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Mortgage Market Update

click for larger imageThe rate markets are under pressure again this morning. The recent spike in interest rates adds more confirmation to our forecasts that the lows in the interest rates markets are now in place and rates are unlikely to fall to new lows. The recent stampede to the safety of US treasuries became excessive; the run down in rates was mostly in treasuries but mortgage rates benefited as the outlook for the US economy hit new lows in July and August. A lot of concern the US economy would double dip and fall back into text book recession sent investors, both domestic and foreign, to the safety of bonds.  There just isn't much room left for improvement, but a lot of room for rate to go up.  I would Strongly advise capitalzing while you can.

Want to know more on how the Mortgage Market directly effects mortgage rates or need an explanation of the candlestick chart above? Send us an email and we'll gladly provide an in depth article.  Realtors, ask about a detailed presentation on the Mortgage Market at your next office meeting.

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Entries in realtor (5)

Sunday
Mar072010

Geraldine Kriegbaum ~ Coldwell Banker

DateSunday, March 7, 2010 at 5:27PM

"I have known Pamela Crim for over 5 years, and must say is a shining example of what a great mortgage lender should be.  I can always count on her immediate response to clients, follow through and preparedness.  If there is ever an issue to be dealt with, she's right on it. She's always been able to meet our closing dates and most of the time closes them early! She's constantly keeping me, and all parties involved in the loop.  I have always had very smooth dealings with her, and she has made each sale very pleasant at a time when most people are at their highest stress.  I would refer her to any of my closest friends, family and clients without thinking twice."

AuthorPamela Crim | Comments Off |
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Thursday
Oct222009

Patrick Tuttle - RE/MAX

DateThursday, October 22, 2009 at 10:54AM

Patrick TuttleI gave Pamela a file on Tuesday morning and she closed it by noon on Friday of the same week. I know when I give her a client to call, she will call the same day, then she follows up every conversation with an email carbon copied to all parties to keep everyone updated. Pamela's service is unmatched in El Paso.

AuthorLonnie | Comments Off |
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Tuesday
Oct202009

Shannon Jernigan - Skye Brokerage

DateTuesday, October 20, 2009 at 8:57PM

I have known Pamela for more than 5 years.  I have never been disappointed in her results.  She is the most dedicated, conscientious person I have ever met.  She goes the extra mile for the client to get the loan closed in a timely manner.  I highly recommend Pamela Crim for all of your mortgage needs.  She keeps all parties informed of the ongoing progress.  You will never feel left out of the loop whether you are the seller or buyer.  If you want the job completed on time, I urge you to use Pamela Crim every time.

Shannon Jernigan

AuthorLonnie | Comments Off |
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Sunday
Oct182009

Barry & Tammy Karch - Prudential BKB Realty

DateSunday, October 18, 2009 at 9:00PM

Barry & Tammy KarchWe always enjoy working with Pamela because we know her service is first rate and she has a very caring attitude towards all of our clients.  Also, her follow-up, feedback, and status updates are the best I have ever seen.  She keeps everyone very well informed - buyers, sellers, Realtors, and title company.
Barry & Tammy Karch

AuthorLonnie | Comments Off |
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Friday
Oct162009

Bruce Evans - Winton Homes

DateFriday, October 16, 2009 at 9:15PM

Pamela Crim is a true professional.  Working with her has always been a First Class experience.  She is very knowledgeable, very prompt and she will make your home buying experience a positive one."

Bruce Evans

 

AuthorLonnie | Comments Off |
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