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In this week’s video blog we celebrate a huge milestone in Quicken Loans history – the closing of our one millonth loan!
The $72 billion of Treasury auctions this week have been weighing on the markets. The 10-year auction had a weaker bid to cover ratio which caused bonds to end down on the day yesterday. In economic news, jobless claims fell last week to the lowest level since July. Also, the total number of people collecting unemployment benefits fell to the lowest level since 11/08. The trade balance report showed that the trade deficit narrowed as a drop in the dollar pushed exports to the highest level in 2 years. Last, the Fed will release the schedule of its next round of treasury purchases at 2PM EST today.
Company started in 1985 now among nation’s five largest retail mortgage lenders Detroit, Mich. – Nov. 09, 2010 – Quicken Loans Inc., the nation’s largest [...]
Check out the three C’s that are guaranteed to make your Thanksgiving feast extra special!
U.S. Treasuries and mortgage bonds are relatively unchanged this morning from yesterday’s close. This afternoon, the Treasury will auction off $24 billion in 10-year notes, followed by $16 billion in 30-year bonds tomorrow. As expected, yesterday’s $32 billion three-year note auction attracted good demand.
Bonds are down as the market continues to digest the news of the Fed’s larger than expected QE2 stimulus plan. The sale of three-year notes begins today with 10-year notes on Tuesday and 30-year bonds on Wednesday. The Fed hopes that lowering the long-term costs for businesses and consumers will help boost the economy which is still facing an unemployment rate of 9.6%.
You can be the perfect pet parent without breaking the bank! A long-time multiple pet owner (and notorious penny pincher) shares her secrets…
It was expected that non-farm payrolls were going to rebound from the dip experienced in September. Estimates were that non-farm payrolls grew by 60,000 last month. The actual number showed growth of 151,000, while the unemployment rate remained unchanged at 9.6%, as expected. This is applying minimal pressure to bonds as the figures may not be strong enough to prevent yields from falling further.
Did you know that refinancing could be a great way for you to save for the holidays? Read more about this and other holiday saving tips!