RECENT BLOG POSTS
It's been a fun week for mortgage rates. Here is the weekly news moving the market. Input is always appreciated. THE JOB MARKETCitigroup announce that it plans to cut 9,000 jobs in light of their recent mortgages losses. This on the heels of 4,200 job cuts in January. To add to what is becoming ...
04/18/2008
When I look all the fun filled news out there it is hard to keep a positive note on the market. Foreclosures are up, mortgage write downs are up, rates are all across the board, and the government bailout isn't really bailing anyone out. Where is the silver lining in the clouds? It's really simpl...
04/18/2008
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Saturday, April 26that the Tooele High School, the Tooele County Board of Realtors® is putting on a concert to benefit our homeless population in Tooele County. Although it may not seem it, we have a growing number of people in our community who have become homeless. The concert will start at 7:0...
04/17/2008
Thursday, April 17, 2008'It’s another less than stellar day with the bond market. Although first time claims beat expectations today, up 17,000 from last week, most have shrugged off the news and moved on to better things. To add to the dismal numbers, after Merril Lynch posted a new $6.5 Billion...
04/17/2008
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It's been almost 2 years since the collapse of the first mortgage company listed on the implode-o-meter. Own it Mortgage (one of the first big boys) failed a little over a year ago, touching off the "official" mortgage crises. With so many out of the picture today (Washington Mutual being the mo...
04/17/2008
Stocks are on a major rally today over earnings reports. Coca-Cola and Intel both reported better than expected earnings while JP Morgan's earnings declined by 50% (ONLY). With the JP earnings we see once again how the not so bad news can be turned into gold. The CPI (consumer price index) met ex...
04/17/2008