donnell

I wanted to reach out to you before it’s too late. You may have heard that home loan rates improved, reaching some of the best levels so far in 2011. In fact, I’ve been slammed with emails and phone calls from people just like you who wanted to take advantage of this wonderful situation.

But there’s one important point you should know…
The slowing in our economy is one of the main reasons rates have improved recently, but it’s important to note that the last time rates hit this level, they jumped significantly higher from here. Signs of inflation are beginning to creep into our economy, and that never is a good thing when it comes to home loan rates. That’s why it’s more important than ever to act now.

It will only take a minute – give me a quick call so we can look at your situation. Doesn’t cost anything to check it out, and the choice of moving forward will be up to you. Don’t miss this window of opportunity to save significantly on your monthly budget.
I look forward to hearing from you! You can always reach me at (650) 486-1346

Posted in Mortgage Related | | | 0 Comments

Welcome to Adams List

April 27th, 2011 by Adam O'Donnell

Posted in Mortgage Related | | | 4 Comments

Check out that crazy video below

April 22nd, 2011 by Adam O'Donnell

I was watching the video below and was amazed at the capabilities of all these new smart phones. While some of these technologies can be very useful, we have to be careful to really understand the impact of what these technologies not only can do for us, but also to us. As if being a parent now a days isn’t difficult enough we now have to make sure our kids PDA/Smart phones are also configured properly.

I just turned off the gps function on my Droid, and will now be very aware when anyone around me is taking pictures of their kids with their smart phone or PDA. Please feel free to share this information with anyone you know that may benefit from this story.

Posted in Protecting Yourself | tagged adam odonnell, droid, iphone, kids, lending, mortgage, parenting, pda, personal security, preditors, real estate, smart phones | | 0 Comments

Be careful when taking pics with your PDA

April 22nd, 2011 by Adam O'Donnell

Posted in Protecting Yourself | | | 0 Comments

Think Big Work Small Discusses QRM…Who thinks up these regulations

April 20th, 2011 by Adam O'Donnell

Posted in Mortgage Related | | | 0 Comments

U.S. credit outlook lowered by S&P on deficit fears

April 18th, 2011 by Adam O'Donnell

http://www.reuters.com/article/2011/04/18/us-ratings-usa-sp-idUSTRE73H2JT20110418

Posted in Economics | | | 0 Comments