American Bancshares Mortgage: Mario Consuegra - 1135311

05/03/2022

https://www.inman.com/2022/05/02/housing-affordability-races-toward-levels-not-seen-since-2006-bubble/?utm_source=dailyheadlines&utm_medium=email&utm_campaign=localnewsletter&utm_content=913654_textlink_1_20220503&message_id=27573335.47864

If mortgage rates rise another half a percentage point, or if home prices go up 5 percent, affordability will hit the worst levels on record.

06/09/2021

https://finance.yahoo.com/news/severe-supply-shortage-fuels-hot-housing-market-bof-a-report-171754871.html

Existing home sales have declined and prices remain high while homebuilders face rising costs.

07/25/2020

Very professional !

Click to see all 3 reviews of Mario Consuegra, Mortgage Loan Originator | NMLS # 1135311

07/08/2020

Super helpful!

Click to see all 2 reviews of Mario Consuegra, Mortgage Loan Originator | NMLS # 1135311

02/06/2020

February 6, 2020


Stocks have erased their opening gains as the news cycle turns from impeachment and trade deals to the outbreak of the Corona virus. US productivity and private pay roll numbers reversed trends by posting positive improvements that have not been seen in almost 5 years. Productivity increased to a rate of 1.4% annualized and based on Q4 figures while private payrolls rose by 291,000, well above the initial expectations of only 150,000 additions. Weekly jobless claims fell to 202,000 which is the lowest posting since April of last year and slightly below the expected figure of 215,000.

Bonds The 10 year has slowly worked its way back up to the high 1.6 range but not before allowing mortgage rates to hit their lowest level since Oct 2016. The decline in mortgage rates led to a roughly 15% increase in refi applications over the last week which is the highest reading since June of 2013. For the second time in the past 3 days dealers have oversubscribed on the Fed's term repo operation at 1.9x, just below the 2.0x posted on Monday. According to the Fed, liquidity issues were expected to be resolved by now but it is becoming apparent that several entities are still facing reserve shortages. This has led many to believe rates will remain unchanged or possibly lowered by the Fed in 2020, should liquidity issues persist.

MBS outperformed their Treasury hedge ratios for the second straight day, as fears of a broad market meltdown subsided. 30-year Fannies outperformed the 10-year note by 2-5 ticks, duration-adjusted, while Ginnies had a similar session, although GNII 4.5s managed to lag 10s by a tick. 15-year Fannies also outpaced the 5-year note by 2-3 ticks. (The 5/32nd outperformance of Dwarf 4s is attributable to the reversal of a mark issue from the previous session.) Trading volumes remained heavy, with $472 billion in total activity including about $28.5 billion in specified pools.

Copyright © 2020 American Bancshares Mortgage, All rights reserved. You are receiving this email due to your past or present business relationship with American Bancshares Mortgage and/or connection to the mortgage banking industry.

American Bancshares Mortgage, LLC, NMLS No. 217378, Mortgage Lender Servicer License No. MLD360. Equal Housing Lender ( D/B/A ABSM and ABSM, LLC in states outside of Florida). For a list of state licenses visit www.nmlsconsumeraccess.org. We strive to be compliant with all applicable state and federal regulations pertaining to mortgage lending, advertising, and marketing, including but limited to all federal regulations, and guidelines promulgated and/or enforced by the US department of Housing and Urban development, The consumer Financial Protection Bureau, and the Federal Trade commission. American Bancshares Mortgage, LLC is not affiliated with any government agency. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change without notice. All fees are subject to state and federal high cost thresholds.

American Bancshares Mortgage 14261 Commerce Way Miami Lakes, FL 33016 - NMLS 217378

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12/31/2019

Mario's knowledge and professionalism. His advise is only what's best for the borrower.

Click to see all 1 reviews of Mario Consuegra, Mortgage Loan Originator | NMLS # 1135311

01/12/2019

In the process of obtaining a mortgage. Here is an article on how the shutdown can effect the process.

Here's how the federal government shutdown is affecting homebuyers and homeowners — and what you can do about it.

01/11/2019

01/09/2019

Contact me for all your mortgage needs