"Yesterday, Bond prices climbed to an important level of resistance at the Falling Trendline before being pushed back to the 25-Day Moving Average. These indicators are important because rates will not significantly improve unless prices can move above this ceiling.
In the news today, the ADP Report came in worse than expected--showing U.S. private firms shed 697,000 jobs in February. Adding to insult was a downward revision to January’s number, which erased another 90,000 jobs. Also today, the Obama administration released its Housing Rescue Plan designed to help responsible homeowners.
Currently, prices are in the midst of a trading range. Therefore, I recommend floating, but be prepared to lock if the situation changes."
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About The Utah Finance Guru!
- Cindee D. Stone
- Loan Officer Interview Q and A: How long have you been in the mortgage business? I have been in the mortgage industry for over 18 years. I have been very blessed and fortunate to have worked with so many wonderful people! How has the mortgage industry changed since you started, and what would you expect in the future? The mortgage industry and changed so much over the last few years. And, continues to change on a daily basis. It is very important to have a loan officer that has the experience to guide you through the process with success. What can borrowers do to insure a smooth mortgage underwriting process? The most common issue during the loan process is getting all of the documents from the borrowers. It is so different now and so much more is needed. This allows us to see the entire picture and make sure it all goes as smooth as possible. What provides you with the most satisfaction in your job as a Loan Officer? Even though the mortgage industry is harder these days, it will never take away the satisfaction and happiness with assisting someone getting into the home of their dreams! Or, helping a homeowner refinance and save money.
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