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BETH HOFFMAN
BROKER/OWNER

 

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Purchase Basics, Qualification, Loan Calculators (How much home can you buy?)


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Alternative Mortgage Sources is an independent loan brokerage owned and operated by Broker/Owner Beth Hoffman since 1986. Beth has earned a reputation for "demystifying the loan process" while delivering superior service to over 2,000 clients throughout the state of California.

We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending...from purchases to refinancing. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan — with the best rates, terms and costs — to meet our clients' unique needs. But that's just the beginning. Throughout the lending process, we provide regular loan updates and progress reports so clients always know the status of their loan.

And at Alternative Mortgage Sources, you not only have access to the best loans available in the marketplace, but you can review loan alternatives at your convenience, online, 24 hours a day — right here at AlternativeMortgageSources.com.

Licensed by the California Department of Real Estate
License number 00685309

                                                                                       

Bond Market Data:

Tuesday’s bond market has opened down slightly following a positive opening in stocks and no significant surprises in this morning’s major economic data. The stock markets are showing moderate gains with the Dow up 36 points and the Nasdaq up 17 points. The bond market is currently down 4/32, but I don’t believe we will see much of a change in this morning’s mortgage rates.

The Commerce Department reported early this morning that April's Retail Sales rose 0.1% when analysts were expecting a 0.2% increase. The reading that excludes more volatile auto sales also rose 0.1% compared to forecasts of 0.2%. Technically, the data is slightly favorable for bonds and mortgage rates because it consumers spent less than expected last month. However, the variance wasn’t enough to raise much concern in the stock markets or optimism in the bond market.

                                            Bond Market Data...

 

 

 

 

 

 

          

 

 

                                  
Today, history was made. President Barack Obama took an historic step as the first American president in office to recognize the importance of the freedom to marry for ALL couples.

He joins a majority of Americans who believe that everyone deserves the opportunity to create a loving, lasting and legal partnership — marriage — with the person they love, regardless of sexual orientation.

The President now affirms what PFLAG has said for 40 years: that there is power in sharing personal stories and that, when we do, hearts and minds can truly change as we realize our shared values of love and commitment. The President has sent an important message to LGBT people, their parents, families, friends, and allies: that they are accepted for all that they are, that their enduring, loving relationships are the same as all others.

For all of us who believe in the power of love and acceptance, the message the president sends to LGBT children is loud and clear: You are loved. You are accepted. You are equal.

We thank President Obama and welcome him to the PFLAG family.
        

 

In the News...

 
Fannie, Freddie charge borrowers for feds' tax

Congress' idea to launder a tax increase through Fannie Mae and Freddie Mac is already costing borrowers.
Just before Christmas break, lawmakers decided to pay for a two-month  extension of the payroll tax cut and federal unemployment benefits by  raising the guarantee fee that Fannie and Freddie charge on loans they  buy by at least 0.1 of a percentage point. The fee normally stays with  Fannie and Freddie (now majority-owned by taxpayers) to compensate them  for the risk they take on loans they buy and guarantee.  The extra 0.1 of a percentage point, however, will to be sent  directly to the U.S. Treasury to pay for the payroll tax cut and  unemployment benefits.

 

Read full article here...

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