Clint 's Blog

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Mortgage and Lending - Mortgage Network, Inc
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RECENT BLOG POSTS
I haven't posted anything in forever, it's been a good thing though that I've been so busy but it's also gotten me totally out of the habit. I'll do what I can not to let it slip from here on. We've got the jobs report coming out tomorrow morning at 8:30am so maybe, just maybe, we'll see rates co...
02/05/2009
Just a "food for thought" item for the end of my day.....   "There has never yet been a man in our history who has led a life of ease whose name is worth remembering." - President Theodore Roosevelt  
12/16/2008
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Well, it was every bit as significant as we all thought it would be. Earlier in the day a lot of "bond friendly news" had little to no impact on our benchmark FNMA 4.5% bond. Housing starts and building permits for November came in as the lowest ever recorded. Pimco, the world's largest bond fund...
12/16/2008
The December Fed meeting got underway yesterday and today at 2:15pm a public statement is expected. This could be a huge day and we all need to pay close attention to what the Fed does. Most Wall Street firms are expecting a rate cut of .5% while some are forecasting as much as .75%. Remember, th...
12/16/2008
The days are much shorter, the night air a little crisper, the smell of a fire, Christmas music piped into every grocery store and gas station you walk into, and Philly Fed President Charles Prosser confirming the Fed's expected move to purchase Fannie and Freddie Mortgage Bonds. Takes me right b...
12/02/2008
Supply and demand. Anyone who has ever even half way paid attention in economics or just half way paid attention to the world around you knows that supply and demand are the primary driving force in prices. Obviously breaking that down further gets into the advanced courses so to speak, but for t...
11/25/2008
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I've had that "a watched pot never boils" feeling lately with this looming market adjustment that I've been calling for. Well, wouldn't you know that today, the first day I've taken a little bit of a break from my O.C.D.-esque monitoring is the day that we're seeing my prediction sprout some legs...
11/12/2008
My grandfather used to say that all the time. I've started to think it makes more sense lately. I feel like a blind man trying to get a grip on this market. John Thain, CEO of Merrill Lynch, said that this current global economic landscape is more similar to the 1929 environment leading into the ...
11/11/2008
I can't believe I've slipped out of the habit of getting a post up here at least 3 times a week, if not more. I'm sure everyone has been alright without my boring, technical, analysis of what's going on. But, needless to say the last 2 weeks haven't been very quiet, that's for sure. We've had two...
11/06/2008
Considering the volatility and uncertainty we're up against and considering the doom and gloom that's unavoidable if you "have television" or "see newspapers" or "leave your home on occasion", let's look back to President Calvin Coolidge. Closed Mouth Cal has some of the greatest quotes in histor...
10/23/2008
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Clint Hammond

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In depth analysis of the mortgage market, the driving force behind mortgage rates.