Mortgage Newsletter- January 7th,, 2013 Dana Bain Premiere Mortgage 978-422-2311
By Dana Bain
(Premiere Mortgage Services Inc.)
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-January 7th, 2013 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: firstname.lastname@example.org Market CommentMortgage bond prices finished the week sharply lower pushing rates higher.The market was negative early last week in reaction to the deal that was struck to avert the “fiscal cliff.”Many analysts view the deal as a stop-gap solution and point to the fact that spending cuts were delayed for 2 months and debt ceiling limits still loom. Higher than expected weekly jobless claims gave a temporary reprieve to the negative trend early Thursday morning but that was...