Market Update - Lock or Float (October 31) - 10/31/07 11:30 AM
First of all, Happy Halloween, and I hope you all are getting treats (deals and closings) rather than tricks!! I have to say that I feel a lot more confident from yesterday floating my loans. Here's why:
The bonds opened in a negative territory (6/32 down) this morning due to the stronger than … (0 comments)
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Market Update - Lock or Float (October 31) - 10/31/07 11:28 AM
First of all, Happy Halloween, and I hope you all are getting treats (deals and closings) rather than tricks!! I have to say that I feel a lot more confident from yesterday floating my loans. Here's why:
The bonds opened in a negative territory (6/32 down) this morning due to the stronger than … (0 comments)
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Market Update - Lock or Float (October 30) - 10/30/07 10:56 AM
Welcome back, Folks! I apologize for not updating this over the past couple of days; I was in Central/Upstate New York visiting family! Anyway, here is the update for today!
Flat is the only explanation for the bond market today. Contrary to weak economic news releases and the early decreases in the … (1 comments)
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Market Update - Lock or Float (October 26) - 10/25/07 12:30 PM
First of all, I apologize for not getting the update out yesterday! I know that a lot of you are reading this, so here is today's:
The bonds opened a little flat even though we experienced relevant economic news yesterday with the existing home sales report. With regard to Wall Street, the Dow … (3 comments)
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Market Update - Lock or Float (October 23) - 10/23/07 11:41 AM
Ok, folks, I would definitely suggest locking all of your loans today if you haven't done so already! Here's the update:
Stocks are increasing a little which continues yesterday's recovery with the Dow up about 49 points, and the Nasdaq about 20 points up. Today, the bond market is a little stagnant … (1 comments)
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New Construction - 10/22/07 01:26 PM
I have been getting a lot of requests for New Construction financing. The clients have been telling me that they would have to get the lot first and finance the construction, then they would have to get permanent financing in place. I cannot tell you how relieved they were when I … (5 comments)
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Market Update - Lock or Float (October 22) - 10/22/07 11:28 AM
And onto this week, folks. Today's bond market is down a little (3/32) contrary to the stocks dropped more this morning. Currently, Dow is down 52 points and Nasdaq is ahead 2 points (for now). Basically, we are looking at similar rates to Friday.
There are no reports scheduled for publication today that would effect our … (2 comments)
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Market Update - Lock or Float (October 19) - 10/19/07 01:04 PM
Currently, the bond market is 23/32 up while the Dow is down 204 points and the Nasdaq is down 37 points. With this going on, we could definitely see a good amount of improvement in today's rates; most likely about .25 discount points in our favor.
No reports are scheduled for release … (1 comments)
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Market Update - Lock or Float (October 18) - 10/18/07 11:51 AM
The bond market opened in positive territory this morning which continued yesterday's activity. The Dow is down just over 33 points currently, and the Nasdaq is down approx. 10 points. Mortgage rates should improve today by about .25 discount points to possibly just over that....maybe 3/8's.
The Fed Beige Book was released … (0 comments)
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Market Update - Lock or Float (October 16) - 10/16/07 02:59 PM
As a summary, I would still recommend to float all loans that you plan on closing until the actual closing date for right now. Please keep reading for more!
Today's stock market is giong through yet another down period today while the bond market is slightly increasing. The Dow started out 91 … (0 comments)
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Family Update - 10/15/07 10:31 PM
I figured that I post enough Real Estate "stuff" that it's time to digress a little bit and really hit home. My son just turned 6 months old, and it's going by extremely fast! At his appointment he was weighed in at 20 lbs 5 ounces (97th percentile), and was 28 … (4 comments)
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Market Update - Lock or Float (October 15) - 10/15/07 01:26 PM
Big changes on the lock/float front today. So, tune in, and away we go:
Today started off a little slow with regard to the bond market even though the overall stock market had posted losses. The same can be said for the stock market as of right now; early weakness where the Dow … (0 comments)
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Market Update - Lock or Float (October 12) - 10/12/07 09:18 PM
The bond market opened in the negative after mixed economic news this morning. Stock rose slightly with the Dow up 52 and Nasdaq up 26 points. The bond is currently down 6/32, but because of yesterday's showing of strength, there will most likely be a minor improvement in mortgage rates today of approximately … (0 comments)
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Rehab Loans - something to know in today's market! - 10/12/07 07:06 PM
Let's paint the picture:
Imagine driving down a long country road in the suburbs of Connecticut. Trees are just changing color and starting to fall on the lawns; sort of like the first snowfall, but more colorful! You are passing immaculate Victorian and Colonial houses on your left and right, and all of … (11 comments)
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Construction to perm? Why bother?! - 10/11/07 10:49 PM
There are a lot of loan programs out there in today's market that are meant for buyers who are looking to construct thier own homes. The majority of these loan programs are separated into 2 stages: 1) the construction, and 2) the permanent financing. If they are separated into this, the … (5 comments)
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Market Update - Lock or Float (October 11) - 10/11/07 11:16 AM
Thursday's bond market has opened in negative territory following early stock market strength. The stock markets are showing gains with the Dow up 64 and the Nasdaq up 14 points. The bond market is currently down 9/32, which will likely push this morning's mortgage rates higher by approximately .125 of a … (1 comments)
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Realtor or FSBO, that is the question... - 10/10/07 04:56 PM
I have several clients every week who are looking to sell their current home and move into another. The most common question that I hear from them is:
Do you think we should list our house with a Realtor, or do you think we should list it ourselves?
Everyone wants to hear that … (4 comments)
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Market Update - Lock or Float (October 10) - 10/10/07 11:56 AM
Wednesday's bond market has opened down slightly despite stock weakness. The stock markets are showing sizable losses with the Dow down 82 and the Nasdaq nearly unchanged. The bond market is currently down 2/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point.There is … (2 comments)
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Seminar on October 14th - 10/09/07 09:26 PM
This is my final advisory for my upcoming Home Buyer Seminar on October 14th. Granted, there is one held every month, but this will be the first to explore an "inspection section".
This will be held at 970 North Colony Rd in Wallingford, CT 06492 at 2:00 until about 3:30 or so.
I … (1 comments)
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Market Update - Lock or Float (October 9th) - 10/09/07 09:05 PM
I apologize for this getting updated so late today! Hopefully you all still get some good information out of it!
Tuesday's bond market has opened slightly in positive territory as investors wait for today's Fed minutes. The stock markets are showing gains with the Dow up 32 points and the Nasdaq up 4 … (2 comments)
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Market Update - Lock or Float (October 8th)h - 10/08/07 08:26 PM
This week brings us four factual economic reports for the markets to digest. They are all scheduled for release Thursday and Friday, so the first part of the week will be left mostly up to the stock markets. In addition to the factual reports, we will also get the minutes from … (1 comments)
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WannaNetwork to unveil New Platform at NAR Convention - 10/05/07 10:56 PM
This article was just published today, and I think it's important for all of us to really read through this and find out what is going on in our networking worlds. I look forward to hearing your responses and comments!
http://www.prweb.com/releases/2007/10/prweb558645.htm
Here are some of the key features to the article:
WannaNetwork is partnering with … (0 comments)
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Market Update - Lock or Float (October 4) - 10/04/07 11:22 AM
Thursday's bond market has opened slightly in positive territory again following the release of weaker than expected manufacturing data. The stock markets are nearly flat with the Dow up 4 points and the Nasdaq up 3 points. The bond market is currently up 5/32, but we will likely still see a … (0 comments)
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Seminar - Final Update! - 10/03/07 10:03 PM
October 14th I am re-starting my monthly Home Buyer Seminar. I am encouraging Realtors to bring their clients to show them support in the current market, and it will also look good for the people who don't have Realtors yet (self-promotion via demonstration).
RSVP by October 10th, and seats are limited. If … (0 comments)
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Market Update - Lock or Float (October 2) - 10/03/07 09:47 AM
Wednesday's bond market has opened slightly in positive territory after the stock markets showed early weakness. The stock markets are posting losses with the Dow down 49 points and the Nasdaq down 12 points. The bond market is currently up 4/32, which with strength later yesterday should improve this morning's mortgage … (0 comments)
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New Platform Launch! - 10/02/07 10:57 PM
Hey everyone, I wanted to share another great networking website! Personally, I think AR is the greatest blogging platform out there in today's networking market!
In another arena, a forum driven platform is another great networking route. WannaNetwork.com has just that, and they are launching a new platform as of November! If … (11 comments)
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Market Update - Lock or Float (October 1) - 10/02/07 10:42 PM
This is a little late for this blog post, but it is a daily thing that I post, so I hope you all enjoy!
Tuesday's bond market has opened in positive territory as yesterday's buying seems to be carrying over to today. There was no relevant economic news scheduled for today, but … (0 comments)
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Market Update - Lock or Float (October 1) - 10/01/07 11:15 AM
....And reporting on time for the first time in a couple of days. Here is the market update for October 1st. The lock advisory hasn't changed - still locking for closings within 20 days.
Monday's bond market has opened in positive territory following a weaker than expected manufacturing related report. The stock … (4 comments)
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Market Preview (Week of October 1st) - 10/01/07 06:57 AM
Good morning everyone. Here is a brief intro to this week. The lock/float advice has changed slightly. I look forawrd to hearing from you all!
This week brings us the release of only three monthly economic reports for the bond market to digest. The first report of the week comes late tomorrow … (3 comments)
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