Industry News and Rate Update

Today's dose of news on the luxury housing market:

Some Realtors in the area have taken the upscale, VIP approach to holding open houses. I think its a great tactic for differentiating oneself in this tight market.

A new investment vehicle will soon be available to those who are bullish on mortgage backed securities.

Today's sample approval: $525,000.00 purchase. 742 FICO, 20% down payment. Qualified for a 5.5% 30 year fixed mortgage, with 1/2 point origination fee.

Have any questions? Looking to apply for an FHA or jumbo mortgage in Washington DC, Virginia, Maryland, or Florida? Just email me or reach me on Twitter and I'll be in touch.