ARCHIVED BLOG POSTS
2011
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The long term financial benefits of buying are pretty clear to most people. You gain equity in your home, you have an asset rather than just giving money to your landlord each month. You also have free reign of your space to do with as you want, home improvement projects, painting, etc!
But ...
07/07/2011
Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you're currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report's release. Often, by a lot. More commonly called...
07/07/2011
Mortgage markets worsened last week as Wall Street's renewed optimism pushed equities to their best one-week gain in 2 years. The change in sentiment was bad news for rate shoppers, however, as investors pored into stocks at the expense of bonds. Last week, for the first time since February, mor...
07/06/2011
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The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There's never been a better time to lock an ARM. According to Freddie Mac's weekly Primary Mortgage Market Survey, homeowners who lock their mortgage rate today...
07/01/2011
Rainmaker
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Michael Haigh
Production Manager/Top Producing Sr. Loan Officer