rates: Treasuries Rise as Investors Predict Slower U.S. Growth - 06/12/07 07:11 PM
Well it's about time!
Looks like we can all take a breather today...thank goodness after what happened to rates yesterday!!
U.S. Treasuries rebounded as some Asian investors said benchmark yields at a five-year high are attractive given the outlook for a slowdown in U.S. economic growth and inflation.
Consumer spending, which accounts for more than two-thirds of the economy, will grow at a 2.2 percent annual rate this quarter, about half the pace of the previous six months, according to the median estimate of economists surveyed earlier this month by Bloomberg News.
Any gains in Treasuries may be limited by stop-loss orders as … (3 comments)

rates: New HUD Income Limits for My Community Mortgages. - 06/12/07 07:05 PM
The National Association of REALTORS recently reported that nearly one half of all first time homebuyers financed 100% of the purchase price of their home.
Are you getting this business?
Are you using the My Community Program?
 
my 100% My Community Program.
  
DU Approved or Manual Underwriting w/ alternative Credit.
Loan Limit - $417,000.00
 
Income Limitations:  $69,800 - Chicago MSA; $58,600 - Rockford MSA.
 
My Community Program income limitations do not apply if subject property is in "Fannie Neighbors" neighborhoods.  Approximately 70% of all properties in the "City of Chicago" are in areas that the income restriction of $69,800 is waived! 
(12 comments)

rates: U.S. Treasuries Decline as Investors Abandon Rate-Cut Forecasts - 06/11/07 03:20 AM
U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boosted their year-end estimate for the central bank's target rate or the 10-year note's yield after the Labor Department reported the economy added more jobs than forecast in May. Yields on 10-year notes exceed two-year securities by 15 basis points, the most since May 2006.
It just keeps getting worse and worse!!
(2 comments)

rates: U.S. Treasuries Decline as Investors Abandon Rate-Cut Forecasts - 06/11/07 03:19 AM
U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boosted their year-end estimate for the central bank's target rate or the 10-year note's yield after the Labor Department reported the economy added more jobs than forecast in May. Yields on 10-year notes exceed two-year securities by 15 basis points, the most since May 2006.
It just keeps getting worse and worse!!
(0 comments)

 

Kris Krajecki

Mortgage Broker Huntley, IL

Huntley, IL

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Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL

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