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Market update for the week of July 30th - 07/30/07 06:55 AM
There are several important reports scheduled for release this week that are likely to affect mortgage pricing. The first important release scheduled for the week is June's Personal Income and Outlays data Tuesday morning, which brings us three pieces of data. The Income & Spending report helps us measure consumer ability to spend and current spending habits. If it shows sizable increases, bond selling could lead to higher mortgage rates. Current forecasts are calling for an increase of 0.5% in income and an increase of 0.1% in spending.The second report of the day is the 2nd Quarter Employment Cost Index (ECI) … (0 comments)
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Is our life going to the dogs...Cats..Pet Friendly could earn you some$$$ - 07/27/07 07:28 PM
Realty agents promote themselves as `pet friendly'
By MARY UMBERGER
Chicago Tribune
In today's real estate market, going to the dogs is not necessarily a bad thing.
Linda Lamb, in fact, is sure it's a smart thing. The South Side Chicago real estate agent plasters pictures of Esau, her Great Dane, on her business cards and brochures. And recently she joined the Pet Realty Network, a new affinity group she hopes will attract clients.
Lamb is one of a handful of Chicago agents who have joined the fledgling online group, which promotes its members as "pet friendly" to help them stand out in an increasingly crowded … (4 comments)
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Attitude Tune Up - Commit to WIN - 07/26/07 01:28 PM
Attitude Tune-Up
from Keith Harrell - 7.23.07 Commit to Win
Ask most people what they want in life personally and professionally and they're quick to rattle off a laundry list of items: a high-paying job, a healthy family, a nice car, time off for leisure activities...you get the idea. Most people have lots of goals and wants-the challenge is in actually attaining them. Success in any part of life begins by connecting-to others, to goals, to ideas, etc. In fact, the ability to connect is so vital that the word "connect" is actually an acronym that can represent your blueprint for creating … (1 comments)
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Rate Lock Recommendation for the week of July 22 - 07/23/07 06:26 AM
This week will be interesting for the bond market and mortgage rates. There are six economic reports scheduled for the financial and mortgage markets to digest, with all coming the middle or latter part of the week. In addition, one of the reports is considered to be of extremely high importance to the financial and mortgage markets. This makes it quite possible that mortgage rates will show noticeable movement again this week.The Federal Reserve will release its Beige Book report Wednesday afternoon. This report is named simply after the color of its cover, but it is considered to be important to … (0 comments)
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Why You Should Not Wait to Purchase a Home! - 07/22/07 09:07 PM
Even if you could "time the market," that strategy would most benefit first-time buyers.
You see, people who already have a home usually need to sell it in order to come up with the down payment for their next home. Even if they don't, they would have to carry the debt and obligations on two homes at the same time. This can create financial hardship, even when you rent out the previous home. There are maintenance costs, renters don't always make their payments on time, the rent may not cover the mortgage and other costs, and sometimes the property may be vacant.
So … (2 comments)
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Market update for the week of July 16th - 07/16/07 07:55 AM
This week brings us the release of five important economic reports for the bond market to digest. Several of these reports are considered to be of high importance, meaning we will likely see volatility in the financial markets and mortgage pricing over the next several days. There are also plenty of corporate earnings releases scheduled for the stock markets this week along with the minutes from the last FOMC meeting. Throw in a couple of days of Fed testimony and we have the makings for a very interesting week.The first piece of data comes Tuesday morning with the release of June's … (1 comments)
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Motgage Update for the week of July 9,2007 - 07/09/07 12:02 PM
This week brings us the release of only three economic reports for the bond market to digest. It also is the beginning of corporate earnings season. Those quarterly earnings reports can lead to significant volatility in the stock market, which could influence bond trading and mortgage rates.The first piece of data is May's Goods and Services Trade Balance report early Thursday morning, which measures the size of the U.S. trade deficit. This data is not considered to be of high importance to the bond market and will not likely have an impact on mortgage rates. However, if it does vary greatly … (0 comments)
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Market UpDate for the week of July 1st - 07/02/07 06:52 AM
This week brings us the release of very few economic reports for the markets to digest. There are only three monthly reports scheduled for release that are likely to affect mortgage rates, but one of them is arguably the most influential single piece of data that we see each month. This is a shortened trading week with the markets closed Wednesday and an early bond market close Tuesday in observance of the Independence Day holiday. The first of the week's three reports is of fairly high importance to the bond market. The Institute of Supply Management (ISM) will release their manufacturing … (1 comments)
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Don Grimes
Don Grimes
Okemos,
MI
More about me…
Michigan Mutual Mortgage
Address: 4572 S. Hagadorn Road, Suite 3-C, East Lansing, MI, 48823
Office Phone: (517) 507-0151
Cell Phone: (517) 927-8110
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