Province Mortgage

Province Mortgage in the News

Province Mortgage Earns Top Ranking for ‘Best Places to Work in RI’ by the PBN

On Thursday, June 14th several of the Province employees joined their company president, Dave Currie at the “Best Places to Work in RI” banquet held each year at the Crown Plaza Hotel in Warwick, RI.  The enormous outdoor tent was lavishly decor ...
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What Does a Healthy National Housing Market Look Like?

Freddie Mac's economists today used the analogy of a patient with a high fever to talk about the recent course of the housing market. In the November 2012 Economic & Housing Market Outlook, Freddie Mac likened that patient's 103° temperature to the height of the housing boom in 2006. The patien ...
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MBS Prices Likely to Continue Declining

MBS prices were hit hard again Monday by strong manufacturing data, suggestive of still further growth to come. Both the ISM Manufacturing Survey, and the PMI Manufacturing Survey for the US showed better-than-expected strength in November, and that put a lot of pressure on MBS prices. Prices had op ...
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Neutral Economic Performances

MBS prices had another relatively flat day yesterday, struggling mightily around the unchanged mark for much of the day before notching a very modest 9 basis point gain at the close of trading. Economic data was largely neutral, except for consumer confidence, which came in much lower than expected at 71.2 as consumers expressed their doubts about ...
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Unchanged MBS Reports

Trade was largely neutral in MBS yesterday, with economic news giving traders very little reason to move pricing in either direction. Industrial Production was the big headline of the day, posting a 0.6% gain, but this wasn’t strong enough to move prices downwards. International markets were again non-influential. MBS prices closed down slightly ...
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Short-Term Floating Recommended

MBS prices were little changed yesterday as an unemployment claims report little different than expectations let traders kept pricing just about where it started the day. 350,000 Americans filed claims in the prior week, a number skewed higher by continuing resolution of a backlog in California. There was a little weakness in late trading that resu ...
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Coffee Cup Salute

Province Mortgage Associates is featured in the WJAR Channel 10 Coffee Cup Salute. This video feature discusses our steady growth during the mortgage market bust and economic downturn of the last several years as well as honors us as being voted one of the Best Places to Work by the Providence Business News in 2011 for the third year in a row! O ...
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