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market: Foreigh Exchange Rates vs. Mortgage Rates - 06/25/07 03:38 PM
If you've ever looked over my REI profile page thouroughly, you've noticed that I do a small bit of day trading. That trading is in the currency markets called FOREX (Foreign Exchange). I usually have two laptops in front of me all day long. One is of my forex market positions and the other is where I do my mortgage work. There has been a lot of action this week on both fronts. The fun thing is, they seem to be related. That's not much a surprise, but it's been fun to see exactly how closely they do shadow one another. … (2 comments)
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market: Listen....Do You Want to Know a Secret? - 06/13/07 12:35 PM
I'm not gonna go on and on here and I'm not going to take out a magnifying glass and wax eloquent on the intricacies of mortgage backed securities. I just want to give you all a little corner of the information that mortgage people like myself use to help forecast the future of our markets. I'm going to work through this deductively and from a very general perspective. So please resist the urge to nit pick me to death if you know of exceptions to what I'm saying.
1) More people buy and refinance houses when rates are low. (I think we can … (0 comments)
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market: So many Foreclosures......Who's to Blame? - 05/05/07 11:32 AM
In the aftermath of the recent storm of foreclosures, I've heard and read a lot of people sharing their thoughts on who is responsible and what caused the problems, how to fix the problem, how not to fix the problem, etc. More often than not, it's lenders and adjustable rate mortgages that take the brunt of the blame. And, certainly, in many cases, that is absolutely the case. But, I want to introduce a new perspective to the mix. Though I agree that 30yr loans are best, and that there ARE "slick" and "greedy" lenders out there, it's important to … (3 comments)
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Abe Loper
Lynchburg,
VA
More about me…
Abe Loper
Address: Lynchburg, VA, 24504
Cell Phone: (312) 933-4159
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