SDMortgagefinder's Blog

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Mortgage and Lending - Franklin Advantage Inc. - NMLS Lic. # 343946
RECENT BLOG POSTS
Forum Last Week's report was not posted due to a family emergency.  My apologies. This weeks news kept mortgage rates bobbing back and forth most of the week with various releases of economic activity and market reports.  Below is a synopsis of this week's activity including Fridays announcement ...
04/24/2010
Forum Forgive me; last week report was not completed due to the Good Friday Holiday.  Below is this week's report and analysis of key economic news effecting our business: Rates rose most of the week over various pieces of economic news, and the Treasury Auctions which need to attract investors t...
04/09/2010
Forum For week's now, the financial markets have been gearing up for the Federal Reserves withdrawal from the Mortgage Backed Securities (MBS) market by purchasing MBS's to keep rates lower.  Many have speculated either way as to how this will take the direction of mortgage rates in the future. W...
03/31/2010
Forum Disclaimer: My goal is to ensure that the Realtor community is kept abreast of current market analysis.  While I haven't received any complaints, the news is not always positive towards our industry.  Rates are still near historic lows, so I always emphasize that with clients and hope that ...
03/26/2010
Forum Yesterday I posted what I considered an important piece on the Congressional hearings by the Financial Services Committee.  Basically, the blog had to do with the potential changes being considered for Fannie Mae, and Freddie Mac. Please refer to yesterday's blog if you wish. Today, Mortgag...
03/24/2010
Forum For those borrowers trying to eek out an 1/8th better in rate, today tossed a huge bucket of cold water on them with today's market news and more notably the government's Treasury Auctions. According to Mortgage Daily News, rates went from 2010 Lows to 2010 Highs all in one day.  Most of us...
03/24/2010
Forum Legislators and members of the Treasury Department today held the first of hearing on how to reform the sometimes called GSE's more commonly known as Fannie Mae and Freddie Mac. While I am not educated enough at this point about this issue, I do know that reform is going to effect what happ...
03/23/2010
Forum This week was filled with economic data and announcements throughout most of the week.  Below is an abbreviated recap of most of this week's important news effecting our industry and rates: Monday's Industrial Production numbers did little to effect the market and showed a a small 0.1% rise...
03/19/2010
Forum I usually only do a market update once a week, but today's announcement by the Fed warrants an update. The Federal Reserve agreed to maintain low rates for the foreseeable future.  Their pledge to keep the  federal funds rate target for overnight loans between banks in a range of zero to 0....
03/16/2010
Forum This week's economic news was some somewhat lackluster this week with very little reports coming out during the week that would have any or much effect on interest rates.  I believe as I indicated in last week's report that most of the week had little coming out except for today.  The week ...
03/12/2010
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Wayne L.Brown

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