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Mortgage Rate Predictions

Sep 19, 2017 11:35AM PDT

Rate Update 9/19/2017 : The Fed Announcement Wednesday is one of the best-telegraphed in Fed history.  Multiple speakers have stated that the Fed will begin narrowing its balance sheet reinvestments at this meeting.  That means they'll be purchasing less Treasuries and MBS--an apparent net-negative for bond markets and a source of rising pressure for rates.   Bookmark this page for mortgage rates:• 30 year (FRM) rates at 3.96% (+0.02%).• 15 year (FRM) rates at 3.24% (+0.02%).• FHA 30 year Fixed rates at 3.60% (+0.10%).• Jumbo 30 year Fixed rates at 4.20% (+0.01%).• 5/1 ARM rates at 3.22% (+0.02%). More

Displaying rates for Mortgage Refinance in VA for $200,000

3.743%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated September 21, 2017
  • Online Rates with Premier Service Levels for Purchases
  • Call Today for our Zero Cost Refinance Program
  • Not a Call Center, work with a Professional Loan Officer

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated September 21, 2017
  • Get a free and no obligation rate quote in Virginia.
  • Direct Lender.
  • Call now and lock-in your low rate!

3.768%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated September 21, 2017
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and an estimate of fees
  • $1,000 Best Rate Guarantee

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated September 21, 2017
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated September 21, 2017
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
  • Save time & avoid paperwork by sharing your financial info instantly.

3.692%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated September 21, 2017
  • Certified Upfront Lender! Online Loan Estimate! Apply & Lock Rate 24/7!

4.255%

APR
30 Year Fixed
4.180% Rate $976/mo
  • Updated September 21, 2017
  • A+ Rating with the Better Business Bureau

3.875%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Low mortgage rates and an easy application process.

4.006%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated September 21, 2017
  • Competitive interest rates

4.146%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated September 21, 2017
  • Direct Lender. $1,000 On-Time Closing Guarantee. A+BBB Rating.

3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated September 21, 2017
  • Save when you borrow from PenFed!
Mark Hemingway
The U.S. Census Bureau reported on Tuesday that household incomes rose between 2015 and 2016, while the poverty rate declined marginally. Median household income in the United States in 2016 was $59,039, an increase in real terms of 3.2% from the 2015 median income of $57,230. This is the second consecutive annual increase in median household income. The nation's official poverty rate in 2016 was 12.7 percent, with 40.6 million people in...
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Leah TenBieg
When it comes to the financial industry, oftentimes you will hear about The Federal Reserve System. Mortgage rates are closely related when it comes to this system. Since rates are constantly fluctuating, it can be frustrating to not understand why. Read below to get a better understanding of how exactly The Federal Reserve System impacts rates. What is "The Fed"? Created in 1913 due to the nation's financial crisis, The Federal Reserve...
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Chris
1. How Long Will You Be in the Area?If you're uncertain how many years you'll be in the area and even if you can afford a mortgage (and the associated taxes and fees that come with it), it's still may take 5 years or longer until you'll come out ahead with regards to buying vs. renting. 2. How Old Are You?If you're young, just beginning your career and was offered a job that is hundreds of miles away, a couple of states...
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James Brooks
By James Brooks The bond market is unchanged (2.16%), which should keep Raleigh area Mortgage rates unchanged. Today has no relevant economic data set for release. The rest of the week brings us the release of seven pieces of economic data for the markets to digest, including a couple of extremely important reports. Those more important reports come late in the week. What today does have is the first of this week's two Treasury auctions...
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Mark Hemingway
There are no economic reports due for release today as trading gets underway for the last week of August. The rest of the week features data on consumer attitudes, inflation, economic growth, housing, personal spending, manufacturing and the labor market numbers that culminates with Friday's Jobs Report for August. Summer unofficially comes to and on Labor Day, as kids head back to school and vacations ending this week ahead of the long...
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James Brooks
By James Brooks The bond market is down1/32 (2.25%), which should keep Raleigh area mortgage rates at yesterday’s levels. July's Housing Starts was posted at 8:30 AM ET this morning, revealing a 4.8% decline in new home groundbreakings. That was much weaker than forecasts, hinting at weakness in the new home portion of the housing sector. Even a secondary reading that tracks new construction permits that helps us measure future...
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Mark Hemingway
July Housing Starts fell 4.8% from June to an annual rate of 1.155 million units, below the 1.217 million expected. Homebuilders cite a lack of skilled labor and lots to build on and higher costs for materials for the decline in new home building. Year-over-year starts were down 5.6%. Building Permits, a sign of future construction, fell 4.1% from June to an annual rate of 1.223 million annualized units, just below the 1.247 million expected....
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Leah TenBieg
Millennials have been on top of the US housing market for the last four years. According to the National Association of Realtors' (NAR) Home Buyers and Sellers Generational Trends Report, 34%, which is the largest share of home buyers, are in fact millennials. Among this percent of millennials, 66% were first-time home buyers. It's no surprise that this trend is not dying down, but read below for some surprising statistics found in the...
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James Brooks
By James Brooks The bond market is currently up 10/32 (2.23%), which should improve Raleigh area mortgage rates by approximately .125 - .250 of a discount point. This morning’s sole piece of relevant economic data was the 2nd quarter Employee Productivity and Costs data at 8:30 AM ET. It showed a 0.9% rise in worker productivity and only a 0.6% increase in the Labor Costs index. Analysts were expecting to see a 0.5% increase in...
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James Brooks
By James Brooks The bond market is down 4/32 (2.26%), should move Raleigh area mortgage rates slightly higher. Today has nothing of importance scheduled that is likely to affect mortgage rates. We are seeing some pre-auction weakness in bonds, but this should be an uneventful day for the bond market and mortgage rates. If we see an intraday move in rates, it likely will be a result of stock strength or weakness. Tomorrow has two events we need...
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Leah TenBieg
Don't let the thought of purchasing your own home scare you away from actually doing so. Maybe you have had the idea of being a home buyer in the back of your mind for quite some time now. Or maybe you just now made the decision that it's the right time. Whichever the one, you will need to learn how to take the next step in order to get the ball rolling. Get pre-approved - The first step You have most likely already done some house...
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VAConstructionLoans.org
Two years ago, it was difficult to find a lender willing to loan money on a zero-down VA construction loan. But as more and more lenders expand their product offerings, this valuable loan product has resurfaced and thousands of veterans are taking advantage. But before you head out to construct your dream home, there are a few guidelines you need to understand. For starters, you have to find a VA approved builder. This program does not allow you...
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James Brooks
By James Brooks The bond market is up 3/32 (2.25%), we still should see a slight improvement in Raleigh area mortgage rates. There is nothing of importance set for release today. The rest of the week brings us the release of only three pieces of monthly or quarterly economic data, but two of them are considered very important to the financial and mortgage markets. In addition to the economic data, there are two Treasury auctions scheduled that...
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Steve Bernstein
Arizona Mortgage & Real Estate News ~ Maricopa County AZ Real Estate Update The July 2017 Residential Real Estate Figures are out for Maricopa County Arizona, and we are definitely in a Seller's Market. This means the Demand for AZ Homes, far exceeds the Supply of Available AZ Homes For Sale. This Arizona Home Inventory Shortage is due to the following market conditions and statistics. AZ RESIDENTIAL REAL ESTATE MARKET CONDITIONS The cost of land
Leah TenBieg
Once you have decided to get a mortgage, you will come to the point where you will need to decide if an adjustable rate mortgage (ARM) or a fixed rate mortgage is right for you. Since both of these primary mortgages have benefits, how is it possible to chose which is best for you? See below for basic definitions of each and get a better understanding of how they can possibly benefit your current financial situation. Adjustable rate mortgages...
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James Brooks
By James Brooks The bond market is currently down 6/32 (2.31%), which should move Raleigh area rates slightly higher. There were two pieces of economic data posted early this morning, one of which is considered to be pretty important to the markets. That was June's Durable Goods Orders at 8:30 AM. The Commerce Department announced a jump of 6.5% in new orders for big-ticket products such as airplanes, appliances and electronics. This was...
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Mark Hemingway
Mortgage rates edged lower this week, declining for the second straight week. The lower rates came after the Fed left its benchmark interest rate on hold. The news on rate sparked a rally in both the Stock and Bond markets, while yields pushed lower. Freddie Mac reported that the 30-year fixed rate mortgage fell to 3.92% from 3.96% with 0.5 in points and fees. Last year this time the rate was 3.42%. The Fed left the Fed Funds Rate on hold...
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Leah TenBieg
After weeks and maybe months of searching for your dream home, there is no better feeling than finally finding it. The moment you decide this could finally be the home you purchase, you need to also decide how and when you will inspect it before signing the final papers. You might have been in every room multiple times, but were these thorough walk-throughs? By knowing the specific condition your future home is in before you actually move in, you...
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MEL SMITH--LENDER OF THE MONTH
A HELOC lender will quote you terms, but you will want to compare the following factors: 1. Margin. Some lenders adjust margin more than others for your credit profile and equity in your home. This is the utmost significant single factor of your HELOC rate. 2. Rates on fixed-rate advance options. This is the second most significant determinant of your HELOC rate, and these can differ across lenders. 3. Maximum lifetime rate. HELOCs will have a...
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James Brooks
By James Brooks The bond market is up 2/32 (2.26%), which should keep Raleigh area mortgage rates at yesterday’s levels. Last week’s unemployment figures were posted at 8:30 AM ET this morning, revealing that 233,000 new claims for unemployment benefits were filed. This was a noticeable decline from the previous week’s revised 248,000 initial claims and lower than the 245,000 that was expected. That indicates the...
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Mark Hemingway
Business activity declined in July from June in the Philadelphia region and fell to its lowest level of 2017. The Philadelphia Fed Manufacturing Index fell to 19.5 in July, down from the 27.6 registered in June and below the 22 expected. Any reading above zero indicated improving conditions. Within the report it showed that firms remained generally optimistic about future growth, while more than one-third of the manufacturers expect to add to...
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Shannon Greenberg
After World War II, the Department of Veteran Affairs created the VA loan to help veterans buy a house. Since then, the VA loan has grown to be one of the best loan options for prospective homeowners. Military, veterans, reservists, and Nation Guard members have the opportunity to qualify for this unique loan. The people who risked their lives for our country are more capable to own a home thanks to the benefits of a VA loan. No down payments VA...
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Mark Hemingway
Lower gas prices and higher consumer confidence may be just the ticket for Americans to spend more on fun in the sun this summer. Yesterday's release of the Vacation Confidence Index showed Americans are on track to spend a total of $101.1 billion on vacations this year, a 12.5 percent increase over 2016 and the first time in eight years that spending has exceeded $100 billion. Allianz Global Assistance, the keeper of the index, suggests...
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MEL SMITH--LENDER OF THE MONTH
All too often, people will only focus on the reduced monthly payment when refinancing mortgages. Remember that every time someone refinances, he or she is taking on a new term. If you have only eight years left on your loan but then refinance to a new 15-year mortgage, your payments may be lower, but you are taking a lengthier time to pay the loan back and may be paying far more in the long run. Also, people tend to misjudge the sense of freedom...
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James Brooks
By James Brooks By The bond market is down 15/32 (2.18%), which should push Raleigh area mortgage rates higher by approximately .125 of a discount point. Today's only relevant economic data was June's Consumer Confidence Index (CCI) at 10:00 AM ET. The Conference Board announced a reading of 118.9 that exceeded forecasts of 116.7. It was also an increase from May's revised 117.6, indicating surveyed consumers were more optimistic...
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Leah TenBieg
While purchasing your first home is an exciting experience, there are many obstacles to go through once the home is officially yours. From unpacking to interior designing, making the house you bought turn into your own comfortable home can be accomplished by taking the below tips into consideration. Unpack smartly To start, simply organize your labeled boxes into the rooms they will soon be unpacked in. Before ripping the tape off of every box,...
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James Brooks
By James Brooks The bond market is unchanged (2.16%), which should keep Raleigh area mortgage rates unchanged. The National Association of Realtors gave us May's Existing Home Sales report at 10:00 AM ET this morning. It showed a 1.1% rise in home resales last month when analysts were expecting to see a decline. This means that the housing sector was stronger than many had thought, making the data bad news for bonds and mortgage rates. The...
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Mark Hemingway
Residential real estate company Redfin reports that despite the shortage of supply, home sales increased 7.5% in May from last year, while the median sale price rose 6.8% year-over-year to $288,000. Inventories fell to just 2.7 months of supply where a typical number is around six months. This anemic supply number is the reason for the continued increase in sales prices. In addition, the typical home went under contract in 37 days, setting a new...
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James Brooks
By James Brooks The bond market is up 6/32 (2.16%), which should improve Raleigh area mortgage rates by .125 of a discount point. Today has nothing scheduled that is likely to affect bond trading noticeably or mortgage rates. I would not be surprised to see a very calm day, assuming the major stock indexes remain near their current levels. If stocks make a move upward, we could see pressure in bonds that leads to a slight increase in mortgage...
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MEL SMITH--LENDER OF THE MONTH
Millions of homeowners have lost their homes due to foreclosure. However, the good news is there are things you can do to halt a foreclosure. The principal thing you should do if you are having difficulty making your mortgage payments is to contact your lender. Connecting with your lender produces an opportunity for you to create a plan to stop the foreclosure process. You can apply for a Loan Modification Both Federal and state laws forbid...
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Anna N. Ryan
Check Out Other Niche Programs: NEW INTEREST ONLY now on our NON PRIME programNEW ITIN program NEW 12 month BANK STATEMENT program STATED (NO INCOME) to 2 MILLION NEW ATR in FULL with qualifying just on the assets alone - NO income & NO job verification - A NO DOCLoan amounts up to $3 MILLIONUp to 90 % LTV NO MI (use 24 months of business or personal bank statements, or assets as income)Can use asset depletion incom
Mark Hemingway
The Commerce Department reported on Friday that Housing Starts in May fell 5.5% from April to an annual rate of 1.092 million units, below the 1.227 million expected. It was the lowest rate since September 2016 and the third straight month of declines. Starts are down 2.4% from May 2016. Single-family starts, which account for the biggest share of the residential housing market, fell 3.9% to an annual rate of 794,000 units last month, the lowest...
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Mark Hemingway
Fannie Mae released its Home Purchase Sentiment Index (HPSI) for May showing that the net share of Americans that think now is a good time to buy a home reached a record low. The HPSI fell 0.5 percentage points to 86.2 after a 2.2 point gain in April. Those Americans who feel that now is a good time to sell a home reached a record high. This is only the second time in the surveys history that the net share of those saying it's a good time to...
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Leah TenBieg
It's time-consuming enough trying to find a new home, but now try adding in the factor of selling your home. For any homeowner looking to move, this is a stressful situation. It's important to know which route you will take regarding selling and purchasing. Is it more strategic to sell your home before you purchase a new living space, or is it safer to secure the sale on your future home before selling your current one? Buying a new...
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VAConstructionLoans.org
VA construction loans can be used to build a custom home or to remodel your existing home. Qualifying veterans can apply for VA construction loans through us today. We are proud to offer VA construction loans at Mortgages for Veterans. VA Rehab Loans Similar to constr
MEL SMITH--LENDER OF THE MONTH
VA Mortgages also known as loans from the Department of Veterans Affairs are renowned for not requiring a down payment. Nevertheless, there are very good reasons to put money down on a VA loan. You'll pay a lower VA funding fee First off, VA mortgages necessitate a funding fee, whether you make a down payment or not. You'll have a lower monthly payment and pay less in interest With a down payment, your monthly payment and lifetime costs...
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Steve Bernstein
Arizona Mortgage & Real Estate NewsConventional Mortgage Guideline UpdateJune 1st, 2017 5:37 PM by Steve Bernstein Fannie Mae released a few important updates today regarding Conventional Mortgage Loans! The changes will take affect July 29, 2017, and should help more Arizona Home-Buyers and Homeowners procure Conventional Mortgage Approval! 1) Maximum Debt/Income Ratios - The maximum allowable debt-to-income ratio will be adjusted up to 50%....
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Mark Hemingway
Limited inventories of homes for sales are causing problems in the purchase market, reports the National Association of REALTORS(R). April Pending Home Sales declined 1.3% from March and fell for the second consecutive month. Pending Home Sales are down year-over-year nationally in all four major regions across the nation. Sales were down 3.3% from April 2016, the first year-over-year decline since December and the biggest since June 2014 (7.1%)....
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Leah TenBieg
When it comes to achieving any financial goals, a good credit score and report is crucial. There are many benefits that come with having good credit. You will have better care insurance rates, a better chance at getting approved for a loan, you will be more likely to find a landlord who is willing to let you rent a living space, and many more advantages. Read below to see how you can turn your not so good credit into a promising number. Raising...
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James Brooks
By James Brooks The bond market is up 7/32 (2.22%), which should improve today's mortgage rates by .125 of a discount point. This morning brought us two pieces of economic data, starting with April's Personal Income and Outlays data at 8:30 AM ET. The Commerce Department announced a 0.4% rise in both income and spending, matching expectations. Both readings are moderate increases in data that the bond market prefers to see weaker...
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James Brooks
By James Brooks The bond market is down 1/32 (2.25%), should keep today's mortgage rates unchanged. There is nothing of importance scheduled for today. The rest of the week brings us the release of five pieces of economic data that may impact mortgage rates in addition to two Treasury auctions and the minutes from the latest FOMC meeting. None of the events are considered key or expected to be a market mover, but most of them carry enough...
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Mark Hemingway
President Trump began his first foreign trip in Saudi Arabia and other Gulf States over the weekend as the U.S. signed $350 billion worth of defense equipment and service supports, which is lifting Stocks this morning. The president will now visit Israel on Monday and Tuesday, Rome and the Vatican on Wednesday. Stocks took a hit last week over political turmoil out of the Trump administration, but those concerns quickly faded. The closely S&P...
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MEL SMITH--LENDER OF THE MONTH
An FHA streamline refinance gives you something you seldom get in the financial world--savings on money and time. However, only borrowers who meet certain circumstances can get a break when refinancing a home purchase loan that was initially backed by the Federal Housing Administration. Here are the conditions that must be met: 1. You can't be delinquent on your current FHA loan. 2. You can't take out more than $500 in cash from the refinance. 3
Leah TenBieg
With summer just around the corner, the heat tends to raise residential utility bills substantially for homeowners. However, by taking a few simple tips into consideration, your home can function properly while beating the heat and saving some extra money on those rising bills. Keep your thermostat under control A great solution to cooling your house down while staying somewhat budget friendly is to utilize a programmable thermostat. By...
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James Brooks
By James Brooks The bond market is up 7/32 (2.37%), which should improve today's mortgage rates by approximately .125 of a discount point. Today’s only mortgage-relevant event is the first of this week’s two important Treasury auctions. 10-year Notes are being sold today while 30-year Bonds will be auctioned tomorrow. Results will be posted at 1:00 PM ET each day, so any reaction will come during early afternoon trading....
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Mark Hemingway
Fannie Mae released its Home Purchase Sentiment for April, which signaled a rebound following the March dip. The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.2 percentage points in April to 86.7. The report saw five of the six components within the index increase. The net share of Americans who reported that now is a good time to buy a home increased 5 percentage points, while those who felt is a good time to sell declined five...
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James Brooks
By James Brooks The bond market is down 6/32 (2.40%), which should increase today's mortgage rates by approximately .125 of a discount point. Today also has nothing of importance scheduled. Unfortunately, that leaves little to be optimistic about in terms of bond and mortgage rate direction the next couple days. With the benchmark 10-year Treasury Note yield on the rise again, we start worrying about important resistance points. If it moves...
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bcahoone
By rchrisman@robchrisman.com (Thanks to Norm O. for this one.)I recently spent $6,500 on a young registered Black Angus bull. I put him out with the herd but he just ate grass and wouldn't even look at a cow. I was beginning to think I had paid more for that bull than he was worth. Anyhow, I had the vet come and have a look at him. He said the bull was very healthy but possibly just a little young - so he gave me some pills to feed him once...
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James Brooks
By James Brooks The bond market is down 1/32 (2.35%), which should keep today's mortgage rates unchanged. Today's release of April's Employment report did show some notable surprises. It revealed that the unemployment rate fell to 4.4% last month, its lowest level since May 2007, from 4.5% in March. Analysts were expecting to see an increase to 4.6%. The payroll number also came in stronger than expected at up 211,000 when 185,000...
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bcahoone
By rchrisman@robchrisman.comMost people don't know that in 1912, Hellmann's mayonnaise was manufactured in England. In fact, the Titanic was carrying 12,000 jars of the condiment scheduled for delivery in Vera Cruz, Mexico, which was to have been the next port of call for the great ship after its stop in New York. This would have been the largest single shipment of mayonnaise ever delivered to Mexico. But as we know, the great ship did...
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