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This list is not inclusive of all states where Bond Street Mortgage, LLC may lend. Bond Street Mortgage, LLC is required to make the following disclosures by its regulatory authorities located in the applicable states. Not all states require such disclosures.
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Delaware Chapter 24, Title 5 Licensed Lender
Licensed by the N.J. Department of Banking and Insurance.
Licensed by the Pennsylvania Department of Banking and Insurance
Registered Mortgage Broker, NYS Banking Department, Loans Arranged with 3rd Party Lenders
Licensed by Connecticut Department of Banking
Licensed by Texas Department of Savings and Mortgage Lending
Licensed Mortgage Lender by Florida Office of Financial Regulation
Company NMLS #: 191351
Mortgage Rates Newsletter - Market Analysis
Mortgage Rates Quickly Approaching 4-Year Highs
Let's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or averaged. And while I have no doubt that they are accurately conveying the results of their data collection efforts according to their methodology, there is a more accurate way to do things. Specifically, we can track actual lenders' rate sheets every day. Even if we take an average of that daily data, we still find that rates aren't quite back to 4-year highs just yet. Depending on the lender, these occurred on one of the days near the end of February. In fact, some lenders' rates from March 21st are still higher than today's. Are we talking about very big differences between
Mortgage Rates Jump to Highest Levels in About a Month
Mortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a friendly, narrow range. This of course coincided with a narrow range for rates in the past few months. It was also "friendly" relative to the trajectory seen in the first part of the year. When these sorts of ranges become established, the boundaries take on a special significance. As soon as the floor or the ceiling is definitively broken, there tends to be some additional momentum in the direction of the break. That's why yesterday's headline mentioned that bonds were suggesting "more trouble ahead." I'd hoped to be wrong about that, but here's the
Mortgage Rates Inch Higher as Bonds Suggest More Trouble Ahead
Mortgage rates moved higher today as bond markets continued a mildly weaker trend for the month of April. Bonds (which underlie rates) are under pressure for a variety of reasons. The most notable headwinds are longer-term and bigger-picture. Rates responded to these headwinds in a fairly big way in Jan/Feb and have basically been "taking a break" since then. Rates have moved very little during this "break," with most borrowers being quoted the same NOTE rate on any given day in the past 2 months. Upfront costs have been the only way the modulate the EFFECTIVE rate of the average lender's 30yr fixed quote. Today's move in bonds brings 10yr Treasury yields to their highest levels since March 21st. While this, in and of itself, doesn't rekindle the same sort of drama seen in the first 2 months
Modest Improvements For Mortgage Rates
Mortgage rates had a calm day. Lenders who had offered improved rate sheets yesterday afternoon didn't see much reason to drop rates any further today. Lenders who took a more conservative route yesterday ended up being a little better off. Although there were several economic reports this morning, bonds (which drive rates) did nothing to respond and have generally been uninspired so far this week. In fact, in a broader sense, bonds haven't exhibited much inspiration for more than a month. Although rates have descended modestly since late February, it's just as fair to label that movement as "flat" in the context of typical rate movement. For example, most borrowers would still be quoted the same "note rate," with the only difference being slight changes in upfront fees/points. Loan Originator
Mortgage Rates Back to Unchanged After Starting Higher
Mortgage rates began the day at higher levels, as bond markets lost ground overnight. Bonds dictate rates, and "losing ground" means bond prices are falling. When bond prices fall, rates move higher. There's some chatter in the marketplace about developments in Syria being the motivation for every little move in bonds/rates. Rather, it's more accurate to say it's ONE OF the motivations behind SOME of the moves. Bonds had a few other concerns overnight. That's why they were able to improve during domestic hours even though nothing changed with respect to Syria. As bonds improved, most lenders ended up releasing positively-revised rate sheets. After the revisions, today's mortgage rates ended up in substantially similar territory to last Friday's. Lenders who didn't reprice are naturally still
Testimonials
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My sister and I hired Vincent Costa to sell our childhood home. We met with him, he toured the home, then gave us his professional opinion about proper pricing for the area and also what changes to the home might help us sell faster. His recommendations were reasonable and we implemented all of his suggestions. Our home went on the market and we had a full price offer within ONE DAY.
To say we were amazed is an understatement. We accepted the offer and both we and our buyers left completely satisfied.
Mr. Costa knows this business inside and out – I would not hesitate to recommend him to family and friends. When I am ready to sell my own home I will be calling him for sure.
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- -Tracy
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I was out looking for houses with other realtor’s and did nothing but burnt gas. I then contacted Vincent Costa told him what I was looking for and on the first day we found my house. Then I recommend him to my cousin who lived in North Carolina and he did the same for her and my sister so with that being said that’s three happy customers. Vincent is the best.
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- -Lydell
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Vinnie was the best! He stuck with us through our long search for our perfect home. He knew what we were looking for, and helped us through the whole process from start to finish, he helped make the whole process run very smoothly which can be a challenge as a first time home owner. I would recommend Vincent Costa's services highly, I’m sure you will be quite satisfied!
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- -Corinne
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I highly recommend using Vincent Costa as your real estate agent. He is very knowledgeable in his field. He was very personable and took the time to understand exactly what we were looking for in our next home. He was always quick to respond to our emails and calls and handled the whole process of selling and buying in a professional manner.
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- -John
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