Friday, June 12, 2009

FW: Inman PM: Definite signs of a false recovery

 

 

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Friday, June 12, 2009 4:05 PM
To: mark@itsyoursale.com
Subject: Inman PM: Definite signs of a false recovery

 

Inman News: PM Edition

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Friday, June 12, 2009

Definite signs of a false recovery
Interest rates stabilized at the conclusion of $65 billion in new Treasury borrowing this week, mostly by sales of long-term bonds.

"Stability" is a relative term: All long-term rates have risen roughly 1 percent in just six weeks, and a further run-up will undercut any economic recovery. The question is whether current prospects for recovery justify this rate-surge, or is this surge already unsustainable? If the latter, what's the chance for a reversal, especially in mortgages? More »

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Premium Members"A survey was done by Washington state several years ago and we found out that the majority of agents wait until 60 days before their renewal date to take ALL of their (continuing education) classes. This puts the agent at a disadvantage in having to settle for whatever they can get for CE credits. " --Jillayne Schlicke

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