Real estate blog entries tagged with selling in the mortgage markets continued today until about 300 as wholesalers and originators race to get ahead of the increasing intere by John F Tuggle, Certified VA Expert Renovation Program Specialist (John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. )

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selling in the mortgage markets continued today until about 300 as wholesalers and originators race to get ahead of the increasing intere: Selling in the mortgage markets continued today (until about 3:00) as wholesalers and originators race to get ahead of the increasing interest rate markets - 05/28/09 02:33 PM

Selling in the mortgage markets continued today (until about 3:00) as wholesalers and originators race to get ahead of the increasing interest rate markets. It took two and a half months of rising 10 yr note rates, from 2.50% to 3.73% yesterday, while at the same time mortgage rates hardly increased. Yesterday someone turned on the light and realized that just because the Fed will buy a total of $1.25T of MBSs that would not be enough to counter the 125 basis point increase in the 10 yr note. That said, we are now looking for the 10 to retrace some … (1 comments)

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John F Tuggle

Certified VA Expert Renovation Program Specialist

Columbus, GA

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John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd.

Address: 5820 Veterans Parkway , Suite 309, Columbus, GA, 31904

Office: (706) 315-2365

Mobile: (706) 315-2365

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