Doug Walker's (daveramsey) Blog

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Mortgage and Lending - Churchill Mortgage
RECENT BLOG POSTS
The bond market is sinking again this morning, sending mortgage rates up yet again. As you can see from the chart below, the bond has been on a downslide which has sent mortgage rates soaring up about .50% just in the last 13 days!  If you have clients that are refinancing and waiting for rates t...
11/18/2010
11/10/2010
The MomentDid you make a connection with the customer?On what level?          About what topic? What are they interested in?  What will help them in their Business?... Life?...Travels?  Customers rarely complain verbally about your lack of attention to their needs outside of their sales process. ...
09/03/2010
Where The Mind Leads, Your Actions Will Follow Have you ever said something and then wondered where that came from - you didn't really mean to say it?Or you take an action, almost without thinking, and then wonder why you did it?  Our thoughts dictate our actions.  Few of us would disagree, b...
07/12/2010
Goldman Brings Down Stocks, Interest Rates Improve.  (When the bond goes up, rates go down.) As you can see by the chart below the bond is currently surging higher, currently up +28 basis points.  This is going to help rates going into the weekend if we can hold on to those gains. The News Moving...
04/30/2010
Your Daily Rate Update Alert To Lock  (When the bond goes down, rates go up.) As you can see by the chart below the bond ended yesterday in the red, and today it has already lost 28 bps as of this post.  The news moving the bond today:  New Home Sales were great for March, 411,000 vs. 324,000 in ...
04/23/2010
Daily Rate Update Good Economic News = Bad For Mortgage Bonds  (When the bond goes down, rates go up.) This morning, the bond started off in negative territory, losing 12 basis points early on.  Then at mid morning the bond was at its highest levels testing the R1 resistance point you see in the ...
04/14/2010
New Range for Rates?  (When the bond goes up, rates go down.) This morning, the bond started off in negative territory, losing as much as 25 basis points early on.  Then, at midday, the bond was at its highest levels testing the resistance point you see in the chart.  This represents the 100.15 p...
04/09/2010
2010 Bargain Market For Home Buyers! In the April 6, 2010 issue of Forbes online magazine, the case is outlined for the great deal homebuyers can receive this year. (http://www.forbes.com/2010/04/05/housing-federal-reserve-mortgages-opinions-columnists-brian-wesbury-robert-stein.html?boxes=Homepa...
04/08/2010
Bonds are still way down, currently -38 bps.  When bonds are down, rates are up.  Rates have probably changed about .125% in cost from yesterday's close. 
04/01/2010
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Doug Walker

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