Archive for June, 2009

We’ve Moved.

June 29, 2009

That’s right, the mortgage blog is moving over to a new URL,

Please be sure to re-bookmark the home page and re-subscribe to the RSS feed so that you don’t miss out.  It’s a different web address, with a slightly different look . . . a few more contributors (among other things), but the same honest, professional, sometimes humorous, mortgage advice that you’ve come to enjoy.

This isn’t my last blog post, but it is my last post here.  And, you’ll be glad to know that this isn’t my last bad blog ending (usually song-lyric type ending), with so many to choose from, it was tough.  But this one seemed fitting . . .


 “Don’t come around here no more . . . “

And, not only is “the mortgage blog” changing URL’s, but I am moving to a new (new to me) company. 

Read all about the company change, get my new contact information and find out all the details involving the move to Dunwoody Mortgage Services at


Jeffrey Pinkerton is a Mortgage Consultant and NOW with Dunwoody Mortgage Services and writer for “the Mortgage Blog.”  For more information about available programs and interest rates, please visit


All the build-up, none of the excitement.

June 24, 2009

Today’s highly anticipated Fed meeting announcement — billed by most to be a mortgage market mover, for sure — ended up being a thankful dud (big relief).  Marketwatchers were correct in assuming that the Federal Funding rate would remain unchanged, but most were anticipating that the comments from the Feds would give weight to mortgage rates breakin’ out (no one really sure if that meant UP or DOWN, although, recently mortgage rates have been trending more in the dance-action of the 1984 impossible for most kids to do, windmill). 


That’s right.  I went there.  Breakin’ 2.

If the comments from the Feds were sensitive to inflation (and the fear of future inflation), mortgage rates would go up.  And if the comments from the Feds were focused on extending the purchase of mortgage backed securities past the current time-line, mortgage rates would (or at least, should) go down. 

The comments from the two day Fed meeting ended up being tame.  As far as mortgage rates going up on the fear of inflation, the comment that “economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period” — translates as no immediate risk of inflation or a near-future Fed rate hike.  And the non-mention of a new dollar amount or policy change in the purchase of mortgage backed securities, means no immediate pushing down of mortgage rates.  The comments of dollars to the mbs market did have some ‘we will, if we feel like it’ language, which certainly leaves the door open for future policy changes.

So, despite the anticipation, and despite all hopes that there would be some serious excitment around the release, the Fed meeting came and went without any excitement at all . . . some may never even remember that it took place at all.  [insert cute phrase or memorable quote from movie, Breakin’ 2 here, as referenced in the pic above in blog post.  ERROR: sorry, no memorable quotes about Breakin’ 2 to be found on the entire internet].


Jeffrey Pinkerton is a Mortgage Consultant and President of Hillside Lending, LLC and writer for “the Mortgage Blog.”  Hillside Lending seeks to provide mortgage brokerage services with the highest standards of service, care, honesty, integrity and value; concentrating on owner-occupied, residential financing.  For more information about available programs and interest rates, please visit