Shatsy's Blog

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Mortgage and Lending - Academy Mortgage Corporation
RECENT BLOG POSTS
This has been a BIG week of economic news and events!  Yesterday we saw the Fed reduce the Fed Funds and Discount rates by a .25% each down to 2.00% and 2.25% respectively.   Remember, these rate drops directly affect HELOCs, auto loans, credit cards and short term rates...mortgage rates are dete...
05/01/2008
The Office of Federal Housing Enterprise Oversight released the new U.S. monthly House Price Index (HPI) estimates for time period between January and February today!  While the report didn't creep up and surprise anybody, other economic indicators for our state show that it is just a matter of t...
04/22/2008
My hope is to shed a little light on why mortgage rates go up/down and to better equip you to see through all of the smoke and form your own opinion as to "how mortgage rates are doing."Inflation (rising prices) is ARCH-ENEMY #1 to mortgage rates:Inflation UP = Mortgage Rates UPInflation DOWN = M...
04/15/2008
 If you haven't seen The Ultimate Gift yet, then rent it right away, and shame on you as a hard-working entrepreneur for not seeing it yet!  It reminded me that today's financial struggles with the elevated life style I brought on from the "good times" will NEVER, EVER impede my true happiness......
04/07/2008
The recent mass exodus from our industry has cleaned out a lot of the ineptness and left the rest of us with major opportunity.  With home prices falling back to earth, people continuing to move to our area, and the outlook for mortgage rates terrific...the near future is brighter!Economic indica...
04/04/2008
After watching Big Ben get drilled by a Congressional board which included Ron Paul and Edward Kennedy this morning, my main thought was, "When is increased regulation and increased assistance from Government entities too much?"The Fed's main responsibility is to not be the cause of economic down...
04/02/2008
Mortgage backed securities are trading sharply lower today because of growing optimism in the outlook for the major investment banks.  Many analysts are now speculating that we have now seen the worst of the credit crunch and will now improve going forward.  Lehman, UBS, and Deutsche Bank are rep...
04/01/2008
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Jeff Shatswell

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