The hard selloff in Treasuries which started last Thursday spilled over into this week, with the 10-year Treasury planting a final daily value of 5.26% on Tuesday. However, this seemed to be the height of the rout, and by Friday, that benchmark yield had settled back to 5.17%. For the moment, an
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06/20/2007
A Reason To Stay In Front Of Your Past Clients Staying in front of past clients is vital to a loan officer's and Realtors success. I'm always on the prowl for ideas and new ways to help you accomplish that objective. A common pitfall to avoid when marketing to your client base each month is send
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06/20/2007
Mortgage rates leapt higher again in the biggest one-week move up or down in two years, according to the nation's leading surveyor of mortgage prices. The 21-basis-point jump in the thirty year fixed rate mortgage (FRM) put the average rate at 6.86%, the highest average since July 2006. Five-one
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06/19/2007
How much stronger the second quarter will ultimately be won't be revealed until the end of July, and even that will be only a preliminary estimate. Some early forecasts point to present levels of growth near "potential" for the economy, somewhere around 3% GDP. In light of how little slack in res
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06/18/2007
Are you asking for referrals at the right time? Studies show that 90% of referrals come in the first 6 months after the close of the transaction. And yet, most loan officers and Realtors don't actively seek them. Asking for referrals is one of the most efficient and effective business development
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06/18/2007
When the word "Sub-Prime" is mentioned, many loan officers think of low 500 credit scores or 580 100% loans from last year. Sub-Prime can offer you SO MUCH MORE to help you capture additional business. As a loan officer, knowing the options available to help serve your clients is KEY. Make sure
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06/16/2007
A survey from the Federal Reserve last week found that 56% of Mortgage Banks have tightened standards. The BIGGER question is what can YOU do, as a loan officer, to keep yourself prepared in this changing market? The answer is to know your options. Especially once I approve someone on a product
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06/16/2007
Lending Tree announced a 20% cut of its workers nationwide...I found myself amazed this Monday morning as I read thru a dozen mortgage related headlines. The media frenzy continues to focus in on the Sub-Prime melt down, as new news develops. Not only are Lenders continuing to announce cut backs
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06/15/2007
How much stronger the second quarter will ultimately be won't be revealed until the end of July, and even that will be only a preliminary estimate. Some early forecasts point to present levels of growth near "potential" for the economy, somewhere around 3% GDP. In light of how little slack in res
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06/14/2007
Did You Know?I read a recent university market survey that stated 87% of your past customers care more about relationship with you, than about the price they paid.Staying in front of past clients is key to growing your business year after year. As part of my goal, I believe in sharing marketing i
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06/14/2007
