economy: Reminder: We're NOT in a Great Depression - 10/28/08 04:04 PM
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There is doom and gloom everywhere.
Let me be candid, we are living scary times.  I’m not refusing that.  However, we ARE NOT facing anything like The Great Depression.  I wish you’d get out of that line and realize that we’re in a different time.
Don’t believe me?  Here are the facts.
Unemployment is currently 6.1% (source: US Department of Labor).  I know, not sexy. Still….
During The Great Depression, unemployment peaked at 25%.  Wow!  Even towards the end of the 1930’s unemployment was about 15%.
Now, wouldn’t you agree that we … (0 comments)

economy: Mortgage Market Recap for the Week of October 20th 2008 - 10/28/08 04:01 PM
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Mortgage Rate and Market Recap for the Week of October 20th - 27th, 2008
Big News for Bonds As we’ve talked about in the past, mortgage rates are based directly off of mortgage backed securities.  These are much like stocks, being traded throughout the day.  This is also why mortgage rates change throughout the day.  If you’re curious what mortgage rates are going to do, it helps to be tuned into what mortgage backed securities are doing.
Last week PIMCO (the worlds largest bond fund) announced that they were raising their stake in mortgage … (0 comments)

economy: Emergency Fed Fund Cut of 3/4% - 02/03/08 06:06 AM
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Big news this morning!  The Fed announced a 3/4% CUT to the Fed Funds Rate reducing it to 3.5%.  The discount rate was also reduced .75% to 4%.  I personally suspect this was a move the react to the global stock-market sell off.   Look at the numbers across the world overnight:
Honk Kong was down 8.7% Australia was down over 7% Japan was down 5.7% Trading was HALTED in India after it fell 10% at open.Do you think the US was worried about a huge sell off?  Of course it was!  I think this … (3 comments)

 

Tyler Osby

Urbandale, IA

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The Tyler Osby Team at Fairway Independent Mortgage

Address: 8515 Douglas Ave, Suite 22, Urbandale, IA, 50322

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A blog updated daily educating you on how to do more with your money. Topics range from basic tips and tricks with personal finance to mortgage terms and market news.


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