Mortgage rates are going higher again today with the big drop in expected job losses. Even though the unemployment rate jumped to 9.4% in today's number the much smaller number of job's lost (345,000)compared to expectations. The average loss over the last 6 months has been over 600,000. This
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06/05/2009
In this market with guidelines changing so rapidly I wanted to advise of something I found valuable. I recently was asked the questionabout in a divorce situation where one spouse is buying out another is it can it be considered a rate/term refi vs a cash out? This is important because the maxim
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06/05/2009
I was speaking to one of my clients I locked in on the Saturday of Memorial day weekend and let her know rates had gone up .75% in rate since she locked and that it was a great move for her to lock in. I was shocked that she didn't realize! She was soooo happy, but that isn't the point. The ta
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06/04/2009
I must say that the data out yesterday regarding pending home sales being up 6.7% month over month was a great surprise! When I saw the headline I stopped what I was doing to click on the link to so if I wasn't dreaming. I wasn't. The article also noted that year of year we were up as well! I
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06/03/2009
I am really surprised at all the money companies (mainly banks) are able to raise right now. The stock market is absorbing all this supply without a problem when just 3 months ago they couldn't raise a dime without government backing. It doesn't seem possible. Fear and Greed. Before it was fe
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06/02/2009
There was some news last week about ability to do your mobile banking and use our bill pay option on your Iphone and Ipod touch devices. Just go to the Apple Itunes web site and download the application. Now that the blackberry, iphone and ipod touch have this service we are moving away from th
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06/01/2009
