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recession: Nicole's Week in Review. Plus, Where Rates are Headed! - 10/12/09 03:59 PM

The bond market is closed today for Columbus Day, but ended last week leaving a sour taste in our mouth.  Mortgage rates averaged well the entire week, then went up approximately .25% on Friday alone. 
Could this mean mortgage rates are beginning to increase after enjoying months of historic lows?  Perhaps, however the general sentiment is rates will continue their small fluctuations in the short-term, followed by a precipitous increase approximately 1-2 years from now.  I know what you're thinking, "Nicole, why are you so smart?" Well, I largely attribute that to my early childhood Montessori education...what? That wasn't what … (1 comments)

recession: Nicole's Week in Review - 09/28/09 09:58 AM

Mortgage Rates
Rates ended nearly unchanged for the week, but the biggest news last week was the Fed signaled higher mortgage rates are in the near future.
The low mortgage rates we've enjoyed were due in large part to the Fed's purchase of Mortgage-Backed Securities (MBS) on the secondary market -- a 1.2T purchase commitment spread evenly over the last year. Speculation that the Fed would continue to purchase MBS was squashed last week when the Fed gave a definitive "no", and instead said their current commitment would continue through first quarter 2010 through a "weaning" off of the program.
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recession: Nicole's Week in Review - 03/16/09 10:25 PM

Last week's big news was the rally stocks enjoyed -- the largest in 2009. Wall Street certainly liked hearing Citigroup state it wouldn't need anymore capital injections, and Bernanke stating our recession could be over by end-of-year if the banking system can be stabilized.  He also made it abundantly clear that major institutions would not be allowed to fail.
The consequences of our recessionary spending loomed its ugly head again as China expressed its concern over the safety of the U.S. assets it holds. Bernanke has attempted to quell these inflationary fears by stating the U.S. has an "exit strategy" … (1 comments)

 
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Nicole Lahti, Austin Texas Mortgage

Austin, TX

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United Lending

Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759

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