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Mortgage and Lending - Amerifirst Financial, Inc.
RECENT BLOG POSTS
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Treasuries continue to rise as speculation Germany is preparing for a Greece default increases the worldwide demand for less risky assets.  A possible Greek default will only fuel the continuing votility in the market; 19 of the last 24 business days have posted triple digit moves in the Dow.  Ke...
09/12/2011
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President Barrack Obama's announcement of his 447 billion dollar job plan reduced demand for treasuries.  Moody's Corp. forecasts that passage of the entire package would add 2 percentage points to U.S. economic growth next year, while at the same time bringing treasury prices down.  The chances ...
09/09/2011
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Is the start of Football Season, yeah, best 5 months are now here... Obama and Bernanke will be addressing the nation tonight, discussing job creation and the economy.  Don't worry football fans, they realize the magnificent importance of the NFL's season opener, and will schedule their speeches ...
09/08/2011
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Federal Reserve policy makers are laying the groundwork for further action at this month's meeting, with the hope of avoiding long lasting stagnation in the U.S. job market.  The latest rumored Fed maneuver is to replace some of their short term securities with long term debt, in an effort to low...
09/08/2011
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Treasuries started the new month in similar fashion to August, easily outperforming stocks.  The unemployment rate remains at 9.1% nationwide, the same rate as last month, which does not show much evidence of a U.S. economic recovery from the latest recession.  Good luck to everyone.  Be safe and...
09/02/2011
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Treasuries sold off yesterday afternoon after semi-positive economic news, but are back up this morning due to a report showing that European manufacturing shrank more than initially predicted in August.  We will have a look at U.S. manufacturing this morning at 10; analyst are predicting slightl...
09/01/2011
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Treasuries rose before a report that economists said will show U.S. residential real estate prices dropped.  The S&P / Case Shiller index of home values in 20 U.S. cities fell 4.6% from June 2010, the biggest 12-month decrease in 19 months.  Analysts are predicting that the Consumer Confidence In...
08/30/2011
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Treasures and mortgage backed securities opened down this morning, then extended their drop following a higher than expected personal spending report.  Later this morning, the Pending Home Sales report is expected to show a drop month over month to -1 percent.  This will be an important week for ...
08/29/2011
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The biggest economic report next week will be the important Employment data on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Before the employment data, Pending Home Sales, Core PCE infl...
08/26/2011
It was another volatile week for mortgage rates. The primary factors influencing rates roughly offset each other, though, and mortgage rates ended the week just a little higher.   A wide range of economic news caused investors to either add or reduce risk at a rapid pace this week. News which gen...
08/26/2011
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Ryan P.McDonough

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smartphone(480) 206-6821
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