First Priority Financial Inc.

Happy Holidays!

It must be the holiday season with so many gifts coming in. What else could explain good economic news combined with lower interest rates and lower oil prices? Even though the stock market is retreating, keep in mind that the Dow was below 12,000 approximately three years ago. Three years ago the unemployment rate averaged just over 8.0% and it is ...
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Market Update...Rates low, jobs increasing

On the other hand, the progress we have made will cause a ripple effect throughout the economy. We are on pace to add almost 3 million jobs this year and this will increase consumer spending which will create more jobs. And some of this spending will make the real estate market stronger -- whether i ...
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Rates hang in there, currency a hot topic..

Rate markets started unchanged early this morning; the US stock indexes pointed to a strong open at 9:30. No scheduled economic data today, this week’s calendar is thin on data after the stronger than expected Sept employment report last Friday. In the geo-political situations: Honk Kong protestor ...
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Yes, You Can Buy a Home..

America has been recovering from our deep recession for over five years. Gradually over that time, standards for home loans have loosened up, but unfortunately the media has failed to take notice because it does not make for impactful headlines when there are not difficulties to report. Slowly but surely, lending standards have normalized so tha ...
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Rates improving as day goes on...

The big rally in Mortgage Backed Securities(MBS) this morning is not due to the ADP report as they were already heading up before that report was released. They are rallying due to the bad news coming out of Europe which caused German Bond Yields to go negative. This is the driving force for in the rally. We also have a new month and a new quarter ...
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USDA Products

USDA Annual Fee As announced in FAMC Guide Update #2014-7, guidelines have been updated to reflect the changes to the new USDA annual fee structure published in AN-4757. As a reminder, for all USDA loans with conditional commitments issued on or after October 1, 2014, the annual fee will be increasing to 0.50% from 0.40%. There will be no cha ...
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