Monthly Archives: June 2009

06/29/2009 – Mortgage Bonds Get Support

The over supply I have been speaking of below and on the news tab is now seeing some demand. I hope it’s enough to lower mortgage rates further. China was a big buyer of our mortgages and had lost faith … Continue reading

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06/25/2009

This week rates have been holding steady in light of the fact that the Treasury is selling off Treasury Bonds to create capital. This creates competition, as money that goes into the treasury market could have gone into bonds and … Continue reading

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New Tax Credit and Business 101

The Senate is pushing for a $15,000 tax credit for all homebuyers in lieu of the first time buyer credit currently in action. The new credit is planned to have no income restrictions. Out of the blue, 2-3 weeks ago … Continue reading

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