The Impact of Default

  Greece’s sovereign debt was downgraded to CCC by Standard & Poor’s on Monday, making it the worst credit rating in Europe and the worst in the developed world. Yet, when it comes to credit downgrades and talks of default, the country the entire world is watching is right here, in the AAA rated never-missed-an-interest-paymentContinue reading “The Impact of Default”

Maine Mortgage Market Update 11.23.2010

Mortgage bond prices opened higher Tuesday morning applying downward pressure to mortgage rates. Rates are finding support following an incident where North and South Korea exchanged artillery fire overnight. In times of global uncertainty, traders seek the safety of US debt. This is call flight to safety buying. Lets hope the US is always seenContinue reading “Maine Mortgage Market Update 11.23.2010”

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