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Thought for the day with your Video Mortgage Market Update for Dec 29th

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Mortgage and Lending with Caliber Home Loans CHL NMLS# 15622 CHL NMLS# 15622
Hello Friends! Well it is supposed to be a quiet trading week with very few economic reports due out as well as a short trading week with a half day of trading on New Year's Eve Day and closed New Year's Day but already we are seeing some global activity effecting the markets. Tension and fighting has flared up between Palestine and Israel which caused oil prices to spike initially by a few dollars but has since retreated. Also, a possible merger that Dow Chemical was trying to work out lost financing and that deal fell apart today, causing stocks to go back into the red. Mortgages are looking great though, they have improved this morning, gaining back some of the losses from last week almost putting us back to best rates since President Nixon was in office. I still can't believe I am sending out docs for clients with a 30-yr fixed rate in the upper 4% range. As I pointed out in the video, John Maxwell had a great point today I read in his daily devotional. "Life is a journey, a process. Every day you must deliberately make the effort to take a few steps. Learn, grow, become better than you are today. The secret of your future is hidden in your daily routine!" Wow, how true is that! Please watch the video for more details! Be Blessed!
Richard Ives
Chicago, IL
Great qoute Travis. Very true. Happy New Year!
Dec 29, 2008 06:59 AM