Another good start for interest rates this morning as mortgage backed securities are doing better. Interest rates should improve from closing yesterday. This is due to a couple of things. One of them being the news from Case Shiller that home values fell twice as fast as expected in September than August. The other is from investors looking for bargains in the bond market as worries overseas have put pressure on the stock market. The DOW is currently down about 60 pts. Oil is down close to 70 cents a barrel. Consumer confidence due out shortly. Have a great day!!
We finished off the day about where we started after taking a ride down and then back up. Mortgage backed securities had a good day as stated in this mornings update. Interest rates did improve. The DOW finished the day down 39 points after being down over 150 points early. Closing at 11,052. Oil finished the day up $1.97 a barrel to close at $85.73. Tomorrow we will be watching consumer confidence report due out in the morning. Have a great evening!!
Good start this morning for interest rates but not for the stock market. Mortgage backed securities are up big as worries about the Korean crisis as well as EU (European Union) debt has investors running toward bonds. Interest rates have improved from close on Friday. The DOW is currently down 144pts. Oil is up about 90 cents a barrel. Today will be slow as far as economic reports. Reports will pick up later this week Wed through Friday. Have a great day!!
We are not off to a good start this morning as initial jobless claims were well below expectations. We were expecting around 440K in claims, the actual figure was 407K. Mortgage backed securities are taking a hit as the result. Durable orders were not good. Coming in at -3.3% vs the expected -0.3% but not enough to offset the pressure on bonds. The DOW is currently up 90 pts in trading on the news of the claims. We are still expecting reports on consumer sentiment, personal income & spending as well as core PCE. Expect interest rates to tick up from close yesterday. Have a great day!!
Somewhat volatile day today. Mortgage backed securities started the day off well and rates improved from closing yesterday. However, the auction results on the 5 year notes did not go well, and with the release of the FOMC minutes (nothing really newsworthy) bond yields headed back up, increasing rates after lunch. The DOW finished the day down 142pts to finish the day at 11,036. Oil was down 49 cents a barrel and closed at $81.25. Tomorrow will be a busy day ahead of the Thanksgiving holiday. Reports due out on initial jobless claims, durable orders, consumer sentiment, and more. Have a great evening!!
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A full service mortgage bank specializing in residential lending, insurance and risk management. Home of the On-Time Closing Guarantee.
Welcome to Resource Financial Services, home of The Ashley Hales Team. If you're looking for a fast, dependable, on-time mortgage, you're at the right place. Our team is attentative. Our products are innovative. Our service is high-speed. We will find you a perfect-fit mortgage. And we will make sure you close on time with accurate paperwork.
Our main advantage is that we are a direct lender. This means that unlike many other mortgage bankers, we control the process from origination through closing. The result? We guarantee an on-time closing with no unexpected detours along wth way.
With The Ashley Hales Team you are more than a file in someone's drawer. You are a top priority client. We will be by your side from your first phone call until you walk away a happy homeowner.
Yes, lending is our business but satisfaction is our pledge.
We specialize in the following mortgages:
"Ashley contributed a tremendous amount of value and knowledge when we needed it the most. He has always closed our properties not only for me and my family but my investors as well. I continuously work with Ashley as he is always accurate, efficient, upfront and honest. In today's economy there is no time for mistakes or questionable integrity, therefore he is always the man for the job!" - Brian McCorkle
"Ashley has gone above and beyond in the dealings we've had together. As a Realtor it is comforting to know that the mortgage expert is just that, an expert. When the ball was dropped by a third party along the way in a deal we were working together, Ashley took the initiative and did whattever it took to get the deal done. It was done right, with honesty and integrity. I am extremely comfortable sending clients, friends and family to Ashley...as a matter of fact I have and will continue to do so." - Brian Stickley
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