Mason-McDuffie Mortgage is happy to announce our April Follower Appreciation Gift. For the month of April, 2013 we will be giving all of our current followers a Free Appraisal on their Loan Application with us. Please visit us @ http://www.mmcdcorp.com/ to contact a Loan Officer nearest to you. Please make sure to give the Loan Officer the Appreciation Code: MMCDAPRIL
Congratulations to Jim Black for being selected as the Production Employee of the Month. Jim is currently a VP Area Sales Manager for the Lafayette, Oakland and Berkeley branches. He was one of our top 3 producers for February in volume with $5,570,973 and in units with 10. Jim has been a loan officer with Mason-McDuffie Mortgage since August of 2012.
The Jim Black team is fortunate to have teamed up with Mason-McDuffie Mortgage to continue to enhance the knowledge, programs and service they offer to the community for residential lending needs. Jim’s Bay Area clients, business associates, and co-workers respect his financial business background and drive for excellence, as he delivers the best customized short and long term construction and residential lending solutions with exceptional customer service. Jim and his team are focused on helping make a difference in their community and look forward to having the opportunity to show clients what Team Jim Black can do for them. Please click HERE for more information on Jim Black.
We have an immediate opening for an experienced Loan Offficers, Underwriters, Loan Funders, and Loan Processors to add to our seasoned Team as we continue to build and grow our strong network of retail branches. Mason-McDuffie Mortgage was ranked in the top 100 Mortgage companies in the U.S., by Mortgage Daily and Mortgage Executive Magazine. Mason-McDuffie Mortgage was also ranked in the top 35 in the San Francisco Bay Area Top Workplaces by the Bay Area News Group. Click HERE for more information.
Note, there are 3-year, 10-year, and 30-year Treasury auctions next Tuesday, Wednesday and Thursday respectively, that will put supply pressure on rates.
Economic Indicator News Release Calendar for the weeks ahead
Week of April 08 – April 12
|
Date |
ET |
Release |
For |
Actual |
Consensus |
Prior |
| Apr 09 | 10:00 | Wholesale Inventories | Feb | 1.2% | ||
| Apr 10 | 07:00 | MBA Mortgage Index | 04/06 | -4.0% | ||
| Apr 10 | 10:30 | Crude Inventories | 04/06 | 2.707M | ||
| Apr 10 | 14:00 | Treasury Budget | Mar | -$198.2B | ||
| Apr 10 | 14:00 | FOMC Minutes | 3/20 | |||
| Apr 11 | 08:30 | Initial Claims | 04/06 | NA | ||
| Apr 11 | 08:30 | Continuing Claims | 03/30 | NA | ||
| Apr 11 | 08:30 | Export Prices ex-ag. | Mar | 0.6% | ||
| Apr 11 | 08:30 | Import Prices ex-oil | Mar | 0.0% | ||
| Apr 11 | 10:30 | Natural Gas Inventories | 04/06 | NA | ||
| Apr 12 | 08:30 | Retail Sales | Mar | 1.1% | ||
| Apr 12 | 08:30 | Retail Sales ex-auto | Mar | 1.0% | ||
| Apr 12 | 08:30 | PPI | Mar | 0.7% | ||
| Apr 12 | 08:30 | Core PPI | Mar | 0.2% | ||
| Apr 12 | 09:55 | Mich Sentiment | Apr | 78.6 | ||
| Apr 12 | 10:00 | Business Inventories | Feb | 1.0% |
“The last few weeks in December are traditionally a period marked by larger than usual price movements, due to thin trading volume. Usually the flow of news also winds down toward the end of the year. This year, however, there remain several major events which likely will have a significant impact on mortgage rates over the next few weeks, including a Fed meeting, the fiscal cliff talks, and deadlines on the Greek bailout. While there is no way to know what net effect these events will have on mortgage rates, it is reasonable to expect a high level of volatility.”
Mike Cook
Managing Director, National Accounts
Capital Markets Cooperative
Headline News and Market Report
“Bond Market News and Perspective for Mortgage Professionals”
Friday, November 16, 2012
Industrial production dropped 0.4% in October, an unexpected decline as superstorm Sandy knocked out power in the Northeast, and followed a revised 0.2% increase in September that was smaller than previously estimated. Capacity utilization decreased 0.4% to 77.8%, a rate 2.5 percentage points below its long-run (1972–2011) average. The Fed said the storm cut total production by almost 1 percentage point. Manufacturing, which makes up 75 percent of total production, slumped 0.9 percent last month, matching August as the biggest decrease since May 2009.
U.S. 10-Year Yields Touch 10-Week Low on Debt-Cut Talks
Foreign Buying of U.S. Assets Plunges on Europe Optimism International purchases of U.S. financial assets plunged 96 percent in September as confidence grew that Europe was beginning to solve its debt crisis and investors sold Treasuries following the Federal Reserve’s quantitative easing announcement.
Fed Push to Tie Zero-Rate to Economic Goals Faces Doubts
Economic Indicator News Release Calendar for the weeks ahead
Week of November 19 – November 23
| Date | ET | Release | For | Actual | Prior |
| Nov 19 | 10:00 | Existing Home Sales | Oct | 4.75 | |
| Nov 19 | 10:00 | NAHB Housing Market Index | Nov | 41 | |
| Nov 20 | 08:30 | Housing Starts | Oct | 872K | |
| Nov 20 | 08:30 | Building Permits | Oct | 894K | |
| Nov 21 | 07:00 | MBA Mortgage Index | 11/17 | 12.6% | |
| Nov 21 | 08:30 | Initial Claims | 11/17 | NA | |
| Nov 21 | 08:30 | Continuing Claims | 11/10 | NA | |
| Nov 21 | 09:55 | Michigan Sentiment – Final | Nov | 84.9 | |
| Nov 21 | 10:00 | Leading Indicators | Oct | 0.6% | |
| Nov 21 | 10:30 | Crude Inventories | 11/17 | NA |
Bill Godfrey
EVP Capital Markets
Right now rates are fantastic! Loan Rates are again nearing a record low. If you are thinking about refinancing your mortgage, here are some things to consider.
One benefit of a “Refi” is to simply reduce your monthly mortgage payment which allows you more spendable income. Depending on the loan amount and interest rate reduction, you could end up saving several hundred dollars per month.
Another benefit could be reducing the term of your loan from 30 years to a 20 or 15 year term. This can generate great savings for you when your payments stay the same but the loan will be paid off in half the time.
Another reason to consider a refinance is if you currently have a ARM (Adjustable Rate Mortgage) loan. A low rate environment can allow you to “Refi” into a fixed rate loan with little or no increase in payments and will not be subject to future market volatility.
Mason-McDuffie Mortgage believes that “Your Financial Security Begins at Home.” We can help you with any of your refinance questions and help you make the right decision for you and your family. Please visit us at www.mmcdcorp.com for more information.
Marilyn J. Richardson – President & CEO
Read the full article here – The U.S. housing industry — crucial to any jobs recovery — showed more signs of strength, according to two reports issued Wednesday.
Please, check out MMCD’s Builder Page
The Jim Black Team is fortunate to have teamed up with Mason-McDuffie Mortgage to continue to enhance the knowledge, programs and service they offer to the community for residential lending needs. Jim will manage our Oakland and Lafayette Branches.
Jim’s Bay Area clients, business associates, and co-workers respect his financial business background and drive for excellence, as he delivers the best customized short and long term construction and residential lending solutions with exceptional customer service.
In 2007, 2008, 2009 and 2011 Team Jim Black was recognized as the “Best Mortgage Broker/Banker” by Danville Weekly Readers. This is a local publication that reaches over 70,000 households a month with many affiliates and competitors in the market. The team was very excited to be one of 3 back to back winners in any of
the 80 categories.
Jim and his Team are focused on helping make a difference in their community and look forward to having the opportunity to show you what Team Jim Black can do for you!








