A little interest rate tip for those considering whether to refinance or deciding whether to lock in their rate... The New York Federal Reserve, yesterday, reported that it purchased 21.7 billion dollars worth of MBS (mortgage backed securities) from April 9 through April 15. The purchases were
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04/17/2009
The State of California and Los Angeles County took another big hit today when the Los Angeles Board of Education voted to lay off as many as 5400 teachers and support personnel for the upcoming school year. This is another blow to the educational system in the LA area. LAUSD employees proteste
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04/14/2009
The 4.0% mortgage bond was higher for the second day in a row. This is great for mortgage rates (driving them down). The bond gained 28 basis points to close at $100.19. Poor retail sales, low producer inflation and the FED purchasing a larger portion of Treasuries were responsible for the ris
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04/14/2009
The Los Angeles County Sheriff's Department has again instituted the Gifts for Guns program and is asking for local residents to safely surrender any firearms. This program, as in recent years, hopes to reduce the number of firearms in the community, which could potentially be stolen or used in c
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04/13/2009
