updates: Market Update - Lock or Float (November 8) - 11/08/07 11:23 AM
Ok, so I am going to be extending my lock recommendation from anything within 60 days to anything with a 90 day period; lock those loans.  Here is why:
The bond market this morning opened slightly higher at +9/32 while Ben Bernanke didn't help the stock market out with his testimony to Congress' economic … (5 comments)

updates: Market Update - Lock or Float (November 7) - 11/07/07 12:27 PM
Well, folks, hopefully you tuned in to my blog on Friday or Monday where I suggested to lock your rates.  Here is what is going on in today's market:
The bond market opened this morning up 3/32 with the stocks down (Dow by 135 and Nasdaq by 30).  Because of this, you … (0 comments)

updates: Market Update - Lock or Float (November 6) - 11/06/07 02:27 PM
Ladies and Gentlefolk, please keep reading as I have a new updated status on whether you should lock or float today!  This suggestion might cause some controversy:
The bond market were negative this morning (11/32 down) after stocks had an early rise (Dow up 50 points while Nasdaq up 3 points).  You are probably … (1 comments)

updates: Market Update - Lock or Float (November 5) - 11/05/07 11:12 AM
Alright, folks, I hope we are prepared for the slow economic week since it was a lively roller coaster ride last week!  If you haven't already looked at my weekly preview, please do that so you aren't missing that information.
But, here is what is going on currently:
The bond market is a little … (0 comments)

updates: 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)

updates: 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)

updates: 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)

updates: What if the Fed doesn't lower the rate? - 09/17/07 08:43 PM
I have been writing about tomorrow's much anticipated Federal Reserve meeting for the past week or so, and am about ready to move on to another (more positive) topic.  So, that being said, we're going to assume that the Federal Reserve decide not to discount the rate tomorrow.
Now, before you go … (3 comments)

updates: Hmmm...Good news for once? - 09/11/07 08:57 PM
So, here is today's market update for September 11, 2007.  First of all, though, my thoughts and prayers go out to everyone who suffered in this tragedy 6 years ago!
The market was still alive and well today within Wall Street as stocks increased 180.54 to end the day at 1.38% higher.  … (2 comments)

 
Loan Officer: Andrew Scherer - Reverse Mortgages (NRMLA) (Eagle Nationwide Mortgage)
Andrew Scherer - Reverse Mortgages (NRMLA)
Meriden, CT
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