Press Release

For further information:

Jay Sibley, Sibley Mortgage Group, 321-689-0089

Jay Sibley Earns Certified Mortgage Planning Specialist (CMPS) Designation

Orlando – Jay Sibley, a mortgage broker with Sibley Mortgage Group, has passed the qualifying exams to earn the Certified Mortgage Planning Specialist (CMPS®) designation granted by the CMPS Institute. The CMPS Institute is a national organization that certifies mortgage bankers and brokers to help borrowers choose the right mortgage strategies.

“CMPS certification helps me to compare loan options for borrowers in the context of their overall financial situation," says Jay Sibley, Sibley Mortgage Group. "This is especially important to homeowners and homebuyers in Florida because inventory levels are low and home buyers are prone to making quick decisions without thinking through all the implications".

The CMPS curriculum incorporates five essential skill sets including:

1. Mortgage & Real Estate Taxation - how and why to understand the tax implications of various mortgage strategies


2. Housing, Financial & Mortgage Markets - why interest rates fluctuate, and how to understand the housing, financial and mortgage markets


3. Cash Flow Planning - how to reduce debt, improve cash flow & compare your options in the context of retirement planning, college funding, elder care, and other important life events


4. Real Estate Investment Planning - how to reduce your risk, and compare the impact of various mortgage options on your rate of return
5. Ethics and Compliance - how to experience the highest level of professional care, competence and communication during the mortgage and home buying process

"Your mortgage is most likely your single largest debt, and your home is most likely your single largest asset," says Gibran Nicholas, Chairman of the CMPS Institute. "That's why mortgage planning should be conducted with a mortgage professional who is properly trained and certified."

Jay Sibley can be reached at jay@sibleymortgage.com, or call

321-689-0089.

For more information on the CMPS, please visit CMPS Institute's consumer web site at http://homeqb.com or call 888-608-9800.

Market Update

Friday, July 31, 2015

What's going on in the market?Month-end buying and technical factors seem to be driving mortgage bond prices up toward their 100-day moving average.  We've been warning of a potential decline from these lofty levels because the last two times bond prices traded at these levels, they quickly declined and mortgage rates went up by 0.25% within a week's time.  Like any child that defies the rules when given an opportunity, the market seems to be testing its limits. 

Why does it matter?When mortgage bond prices go down, mortgage pricing gets worse.  When mortgage bond prices go up, mortgage pricing improves.

What should you do about it?Enjoy the uptick in bond prices as the market tests its limits.  But be prepared to lock your rate quickly if the market changes directions... especially because bond prices are near the upper end of their recent trading range.