Sorry I haven’t blog for the past several weeks took a break. But getting back at it. Over the past month we seem to be in a pretty narrow range as far as interest rates are concerned. One day it looks as though they are going to start that trek upwards then something happens and they work their way back down. This month should show us how this spring might shape up. This is the month that the treasury is supposed to stop buying mortgage backed securities. There has been predictions that when this happens that interest rate could rise, those predictions range anywhere from up .40 basis points to up a full 1%. While there is still talk that the fed well have a difficult time withdrawing from purchasing mortgage securities at this time given the still very fragile housing industry.  Mortgage foreclosure are expected to get even worse than they are now. In 2009  as it was stated 2.8 million people came under the cloud of foreclosure and they are predicting that could rise  to 3 to 3.5 million in 2010 not good.  CLICK HERE to read further regarding the foreclosure rates.  All this while processing foreclosures has slowed down as banks try to deal with the continued flood of foreclosures.  SOME GOOD NEWS the program that i have been telling you all about the HARP Home Affordable Refinance Program has been extended for another year; it was slated to end June 15th 2010 but now has been extended until June 30 2011.  CLICK HERE to go to my website to see if you qualify.  We know the programs extended for another year but are the rates going to stay low?  Of coarse this won’t mean much If they don’t keep the rates down and if rates rise I feel it is going to really hurt those hoped home buying season as well; especially with the home buyers credit set to expire at the end of April (as it stands for now).  Now keep in mind with the tax credit  you have until the end of April to have a property under contract but have until the end of June to close on the property.  I’m sure that is going to be an interesting time for sellers who have buyers wanting concessions to execute those contracts; I’ll bet home inspections are going to get a lot more attention as far as getting the sellers to get the little stuff fixed or else.  Please visit my website www.capitaladvantagemortgage.com it’s complete with mortgage calculators comparisons and you can even shop through Real Estate listings. I just added a new listing by Pat Knapp CHECK IT OUT and here is a link to a video tour as well CLICK HERE . Please feel free to ask me any questions you may have, I’ll be bloggin at you again soon.

Remember to get pre-qualified visit my website or give me a call

Andrew Hahn

The 2 year bond sales went well today and was reflected by improving interest rates. we well need to wait and see if this continues with that 10 and 30 auctions that take place tomorrow and Thursday. If you are considering a refinance now is still the time to get started to get approved.  If I can help you please feel free to give me a call or Visit my business website to fill out a secure application. As a mortgage professional located in Commerce City Colorado and Licensed to do business in the state of Colorado just because we may start the process on line I do not want to be just a website. I still believe in the face to face meeting so that you can see who you are doing business with and that you know you can call me anytime with any questions you may have. Please visit my website Capitaladvantagemortgage.com and let me know if this helps you. OR you can always give me a call Andrew Hahn 303-331-8040.

If you would like to visit my personal website to get to know who I am please visit Andrew-Hahn.com