Some Good News For A Change! - 08/28/08 10:19 AM
I was amazed today to pull up the news online today and I found a lead story that was POSITIVE! 2nd Quarter Gross Domestic Product (GDP) was revised today and it showed that our economy had much better growth during the quarter than previously thought. GDP is the broadest measure of our economic activity and it stood at 3.3%. Growth between 2.5-3.5% is typically seen as healthy. This is way above expectations! This growth was helped in part by the economic stimulus that was pumped into the economy and by solid demand for U.S. Exports.It has also been mentioned that inflation … (0 comments)

Important Information If You Are Shopping Around! - 08/26/08 09:50 AM
If you are one someone who is in the market for a mortgage, you have come to the right place. Some people have a current relationship with a lender, some go by who their friends refer, and others shop around. It seems most people fall into the latter 2 categories. Checking around and getting a few recommendations seems to be the best way to do it. In today's market you want to find someone who has proven themselves time and time again. What better way to do this that check with past clients. For those that are avid shoppers, this post … (0 comments)

Saving Tips. Anyone Interested? - 08/21/08 10:35 AM
I wanted to take just a moment and shift gears a bit. We typically try to relay what is going on in today's market. Sometimes this means national news and sometimes it is local. I want to talk briefly and provide you with a link to a different type of story that I think is important. The topic is SAVING! As mortgage professionals we take many applications. One common thread with many applicants today is a bit disturbing. There are a lot of people out there with very little money put away for a rainy day. Very little cash in checking … (0 comments)

Future FED Action. Will it be good or bad for us? - 08/14/08 10:37 AM
I don't know how many times during the week we field calls from people checking on mortgage rates. Obviously this is the business we are in, but lately the callers are asking a few more questions. This is a good sign in that these consumers are following the market and our economy more closely than in the past. The more educated consumers that are out there the better! Now back to the questions. These typically circle around the topic of today's rates and how future changes in the economy will affect them. They are mostly referring to the FED and the … (0 comments)

FED Survey Says....Credit Is Tougher To Get. - 08/12/08 11:19 AM
The Federal Reserve reported the credit squeeze only got worse during the past 3 months and that most banks plan to stay very conservative for at least another year!So even after all of the massive cutbacks and changes that our industry as undergone over the past 2 years, either more changes seem to be on the way or at the very least we will continue with the current environment. This doesn't really come as a surprise, but nevertheless these are the results the survey produced.58% of Banks tightened lending standards for commercial and industrial loans to large and medium firms. 65% … (0 comments)

Exciting Time For Columbia On The Horizon! - 08/07/08 02:17 PM
I know, I know this title probably made you say "Yeah Right" if you are in the Real Estate/Mortgage Industry. However, it is an exciting time on some fronts. Which ones?Well summer is winding down and I would imagine most people are putting the finishing touches on their summer plans or vacations. I know I just got back from a quick trip that was long overdue! It is always refreshing to take a break! Another exciting topic is the fact that the highly ranked Missouri Tiger Football teams season is nearing! There is a lot of buzz floating around about this … (0 comments)

Does Your Broker Fight for You? - 08/05/08 04:10 PM
In today's volatile market changes are coming in bunches. It comes as no shocker that programs are being cut and underwriting guidelines are tightening! With this comes a very important point I would like to focus on. Does your broker or loan officer fight for you and your loan. I am not talking about trying to quote you a low rate to get the deal. This is after you have done your comparison shopping and picked your lender. If you don't know the answer to this, you should do your homework to find out if the lender you are working with … (2 comments)

 

Eric Hemmer

Columbia, MO

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Flat Branch Home Loans, Inc.

Address: 111 S Fifth St Ste 200, Columbia, MO, 65201

Office Phone: (573) 442-3850 x 209

Cell Phone: (573) 424-2169

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