• Characterized by bright colors, woven fabrics and handcrafted pieces, southwestern-style decorating takes influences from Native American, Spanish and Mexican art. Whether you live out west and want your home to reflect your surroundings, or you simply want to incorporate colorful or handmade items into your existing decor, here are some tips to help you...

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  • A new phenomenon is affecting the mortgage and real estate industries. People who bought a home or refinanced in the last few years have such a ridiculously low mortgage rate that they don’t want to move and have to accept a new mortgage with a higher rate. But the reality is that these people...

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  • This post is for all the gardeners out there! This time of year, we’re excited about combining our love of gardens with our love of prize giveaways. Whether you’re new to the gardening game or have years of experience in the backyard, this contest is for you.

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Market Update – Unemployment Rate Remains Unchanged Despite Job Growth

Market Update – Unemployment Rate Remains Unchanged Despite Job Growth

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.

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Market Update – Mortgage Bonds Up After Fed Announcement

Market Update – Mortgage Bonds Up After Fed Announcement

Mortgage bonds are up this morning after yesterday’s announcement that the Fed will commit to increase its balance sheet by $600 billion versus expectations of $500 billion. The initial claims figure for the previous week was expected to be 442,000 (an increase of 8,000) but the actual number increased more than expected to 457,000. Now that the QE2 announcement has come and gone, the market will shift its focus to the release of the October jobs report tomorrow.

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Market Update – FOMC Announcement Expected to Address QE2

Market Update – FOMC Announcement Expected to Address QE2

Mortgage bonds are up again this morning on the expectation that the FOMC announcement will include details of a second round of quantitative easing (QE2). The consensus is that the amount of the easing will be about $500+ billion in Treasury purchases. In other economic news, the ADP employment change report came in higher than expected, showing an increase by 43,000. The non-manufacturing ISM report is expected to be relatively flat month over month at 53.5.

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Market Update – Weekly Outlook

Market Update – Weekly Outlook

This week’s economic calendar will be dominated by 3 big events: mid-term elections on Tuesday which are expect to result in numerous seats changing hands in both the Senate & House, the end of the 2-day FOMC meeting on Wednesday which may include an announcement for a 2nd round of quantitative easing, and the October employment report due out on Friday.

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