BP suspends dividend to fund $20 Billion cleanup and compensation fund; Energy prices drive wholesale inflation negative - Rate Lock Report for June 17, 2010 Yesterday, we received several economic reports, but there were other headlines driving mortgage rates too. Wholesale inflation, through th
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06/17/2010
Big Rise in Stocks Puts Pressure on Mortgage Rates; Inflation Data Coming this Morning - Rate Lock Report for June 16, 2010 Good morning, at least I hope it is! Unfortunately, if you took my advice yesterday on mortgage refinance rates, you're probably a little bit worse off today than you were y
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06/16/2010
Greek Debt Downgraded to Junk; Housing and Manufacturing Data Coming - June 15,2010 Rate Lock Report Good morning! Once again yesterday, financial markets opened significantly higher, only to close down. I wish I could say this is a new thing, but it is something that has been happening 2 or 3 ti
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06/15/2010
Volatile markets reward patience and perseverance - Mortgage rates end the week flat after being up .25% at one point One lesson I hope we've learned from the volatile markets we've experienced lately is patience. There have been a number of instances like last Thursday and Friday in which mortga
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06/14/2010
Daily Rate Update for Friday, June 11th from Province Mortgage Associates Part of my job is to send a daily email to the staff at my company detailing the condition of the mortgage market, and whether our originators should be locking rates, or if it is safe to float to another day. I've been doi
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06/11/2010
Financial market recap for the week of June 1 to June 4 This is a new feature I plan to continue posting each Monday. I was planning to wait until next week, but an email server outage forced my hand. I hope you find this information helpful! If I were looking for a word to recap what happened in
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06/07/2010
Over the 5 years I've been a member of the team at Province Mortgage Associates, the company has grown considerably. We started with 9 loan officers, and 3 support staff, and have more than doubled in that time. As of the beginning of April, I've taken on a new responsibility at Province emailing
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04/30/2010
In my last post, I suggested that there has been a substantial improvement in the safety of mortgage backed securities, from an investment perspective. In doing that, I looked at some factors affecting the market, and I was hit with a surprising realization: The market for Mortgage Backed Securit
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04/05/2010
Mortgage-Treasury Spread Hits New Lows - Are mortgages safer now? In mid-March, a number of articles were published suggesting that the end of the Federal Reserve's Mortgage Backed Security purchase program might drive mortgage rates somewhat higher, fairly quickly. The Fed had telegraphed this u
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04/05/2010
Financial Education Should Start in Elementary School - That's Why I'm Bowling for Junior Achievement! As you know from my previous post, education is a very important part of my life. Between the work I do as a mortgage advisor teaching clients about their credit and mortgage options, the work
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02/25/2010
