First Priority Financial Inc.

Guess what's back? Back again..Economic info..up again.

This is a very busy time for economic releases. In the past several weeks we have had much of corporate America releasing their first quarter earnings, as well as making forecasts for the following quarters. We have had a meeting of the Federal Reserve Board's Open Market Committee and a subsequent ...
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Are The Markets Moving On?

The Federal Reserve Board has said it again and again. They are raising rates this year. While we still don't know at what meeting the increase will come, the markets have had plenty of time to get used to the fact that rates are going up. So now we find that the markets are now obsessing about what comes next after the Fed fires its first salvo. W ...
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Lower Rates Bring Spring Opportunities

Positive statements by the Federal Reserve Board regarding the pace of future hikes in interest rates and the release of weak employment data have served to bring rates down moving into the spring selling season. This unexpected move in rates give Americans a unique opportunity to save money through ...
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30 Year Auction..slightly worse for pricing

30Y Treasury auction: $13B with a high yield of 2.597% vs last auction of 2.681%. which means we had to pay less to borrow more...always nice. The bid-to-cover ratio (Demand)was 2.18, which is the lowest level of demand since May. This is a slight negative for MBS pricing.
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Tax time..don't let your loan hit a snag...

It is that time of year that tax returns are due and 4506 results won't show the current tax year filings. So what do we do? Simple, the borrower will need to provide proof that their 2014 tax returns have been filed either electronically or stamped copies by the IRS. If the borrower is not plan ...
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Employment Report..rates lower, but pressured

Every month the employment report is very, very important. The creation of jobs not only tells us how the economy is performing, the report also tells us how the economy will be performing in the future. When we create a significant number of jobs, we know that these jobs will create more jobs becau ...
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