Capital City Financial Corporation
Your First Rate Mortgage Company
Capital City Financial Corporation proudly serves the Rhode Island, Massachusetts, and Connecticut communites. A strong and genuine belief in the "customer for life" principal of doing business is what fuels this company. Referrals from previous customers, real estate professionals, accountants, financial, planners and attorneys have always delivered the majority of the Company's customers.
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| Loan Program |
Rate |
Points |
APR |
| 30 year |
4.500 |
1.990 |
4.725 |
| 20 year |
4.500 |
1.990 |
4.810 |
| 15 year |
3.990 |
1.990 |
4.380 |
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What's New at Capital City Financial Corporation?
The $8,000 Tax Credit to First Time Home Buyers has been Extended!
The deadline for the $8,000 tax credit for first time home buyers has been extended. Qualified buyers who sign binding sales contracts by April 30, 2010 and close by June 30, 2010 may be eligible for the credit.
It has also been extended to higher-income buyers. Now couples who purchase a home after November 6th can claim the tax credit if their adjusted gross income is 225,000 or less.
There are Now New Tax Credits for Current Homeowners Purchasing Another Home!
Now you don't have to be a first time home buyer to benefit from the American Recovery and Reinvestment Act of 2009. Anyone who has owned a home for five consecutive years in the last eight years can now qualify for a tax credit of up to $6,500. In order to qualify for the credit you must purchase another home after November 6, 2009 and before May 1, 2010. The new house must be the buyer's principle residence.
To learn more about this great offer contact Capital City Financial Corporation or visit www.irs.gov/recovery.
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 Mortgage News Daily
MBS CLOSE: Uneventful End To Uneventful Day - 2 hours ago
Posted To: MBS CommentaryThough MBS were not quite as thinly traded as treasuries (lowest volume since the first trading day of 2010), the picture wasn't much better. At least that which is at risk on low volume days--volatility due to the trading that actually happens comprising a larger portion of the total--was not present. Quite the opposite in fact, as the the same trend that began to emerge early this afternoon remained intact through the close. In MBS, the 101-07 to 101-10 range covered almost everything since 1030 AM. That's a quiet, boring day. I move a lower trendline down to 3.57 on the 10yr yield to show that we're going out today at an even lower yield level than Friday. So don't let the entire day of slightly worse readings fool you... The net effect for both markets was FLAT. And in the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Housing Needs Job Creation. What Sort of Jobs Though? - 2 hours ago
Posted To: Voice of HousingMr. O’Reilly (December 01, 2009) claims that the “new” root cause of the housing crisis is the (lack of) “jobs, jobs, jobs.” So the solution to the crisis must be (the creation of) “jobs, jobs, jobs.” I agree. But the next question is this: What sort of jobs? Consider a proposal for two, complementary jobs programs. The first is called the “Litter Scattering Brigades.” Workers are paid to strew trash along the nation’s highways. The second jobs program is called the “Litter Gathering Brigades.” Workers are paid to collect the trash strewn on the nation’s highways. The workers of the Scattering Brigade have jobs, and thus can afford a home. The workers of the Gathering Brigade have jobs, and thus can afford a home...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Centralized Lock Desks Serve as a Gate Keeper. Source of Revenue - 3 hours ago
Posted To: The Garrett Watts ReportThis was the half time scene in Miami last night at Super Bowl XLIV... I am sure many watchers were thinking: Why The Who? Maybe some of us in our 60s and 70s need to be “put out to pasture” or start “whittling wood” on the front porch. However, as a boomer, I was inspired to see these guys still rocking and rolling. I enjoyed the music and hope they keep playing. Peter Townsend will go down as one of most brilliant musical writers of all time. That’s enough about The Who and dating myself. Lets’ talk about secondary market and locking loans. One of the areas we review during our FOCIS-plus Studies is whether a company has a centralized lock process. Centralizing the lock function means all lock requests and confirmations are managed by a “gate keeper”...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS AFTERNOON: Narrow And Stable Heading Into The Close - 3 hours ago
Posted To: MBS CommentaryThe market is duller than a Colts victory parade at the moment. We're dealing with a fairly standard issue "calm before the storm" that we often see on a data-limited Monday when the rest of the week contains the more significant events. The supportive trends we began to note in the last post have continued to foster a narrow range of prices with almost perfectly flat directional movement. In other words, the simple existence of a "narrow range" doesn't always mean prices aren't moving. We can see narrow ranges while still moving DIRECTIONALLY. For instance, even on a 16 tick rally, if the subsequent highs and lows are only a tick or two higher than their previous marks, the line on the chart would be fairly smooth yet still be very much higher at the end of...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS LUNCH: Well Off Friday's Highs, But Holding Ground - 5 hours ago
Posted To: MBS CommentaryAs AQ pointed out this morning, today's slightly downward trend in MBS price began in the final hours of Friday's trading. Both MBS and Treasuries put in their best marks of the day just before 2pm, and have moved steadily downward ever since. You may notice, however, that both markets appear to be losing that negative steam near current levels. For Treasuries, that looks to be around 3.60 and for MBS, around 101-08. At the moment, the Fannie 4.5 is a tick higher than that at 101-09, but is still 5 ticks lower from Friday's closing prices. All that being said, the more important trends to watch pertain to the generally supportive range for MBS that emerged even before Friday's boomy rally. AQ pointed this out as well, and it remains pertinent at the moment. You can see on Thursday...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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