economic recovery: Market Update With Stunning Employment Figures! - 07/08/11 06:39 AM
Stunned!! The only way to describe what we saw at 8:30 when the BLS employment report was released, mouths dropped, words were hard to come by with one of the weakest monthly employment reports in over a year. Non-farm jobs, expected up 100K were up just 18K; private sector jobs expected up 125K, up just 57K. It wasn't just June data; May non-farm jobs were revised frm +54K to +29K and April jobs lower by 4K frm what what was originally released. The jobs were the weakest since Sept 2010. The unemployment rate, expected unchanged at 9.1%, increased to 9.2%, the highest since Dec … (0 comments)

economic recovery: Monday OutLook on the State of the Economy - 07/12/10 06:37 AM
According to Freddie Mac, 30-year mortgage rates hit a record low of 4.57% last week. In morenormal times, this would launch a flurry of refinance activity, but with current economic conditions,and tight underwriting standards, refinance activity ticked up only slightly. While some are beginningto worry about a double dip recession, the US economy is growing right now, and the fears areprobably unfounded at this point.This week, we'll get a bit more insight into the state of the economy with the release of Retail Salesdata and Industrial Production numbers. So far, the recovery has been lead by manufacturing, withhopes that consumers would … (1 comments)

economic recovery: Monday Morning Market UpDate - 07/05/10 09:27 AM
Mortgage rates moved downward again last week as the economic recovery showed further signs ofslowing. The respected ISM Manufacturing Index dropped last week. While the index does remainabove 50, which indicates that manufacturing is growing, the dip is another sign that themanufacturing-led recovery is losing some of its momentum. Also helping push mortgage ratesdownward last week was some increased investor appetite for mortgage-related investments. Formany analysts, this a positive sign for the housing market, as this may signal some returning faith inthe long-term strength of the US housing sector.
Last week ended with what may have appeared to be good news … (0 comments)

 
Roxy Redenbaugh, NMLS#269926 (Roxy Redenbaugh (Acceptance Capital Mortgage Corporation))

Roxy Redenbaugh

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Roxy Redenbaugh (Acceptance Capital Mortgage Corporation)

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