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Mortgage Update: The Refinance Action Continues! - 10/23/2008
Good Afternoon, Continued action in the treasuries are causing a measurable and consistent slide in long term fixed rates. Since this market movement is not a result of any one event this week, we all have to wonder if it will continue or make a reversal to the trend we’ve seen in the past 2 months. We [...]
Continue reading...Mortgage Update: Will this crisis ever end? - 10/22/2008
22. October 2008
Good Afternoon, It feels as if this crisis will never end. Monday and Tuesday’s bond market has opened up considerably. Rates continue to drop due to economic uncertainty and recession fears in Asian and European Markets. Monday’s only economic data was September’s Leading Economic Indicators (LEI). This index attempts to measure future economic activity, particularly during the [...]
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23. October 2008
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