Another good start for interest rates this morning as mortgage backed securities are doing better.  Interest rates should improve from closing yesterday.  This is due to a couple of things.  One of them being the news from Case Shiller that home values fell twice as fast as expected in September than August.  The other is from investors looking for bargains in the bond market as worries overseas have put pressure on the stock market.  The DOW is currently down about 60 pts.  Oil is down close to 70 cents a barrel.  Consumer confidence due out shortly.  Have a great day!! 

 
Posted by Ashley Hales - Mortgage Banker on 11/30/2010 10:01 AM   Comments (0)   Interest Rate News in the ActiveRain Channel  
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11/29 Market Close
11/29/2010
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We finished off the day about where we started after taking a ride down and then back up. Mortgage backed securities had a good day as stated in this mornings update. Interest rates did improve. The DOW finished the day down 39 points after being… more
11/29 Rate Update
11/29/2010
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Good start this morning for interest rates but not for the stock market. Mortgage backed securities are up big as worries about the Korean crisis as well as EU (European Union) debt has investors running toward bonds. Interest rates have improved… more
11/24 Rate Update
11/24/2010
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We are not off to a good start this morning as initial jobless claims were well below expectations. We were expecting around 440K in claims, the actual figure was 407K. Mortgage backed securities are taking a hit as the result. Durable orders were… more
11/23 Market Close
11/23/2010
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Somewhat volatile day today. Mortgage backed securities started the day off well and rates improved from closing yesterday. However, the auction results on the 5 year notes did not go well, and with the release of the FOMC minutes (nothing really… more
11/23 Rate Update
11/23/2010
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Another good start this morning for interest rates as the situation in Korea has caused some concern and some investors have left the market. Interest rates should improve from close yesterday showing signs of what could be a rally. The DOW is… more
11/22 Rate Update
11/22/2010
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Good start to this morning thus far. Mortgage backed securities are doing very well so interest rates should improve from close on Friday. With no economic reports due out today the only rate mover would be the 2 yr note auction results due out… more
11/19 Rate Update
11/19/2010
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Sorry for the delay. Mortgage backed securities are down slightly this morning but not enough to move interest rates. There is plenty of time left in the day for the roller coaster to start again so we will see how things shake out. Looks like… more
11/18 Rate Update
11/18/2010
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Not a good morning thus far for interest rates. Initial jobless claims came in 2K higher than last week which usually would help interest rates move lower. Not enough this morning as sellers are out in full force again today. So where does this end?… more
11/17 Rate Update
11/17/2010
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Rally continues as interest rates look to improve from close yesterday. Mortgage backed securities are up quite a bit this morning on the news that CPI came in around expectations. Housing starts came in at 519K much worse than the 600K that was… more
 
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Ashley Hales - Mortgage Banker

Wilmington, NC

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Resource Financial Services, Inc.

Address: 1442 Military Cutoff Rd. Ste. 30, Wilmington, NC, 28403

Office Phone: (910) 509-0300

Cell Phone: (910) 228-9545

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