ARCHIVED BLOG POSTS

2010 

Mortgage bonds are once again under pressure this morning.  This time, it is due to a better than expected Initial Jobless Claims report.  For the week ending September 4, the initial jobless claims fell to 451,000.  This is down 27,000 from 478,000.  The reading is also considerably lower than t...
09/09/2010
Volatility in the market continues throughout today.  The market opened with stocks moving higher while mortgage bonds gave back most of the gains from yesterday afternoon.  This comes after a successful debt offering in Portugal which has help calm some of the fear surrounding the European debt...
09/08/2010
After last week losses, mortgage bonds got off to a good start this morning.  There is renewed concern regarding the European debt crisis.  Yesterday, the Federal Association of German Banks said that after the recent stress tests, the country's 10 biggest banks might need as much as 105 billion ...
09/07/2010
With Monday being Labor Day, there will be a short work week ahead.  There will be very few financial reports released. Wednesday - 10:30 am - Crude Inventories Wednesday - 2:00 pm - Beige Book Thursday - 8:30 am - Jobless Claims (Initial) Thursday - 8:30 am - Balance of Trade   Mortgage rates di...
09/06/2010
Publix announces the launching of its new Publix Curbside service.   This service debuts at the Toco Hills location in Atlanta, GA.  Publix Curbside will also be launching in Tampa, FL soon. "How does it work? Just click on your location below to shop online at your convenience. Our easy-to-use s...
09/05/2010
      On September 1, 2010, HUD announced that it will adjust its FHA Mortgage Insurance Premium effective October 4, 2010.  These changes are outlined in Mortgagee Letter 2010-28       Effective for all case numbers ordered on or after October 4, 2010:   Up front MI will decrease from 2.25% dow...
09/05/2010
The next time you are in Historic Downtown Savannah, be sure to visit Mabel Francis Potter's Cupcake Emporium.  There, you can find a variety of cupcakes, cookies, and other treasures.  Located in the heart of the Downtown Historic District, they are on E State St near the corner of Bull St.  You...
09/04/2010
Friday morning saw the release of the Jobs Report.  In August, 54,000 jobs were reported lost.  This is far better than the consensus estimates of 120,000.  This includes the elimination of about 114,000 temporary census workers.  For the private sector, this mean that around 67,000 new jobs were...
09/03/2010
Thursday continues to be another bad day for mortgage bonds and mortgage interest rates.  The Initial Jobs Claims report was released this morning.  Claims fell by 6,000 to 472,000.  This is slightly better than the expected 475,000.  This has given some optimism heading into tomorrow's Nonfarm p...
09/02/2010
Thanks to Dee for this one.  Take a look at the FDIC's latest attempt to educate consumers about potential mortgage scams.  If it sounds too good to be true, then it usually is.        Have you heard about this?  Esteemed Lending Services is a fictitious company on the internet there to educate p...
09/01/2010
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Rodney Mason, VP of Mtg Lending

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