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Mortgage backed securities (MBS) closed down 6 basis points at 101.62 having bounced off support offered at the 101.47 level and briefly popped through resistance at the 101.75 level. This represents the fourth consecutive sell-off for MBS bonds on a Saturday earlier. With the volatility we witnessed earlier this week, however, a 6 basis point decline was merely a drop the bucket. The Japanese candlestick charting shows that after each of the last series of sell-offs, bonds have rallied back and brought rates back down to 3.505 or better. Can they do it again.?
One of my associates has listed this home in Harbour Park and it will be available next week. It features 4 bedrooms 2.5 baths, Master Suite down and loft gameroom area up, family room and both formals down, super clean! Freshly painted and the owner just replaced the carpet, detached garage $179,999.
I am not sure why the subject of this post popped into my head as I was wondering what to write about this morning. Perhaps it had to do with a conversation I had yesterday with a past client whose home I sold last year. She called me to tell me about her lawsuit she had instigated against some tenants that really messed up a rental home she owned. She got to court with what I thought was a pretty good case only to have it thrown out by the judge, not sure why. My past client said, well, what goes … (2 comments)
According to Zillow's most recent Rent v Buy survey in more than 60% of the real estate markets across the country it's cheaper to buy a home than to rent a comparable one.
Weather forecasters are predicting another busy Atlantic hurricane season. For the six-month hurricane season, which begins June 1, NOAA’s Atlantic Hurricane Season Outlook says there is a 70 percent likelihood of 13 to 20 named storms (winds of 39 mph or higher), of which 7 to 11 could become hurricanes (winds of 74 mph or higher), including 3 to 6 major hurricanes (Category 3, 4 or 5; winds of 111 mph or higher). These ranges are well above the seasonal average of 12 named storms, 6 hurricanes and 3 major hurricanes.
I just was checking for questions in the ActiveRain Group "Ask an Ambassador" for questions I needed to answer (I do this on Fridays) and I found one and it gave me an idea for my post today.
Ocala's Final Honor Flight How appropriate as we approach Memorial Day that volunteers and supporters organize a trip to Washington DC's WWII memorial for what is often called The Greatest Generation. It is so sad that for many of these heros Ocala's last flight may be their last flight. 
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The gas pedal on the stock market has been almost to the floor in recent weeks as the indices have been hitting record highs almost daily. The foot came off the accelerator on Wednesday when the Federal Open Market Committee Minutes were released. In the minutes, it shows that more and more of the Fed board members are starting to consider when the government is going to step back from their bond buying program because the economy is improving at a faster pace than anticipated.
Purchasing a home can be overwhelming for some. From house hunting, to the paperwork, the down payment, and even to the point where you are moving into your new home there is a lot do. Make sure you are prepared for what to expect during the home buying process.
It finally happened. Rates jumped and are not likely to go back down. If you stood on the dock and waited for the next boat....you missed it. 
Mortgage applications down, rates rise.
If you live in a RURAL community like I do. . . then you know everyone. And if you know several people that offer one service, it is nice if you can spread the business around. After all, you don't want to hurt anyone's feelings or make them insecure by wondering why you don't use them. Small town dynamics are always interesting. It is hard to please everyone, but as long as you think things through with reason and care - then whatever the outcome - you've done all you could.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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