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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
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
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
