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Yearly Archives: 2010
I Believe in Santa and Other Stuff Too
December 21, 2010 – 9:22 am
‘Tis the season of believing, Mortgage Fans! Besides the economy, here is my list of the Top 11 things I believe in right now:
1. Opinions are great because there is no right or wrong, but I believe if you don’t believe there is a higher power, life on other
It’s not easy being green
December 6, 2010 – 8:43 am
Interest rates rose almost a half a point last week due to some weak treasury auctions (read: foreign banks are cooling to our debt which is not good for rates). Two ginormous reports come out…
Is QE2 DOA?
November 18, 2010 – 6:50 am
We’ve got a Situation going on and it ain’t good. The Fed announced for QE2 that it would buy $600 billion worth of bonds to help keep rates down. To do this they have to print money which causes inflation and devalues the dollar…
How low can rates and Mindy Beck go?
November 11, 2010 – 8:01 am
I recently saw an economist speak (I was having trouble sleeping) who said he can see 30-year fixed rates falling into the mid-3s. While I think this may be a stretch it’s certainly not impossible..
The weight on the Fed’s shoulders weighs more than my change jar
November 4, 2010 – 6:18 am
The biggest report that will sway rates comes out today at 1:15 CST when the Fed Meeting adjourns. This is a two day meeting where Ben Bernanke gets together with the other twelve members of the Federal Open Market Committee to discuss monetary policy. I can’t even imagine the level of boredom in that room…
Lower Rates, Lower Weights, and Mini-Golf Make the World Go ‘Round
October 27, 2010 – 7:32 am
We’ve got three big reports coming out this week. Today’s Durable Goods Orders (this is a demand for big ticket items that are kept for more than three years, i.e. refrigerators, bathtubs, the air-hockey table my wife bought that she refuses to admit was a mistake…
A penny for your Marshall, bucks, and dollars!
October 20, 2010 – 7:45 am
An AP report came out last week that said 30yr fixed rates were at 4.19%. What was false about that report? It failed to mention that rate was obtainable by paying full closing costs and points! What was true about that report? The 4.19% is…
Rates are dropping like Slinkys!
October 13, 2010 – 8:10 am
The most important economic reports coming out this week all center around inflation: Thursday October 14th – PPI (producer price index), Friday October 15th – CPI (consumer price index), and CSI (crime scene investigation). If they show inflation under control the rates will…
Do you want Mel Gibson as your broker? Do you, *!*#* ???
October 6, 2010 – 8:29 am
. Just remember no two rates are alike. Comparing your 30yr fixed to your neighbor’s 30yr fixed would be like comparing Lucky Charms to Cheerios because when establishing rates the banks factor in so many different things, i.e…
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