Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 4.73%, down from last week’s 4.75% and 6.05% a year earlier. One-year Treasury-indexed ARMs were 4.78%, down from 4.8% last week and 5.22% last year.  To obtain the interest rates this low, the fixed rate home loans and the five-year ARM rate will cost about 0.6 point and the one-year ARM required an average 0.5 point.

A soft economy means investors buy U.S. Treasuries for their safety, which drags down their yields and indirectly leads to lower fixed mortgage rates. California borrowers with good credit today can get a 30-year conforming, VA, or FHA mortgage as low as 4.875% with 0.625-point fee, said Jeff Lazerson, head of online brokerage Mortgage Grader in Laguna Niguel. That’s for “conventional” loans up to $417,000 that can be sold to Fannie Mae or Freddie Mac.  In most cases, these mortgage loans carry the lowest rates on the mortgage market. “Interest rates are lower because putting lipstick on a pig only works until you take a closer look…it’s still a pig,” Lazerson said. “In other words, the government and the Wall Street gatekeepers have been hyping that the economy is getting better. It’s not getting better. Some say, California consumers aren’t spending because they are worried about their jobs, if they haven’t already lost their jobs.” 

They manage their own IVR telephone marketing system and voice broadcasting software that enables companies the ability to utilize phone blast campaigns that dial data and transfer hot live leads to sales reps who are ready to take the calls.

For more info on live transfer campaigns, please visit, Free Mortgage and Loan Modification Leads >.

Voice broadcasting leads are available from companies like the Experian and the Lead Planet.  The former mortgage broker runs a growing loan modification company and recently tested “Press 1” leads for foreclosure prevention. They advertise using the Voice Broadcasting method and it is a communication technique to reach more number of customers in a simple way. This is a fast and cost effective method and many of the lead generation companies have reported conversion rates in double digits. Black says that this lead generation system enables easy management for the loan modification leads. The voice broadcasting leads are available from companies like the Experian and the Lead Planet.  Read more at Live Transfer Leads Offer High Conversions When Voice Broadcasting.

The service creates loan modification packages with Web-based data entry that requires no re-keying of data. All documents are compliant with Fannie Mae, Freddie Mac and MERS requirements, Ellie Mae said. According to Ellie Mae, their service assesses the needs of the mortgage lender’s flow chart, accommodating detailed loan work-out plans while handling the recording, notary and compliance needs..

Mortgage, lead generator, Lead Planet, has noticed that many of their mortgage brokers are using Ellie Mae in conjuction with foreclosure prevention processing.  According to the Lead Planet National Sales Manager, Dan Ambrose, “Loan modification leads are being requested almost as often as FHA leads.  Ambrose continued, “At this rate, I would anticipate getting more request for loan modification leads than refinance leads in 2009.

According to the staff at Mortgage Lead Vault, “The growing base of homeowners who need quick relief is astonishing.”  With a high percentage of homeowners owing more than their home is worth, loan modifications and FHA home loans are the new waves for a refinance boom.  Mortgage Lead Vault and the marketing team at Lead Planet continue to refer modification business to each other to maximize sales opportunities while helping the economy minimize the foreclosure casulties.