I recently had two clients call me looking for 100 percent purchase loans. I work so much in the Milwaukee, Waukesha and Madison area that I forget about a little used Rural housing 100 percent loan program. You can qualify under this program with very little out of pocket expenses. There are some guidelines that differ from regular financing but they are manageable.

These loans are trying to help people with average income and average credit scores obtain financing. That is not to...

A recent check of my web traffic alerted me to a rash of inquiries regarding the purchase of a condo in Wisconsin. Like any part of the housing market right now there are deals to be had in the condo market. There are plenty of potential pit falls and hopefully this will help you navigate the mine field.

The recent foreclosure market has turned investors sour on the condo market. You can still get financing at 80% of the condo's value. You will have to pay a premium of .75 points...

Mortgage Backed Securities are minus 28bps this morning.

Chairman Bernanke stated in his semi-annual testimony that the Fed is ready to step in and try untested measures to stimulate the economy if it falters. That signaled to investors that another round of quantitative easing maybe in the cards. Just two weeks after the Fed stopped QE2 there is more talk of easing. This has investors cheering and running for the exits in the bond markets and rushing into equities.

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Mortgage Backed Securities are Plus 0 this morning.

The FOMC will release the minutes from its last meeting today at 1:00. It will give us a look at the discussions of the last meeting. It will tell us what the Fed thinks about the economy and inflation. The may even mention the affects of the Fed not buying Treasuries as today we have the first auction since the end of QE2. That auction will be at noon today. The markets will be moved on these auctions.

"Longer-maturity...

Mortgage Backed Securities are Plus 34bps this morning.



A comedian once quipped the difference between a recession and a depression. He said "A recession is when your neighbor is out of work and a depression is when you are out of work". I think that may be the case with the latest jobs report.

We are seeing better than expected manufacturing numbers being released. We saw an increase in private sector jobs. We are seeing slow growth and a...