Lending and everything Midwest - Larry's blog

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Mortgage and Lending - Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - NMLS ID# 158606
Designed as an open forum that just allows people to talk about anything pertinent. Not politically correct...just facts, fun, advice, expertise and opinions expressed here.

ARCHIVED BLOG POSTS

2008 

Part I  -  Banter I've grown to have a few good friends over my 6+ months on AR...  I have written and spoken to a few on more than one occasion as well.  I have a high degree of sincerity and passion in my life for all that I do.  I came from a family of 5 kids.  4 boys and 1 girl.  We were comp...
01/31/2008
Well....as expected the fed made it's move today.  It met today at 2:15 eastern time and announced that the Fed was cutting the fed rate.  Analysts have been split as to how much of a fed cut it would do.  Many thought the the cut was to be 50 bps or fifty basis points or .50.  Others thought 75 ...
01/31/2008
The Federal Reserve conformed with median expectations, cutting the Fed Funds and Discount rates 50bp on Wednesday, just over a week since its surprise 75bp cut. In addition, the Fed stoked expectations for further easing by noting that "downside risks to growth remain" and that the Fed would "ac...
01/31/2008
Yields rose again on Tuesday with most spots on the Treasury curve rising 8-9bp in calm, orderly trading as the market awaited today's FOMC meeting. December durable goods came in much stronger than expected, rising 5.2%. The S&P/Case-Shiller US Composite Home Price Index, which measures housing ...
01/30/2008
The way of the words.  Aren't politicians the best at saying a lot and saying nothing.  Now, maybe I'll run for politics one day and suffer a similar fate.  I ran for the equivalent of being our mayor about 5 years ago.  I lost.  Thankfully so.  I was bummed, but only for about a day or two.  I s...
01/29/2008
One of my great friends, Ken Webster, or Sir Kenneth to the common man, called me today to B.S. and talk about life, love (married people having babies), and our economic stimulus.  After sharing with me a brief overview, I told Ken that I'd love to hear his rant and rave.  He said...funny you sh...
01/29/2008
Hey Mr. Needy consumer.  I know that I'm a qualified professional who has spent years serving all types.  I'm married and have 5 kids.  I really need to support them and so I really need the business you know.  I really like you and all, but I for the most part, tolerate people like you because y...
01/28/2008
Today's Market CommentaryYields fell 15bp across the curve on Friday as stocks resumed their plunge following two straight days of gains. For the week, stocks ended higher, thanks to the monetary and fiscal stimulus expectations, and bond prices ended a bit higher. Bond yields and stock prices en...
01/28/2008
I've got it...it's been going great.  I've been cranking away on AR all year making AR a part of my daily disciplines.  Friday, I was hopping on AR to catch up with comments and post, but my motherboard crashed.  For the non computer geeks like me who don't know what the heck a motherboard, I jus...
01/27/2008
Significant action is being taken by the federal government to stabilize the housing market - Hot off the press from our industry cooperative partners   As part of the economic stimulus package being negotiated by House Democrats and the Treasury Department, Fannie and Freddie loan limits will in...
01/25/2008
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Larry Bettag

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