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The Mortgage Consultant
Here is part three of careers in the financial industry. This should shed enough light on the job of a mortgage person so you can make an informed choice if you are looking for a career in this arena. Good luck and happy choosing.
Read →FDIC Chairman Sheila Bair went on YouTube and posted this video on the FDIC site discussing the health of the agency and the banking system. The video is posted below.
Read →This is for those who love the market and are thinking it would be great to gamble with other peoples money. Or something like that.
Read →Atlantic Coast Bank is offering a 24-Month CD that pays 2.4% APY. That's one of the best rates on the BestCashCow 24-month rate table.
Read →Rates on Certificate of Deposits ended their winning streak of the last three weeks with 3 year CD rates declining 1 basis point and 5 year CD rates declining 5 basis points. That's the largest drop we've seen in the 5-year CD rates since August. The 1-year rate rose 1 basis point. Let's hope this is a just a one-week decline and that next week rates will move up again.
Read →The NY Times had an interesting article that analyzed the performance of bonds versus stocks over the last 10 years and over other extended periods of time.
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Average 30-Year Mortgage Rate Rises Above 5%
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent with an average 0.7 point for the week ending October 22, 2009, up from last week when it averaged 4.92 percent. Last year at this time, the 30-year FRM averaged 6.04 percent. So mortgage interest rates are almost 100 basis points below what they were last year.
Read →Digging just a little bit deeper on the subject of bonds.
Read →By looking at the CPI-U from March to September 2009, we can now determine that Series I bonds will have a variable component from November 1, 2009 through April 30, 2010 of 3.07%.
Read →The Municipal Bond market is heating up with $11.3 billion in new issuance planned for the week. This comes on the heals of a correction in the municipal bond market that saw rates rise from near record lows and inversely, bond prices fall.
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