Clint 's Blog

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Mortgage and Lending - Mortgage Network, Inc
Mortgage financing as an integral tool for wealth creation and ensuring your family's financial well being.

ARCHIVED BLOG POSTS

2008 

Just a "food for thought" item for the end of my day.....   "There has never yet been a man in our history who has led a life of ease whose name is worth remembering." - President Theodore Roosevelt  
12/16/2008
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Well, it was every bit as significant as we all thought it would be. Earlier in the day a lot of "bond friendly news" had little to no impact on our benchmark FNMA 4.5% bond. Housing starts and building permits for November came in as the lowest ever recorded. Pimco, the world's lar...
12/16/2008
The December Fed meeting got underway yesterday and today at 2:15pm a public statement is expected. This could be a huge day and we all need to pay close attention to what the Fed does. Most Wall Street firms are expecting a rate cut of .5% while some are forecasting as much as .75%. Remember, th...
12/16/2008
The days are much shorter, the night air a little crisper, the smell of a fire, Christmas music piped into every grocery store and gas station you walk into, and Philly Fed President Charles Prosser confirming the Fed's expected move to purchase Fannie and Freddie Mortgage Bonds. Takes me rig...
12/02/2008
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Clint Hammond

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