Employment Situation Prediction for February 4th, 2011
Non-farm payrolls expected up 160,000; Discouraged workers expected to return to labor force; Unemployment rate expected to increase to 9.7%
A meaningful correlation between the ADP Private Payrolls report and the Bureau of Labor Statistics monthly Employment Situation Report. I have used data from the past 5 years reports to develop a prediction for tomorrow’s Employment Situation Report.
Recent economic information has shown a decided trend towards continued improvement in the US economy. Recent reports on services, manufacturing, and retail sales, all point to continued strengthening. There have been a few reports of improvement in the housing sector, however, those reports have been very weak, principally reflecting a slight bounce from the abysmal lows of late 2010. Employment data has been suspect at best, reflecting continued inability of employers to increase hiring.
January’s employment report significantly missed expectations, showing addition of 103,000 new payroll jobs. Most economists had predicted much larger gains, ranging from 150,000-200,000 new jobs. I predicted 255,000 jobs would be added, a substantial miss.
Yesterday, ADP reported an estimate that 187,000 jobs had been added to the economy, further building on the employment momentum built up in December. Still this is a significant decline from the now-revised 247,000 jobs ADP estimated were added in that month. Several factors may be affecting this, including recent weather patterns.
My models produced reliable predictions ranging from 165,000 to 170,000 jobs added based on the historical ADP and BLS data. This range was tightened because the recent misses in the ADP report caused the 10-period model I have used to lose statistical significance. As a result, data from those methods was discarded in preparation of this estimate. I have developed a prediction that tomorrow’s report will show 160,000 jobs added to private payrolls in January. The net jobs gain is expected to be 150,000, reflecting continued decreases in government payrolls. In addition to these gains, the BLS will provide a revision to the December employment report. I believe these revisions will add few net jobs over the months revised.
While the unemployment rate fell in December, its fall was principally driven by the exit of over 500,000 job seekers from the labor force. I believe a substantial number of these workers will return to their search, thus increasing the unemployment rate to 9.7%.
Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates of Providence, RI, and has more than 10 years experience in the mortgage industry. He also serves as an Adjunct Professor of Finance and Economics with Roger Williams University and the University of New Haven. Extensive data was researched and compiled by Thomas Khoudary of Providence College.
February 3, 2011 by Dan Hartman · Leave a Comment
Employment Situation Prediction for January 7th, 2011
Statistics have shown there to be a meaningful relationship between the ADP Private Payrolls report and the Bureau of Labor Statistics monthly Employment Situation Report. Using data from the past 5 years, influenced by recent economic data, a prediction for tomorrow’s report has been developed.
Recently,economic information has shown a substantial trend towards improvement. Retail sales, business climate, manufacturing climate and factory orders have all shown some improvement in December. The only components of the economy that haven’t turned better lately appear to be housing and employment, two categories that are tied closely to each other. Home prices won’t rebound until employment levels improve, meaning that improvements in the employment situation must come first.
December’s employment report was a substantial disappointment. Most economists had expected 140-150,000 jobs be added. Here, I predicted 210,000 jobs would be added. Actual results showed a gain of only 39,000 jobs.
Yesterday’s ADP Private Payrolls report gave a strong indication that December’s jobs report may have been an anomaly. According to the release, 297,000 jobs were added in December. This provides a clear signal that the employment situation is likely improving. Based on this result, and on the recent relationship between the ADP results and the BLS reports, I have prepared a prediction for tomorrow’s report.
My models produced predictions ranging from 256,000 to 486,000 jobs added. Based on available data, I have developed a prediction that tomorrow’s report will show 255,000 private payroll jobs were added in December. The net jobs gain will likely be 250,000, reflecting continuing declines in government employment. In addition to these gains in December, the Bureau of Labor Statistics will also provide a revision to November’s employment figures in the morning. I expect this revision to add 75,000 positions to payrolls.
While the unemployment rate rose in December, the jobs gains my models suggest will be high enough to lower the unemployment rate to 9.6%.
Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates of Providence, RI, and has more than 10 years experience in the mortgage industry. He also serves as an Adjunct Professor of Finance and Economics with Roger Williams University and the University of New Haven. Extensive data was researched and compiled by Thomas Khoudary of Providence College.
January 7, 2011 by Dan Hartman · 1 Comment
Mortgage Rates Rocket Higher on Inflation, Fed
Fed reaffirms Quantitative Easing; Inflation sharply higher on PPI, muted on CPI; Manufacturing and industrial activity surveys are strong
Fixed income markets were a train wreck yesterday as inflation numbers came in high, and retail sales strong. The Fed didn’t do anything to help, reaffirming its take that the economy isn’t growing quickly enough, and that it would continue its asset purchase plans. This comes down to the Fed’s dual mandate: low unemployment and controlled inflation. Right now, the Fed sees inflation as under control and below its target level at the moment, and sees unemployment as the bigger problem.
This morning’s inflation stats reinforced the Fed’s position. CPI came in at +.1% for both core and overall today, meaning that prices aren’t rising, according to CPI. According to this expert video,
The food prices are higher than a year ago,
The gas prices are higher than a year ago,
The health care costs are higher than a year ago,
The tuition prices are higher than a year ago,
The taxes are higher than a year ago,
The subway fares are higher than a year ago,
The stock prices are higher than a year ago,
And the bond prices are higher than a year ago.*
*(Bond prices have clearly decreased since the publication of the video.)
However, we do not see that in the CPI right now. Yesterday’s PPI did show some aspects, but CPI today does not. Big drags on the CPI this year have been apparel (-0.8%), household gas (-4.8%), new vehicles (-.4%), and shelter (aka rent, +0.2%). Note that the Bureau of Labor statistics continues to use rent in calculating shelter costs. If it used ownership costs, inflation would have measured much higher in 2003-2007, and deflation would have a firm grip on the economy right now.
The good news is that the low inflation figures this AM took some pressure off bond prices, at least for the moment. The Empire Fed index came out a little while ago, showing a positive environment for manufacturing and putting that pressure right back on. Industrial production also rose. I predicted for my ECON 101 class 3.5% GDP growth in 2010Q4 (due Jan 28 2011) based on all the positive data we’ve seen lately. I stand by that number again on this data.
All lock periods: LOCK.
Bottom line: If things look bad for rates now, they’re probably just going to get worse. Don’t go banging your head against the wall, though. The health care is too expensive.
If you have questions regarding Rhode Island Refinance Rates, or whether or not to lock your loan, please don’t hesitate to contact me by cell at (401) 263-8655. Have a great week!
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Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.
December 15, 2010 by Dan Hartman · 1 Comment
Employers Add Scant 39,000 Jobs in November – A Reprieve for Mortgage Rates
Unemployment rate edges up to 9.8%; Unexpected drop in retail hiring; Private employers add only 50,000 jobs; Mortgage rates at a 4-week high; ISM non-manufacturing due
It appears that labor markets may not be as strong as recent data have suggested. The Bureau of Labor Statistics’ Employment Situation Report was released this morning, showing a mere 39,000 jobs added in November, far below our estimate of 210,000 and other analysts average estimates of 130,000. A surprising drag on total employment was the retail sector. While expansion in that sector would ordinarily be expected at this time of the year, retail employment actually fell 28,100 in the month.
Offsetting the low results slightly was a revision to October’s report adding an additional 21,000 jobs to bring that month’s total to 172,000 from 151,000 previously reported.
Private employers added only 50,000 jobs in November. Most economists are looking to private hiring to pull the unemployment rate down, as it is unlikely governments will be able to do much to increase its own payrolls in the face of increasing pressure to reign in deficit spending. During the worst of the financial crisis, private employers cut over 7 million jobs, and have only recently begun to replace those workers.
The unemployment rate increased to 9.8% as more than 100,000 new or returning workers actively sought work, while total workers employed fell by 173,000. Note that these figures do not coincide with the non-farms payrolls figures. The Employment Situation report covers two separate surveys: an establishment survey that provides the jobs data; and a household survey which provides data used to calculate the unemployment rate.
Today’s unemployment report is the largest item of negative economic news in some time, and the deluge of good news has caused a significant increase in mortgage rates. Yesterday, mortgage firm Freddie Mac reported average 30-year fixed rates of 4.46%, up sharply from the recent low of 4.17%. Still, current rates are better by far than they have been historically, presenting excellent opportunities for home buyers and home owners considering a refinance.
The Institute for Supply Management’s non-manufacturing survey came out moments ago indicating continued growth in line with analyst estimates.
Mortgage pricing will improve this morning, but the reason is an island in a sea of otherwise positive economic data. The dip in rates could be very short lived, so borrowers and loan originators should take advantage of it to get rates locked. I recommend locking all loans at this time provided closing is with 60 days.
Next week will bring a few scattered economic reports and $65 billion in new Treasury borrowing, which should serve as a barometer for markets’ willingness to absorb further supply of government debt. If you have questions regarding Rhode Island Refinance Rates, or whether or not to lock your loan, please don’t hesitate to contact me by cell at (401) 263-8655. Have a great day!
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Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.
December 3, 2010 by Dan Hartman · Leave a Comment
Employment Situation Prediction for Friday, December 3rd
Last month, it was asserted here there should be a statistically significant relationship between the results of the ADP Private Payrolls Report and the Total Non-farms Payrolls in the Bureau of Labor Statistics Employment Situation Report. It was established then that there is a strong correlation between the two data sets.
At that time, the data were used as part of a system to predict the results of the upcoming Employment Situation report. Additions of 73,000 private payroll jobs, and 60,000 total jobs were predicted. The actual results of the employment situation report showed 159,000 private payroll jobs added, and 151,000 total jobs, meaning the prediction fell short by 86,000 and 91,000 jobs respectively.
Since the beginning of November, there has been a significant shift in the tone of economic data. While recent inflation figures have shown limited increase in the price level, expectations of future inflation have risen significantly. Meanwhile, manufacturing and business data has shown strength, and jobless claims have fallen. The only aspect of the economy not showing strong signs of growth is housing.
In spite of this recent information, many economists were surprised yesterday when payroll services firm ADP reported 93,000 jobs were added by private firms, and that an additional 39,000 jobs had been added in the prior month.
Using the same methodology as last month, a prediction for tomorrow’s Employment Situation Report has been prepared. Recent trends in the ADP report, and recent economic data, suggest that Private Employers added 225,000 net jobs in November. Total job creation is expected to be 210,000 jobs, as governments continue to cut employment. The unemployment rate is expected to hold stable at 9.6%, but may come under pressure in the near future as discouraged workers begin returning to the labor force.
Dan Hartman is a Senior Mortgae Advisor with Provice Mortgage Associates of Providence, RI, and has more than 10 years experience in the mortgage industry. He also serves as an Adjunct Professor of Finance and Economics with Roger Williams University and the University of New Haven. Extensive data was researched and compiled by Thomas Khoudary of Providence College.
December 2, 2010 by Dan Hartman · 3 Comments
Boston Federal Reserve President Speaks in Support of Quantitative Easing
Eric Rosengren clarifies objectives of LSAP; Meets Fed Mandates; Effects already seen in economy
Eric Rosengren, president of the Federal Reserve Bank of Boston addressed the Greater Providence Chamber of Commerce regarding the Fed’s recently initiated Large-Scale Asset Purchase program. Also know as Quantitative Easing, or “QEII”, this program was widely rumored since August, was announced November 3rd, and went into effect last Friday, November 12th. I personally attended the presentation.
Since its announcement, the 10-year Treasury yield, a benchmark for long-term interest rates has risen in yield 4/10ths%.
Rosengren cited the Fed’s dual mandate: maintain low inflation, while accommodating the lowest possible unemployment rate. He explained that, unlike in other cases, current economic conditions allow the Fed to address both issues at the same time. The LSAP is expected to achieve both. In fact, since it first hit the rumor mills after Fed Chairman Benjamin Bernanke’s speech at the Jackson Hole Economic Conference in August, the program has achieved its goals.
Just as a Fed interest rate decrease would be expected to lower long-term rates, boost stock values, and cause the dollar to weaken against other currencies, so too was the LSAP expected to cause the same results. The only difference is the vehicle of that change: in a rate change to the Fed Funds Rate, the Fed buys or sells short-term Treasury bills; in LSAP, the Fed is buying longer-term Treasury notes and bonds.
Since rumor of the programstarted circulating in August, and up until its effects were seen last Friday, mortgage rates declined by about, 0.25%, the Dow Jones Industrial Average rose more than 12%, and the dollar depreciated against other major currencies. The program’s announcement also led expectations of long-term inflation to increase from a level around 1.4% to 2.1% in that time frame, according to Rosengren.
So here’s the bottom line for home buyers and mortgage originators:
We’ve seen about the best we’re going to get out of this program. From here out, the effects will be measured in smaller adjustments to rates. The effects seen last Friday and this Monday are reflective of a common Wall Street phenomenon: buy the rumor, sell the news. That is to say, markets will react to coming events in advance of their occurrence to the poitn where the will often overreact. Then, when the news is proved true, the review their position, find they went too far and react to it.
Mortgage pricing is still worse than it was last Wednesday, the final day of truly good pricing. It’s improved a little in the last two days, in a possible reaction to an overreaction. While the time may come in the next few weeks where pricing stabilizes and it becomes safe to float loans, albeit at a higher rate than 2 weeks ago, at the moment it is still important to lock new loans going into process until that stability comes.
Tomorrow brings weekly jobless claims data, the single best chance out there of seeing a reversal in mortgage pricing. If claims exceed 450,000, mortgage pricing should get better. That said, Eric Rosengren cited the LSAP program with the ability to add 700,000 jobs to the economy and shave 0.5% off of the unemployment rate. Even if claims rise this week, we can’t bet on that going forward. If you have questions regarding Rhode Island Refinance Rates, or whether or not to lock your loan, please don’t hesitate to contact me by cell at (401) 263-8655. Have a great day!
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Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.
November 17, 2010 by Dan Hartman · 2 Comments
Mortgage Rates Continue Rise on Consumer Sentiment in Spite of QEII
Consumer sentiment rises slightly in early November, inflation expectations to 3.0%; Fed begins purchases of medium-term securities today, to continue through December on current round – Mortgage Rate Update for November 12th, 2010
Mortgage pricing has worsened each day this week, and today isn’t any better, with average pricing about .25 points higher for most rates. Since last Wednesday’s Fed announcement, mortgage pricing is over 1.25 points worse, and average rates are creeping up, although this week’s Freddie Mac survey doesn’t quite reflect that yet. Freddie reported the average 30-year fixed rate at 4.17% with 0.8 points this week, substantially lower than average published rates from most lenders, especially in the latter half of the week.
Consumer sentiment was reported by the University of Michigan this morning. Consumer sentiment is a measure of the degree of confidence consumers have in the economy, and is intended to measure their willingness to spend in the immediate future. The measure was reported at 69.3 this morning, up from the prior reading of 67.6 and slightly above analyst expectations of a reading at 69.0 It is still substantially lower than the most recent high point, June 2009′s 76.0.
In addition to measuring consumers’ feelings about the economy in general, the Consumer sentiment survey also asks consumers about their price expectations to gauge inflation. At present, consumers are expecting about 3% inflation in the coming year, as fuel and food prices pressure wallets.
The bigger issue affecting markets this week has been the increasingly contentious discussion about US vs. China monetary policy at the G-20 Economic Summit in Seoul, Korea. The dispute is nothing new – the US has been saying for years that China is keeping its currency from appreciating, which would make Chinese exports more expensive. Conversely, China has complained about the US’ expansionary monetary policy, especially including the recent Federal Reserve announcement of additional security purchases.
This presents a substantial challenge to China – for it to maintain its currency even with current value relative to the dollar, it needs to print additional yuan to keep up with the increasing number of dollars in circulation. The dispute has been weakening the dollar causing pressure on US interest rates.
Mortgage pricing has worsened for the past 5 days, and shows no signs of stopping. Next week could bring some relief, if inflation remains controlled, as we will get a reading on inflation, and that could cool the current sell-off in long-term fixed income. Floating has become somewhat unattractive, but for loans already mired in a float strategy, the best thing to do at this point may be to ride it out. I don’t think we’ve seen the last of the good rates, but it may be a little while before they turn around. At this point, if you like your rate, lock it. If you don’t, there could be enough gains from floating to justify the risk.
Next week is clearly much busier than this from the perspective of economic data, and that could be good for rates. It could just be a brief respite before the cliff, though. If you have questions regarding Rhode Island Refinance Rates, or whether or not to lock your loan, please don’t hesitate to contact me by cell at (401) 263-8655. Have a great day!
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Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.
November 12, 2010 by Dan Hartman · 2 Comments
Strong Jobs Growth in October Fails to Lower Unemployment
Private employers add 159,000 positions; Government employment cuts continue; Unemployment flat at 9.6% – Daily Mortgage Rate Update for November 5th, 2010
After all the other news this week, the Fed meeting results, more quantitative easing, etc., I believe that Wall Street actually yawned this morning at 8:30 when the Employment Situation report was released. Traders are looking for signs that the Fed might change directions, and this report, while exceeding expectations, didn’t have the kick needed.
Non-farm employers added 151,000 positions in October, a substantial jump from declines previously announced for August and September. Gains were strongest among private, non-government employers who added 159,000 positions. This sector has been viewed as key to moving employment in the economy forward. Government is unlikely to increase its hiring any time soon, especially with the potential for gridlock between Capitol Hill and the White House.
In addition to the strong October gains, August and September results were revised higher, erasing 90,000 prior job losses in those months.
These results were not strong enough to move the 9.6% unemployment rate.
Mortgage pricing has opened weaker this morning, and is likely to remain week throughout the day. Prices for most rates have risen by about 3/8 point. It is important to note that today’s results are a single data point following a large number of less positive data. This provides some support to the strategy of floating longer term rate locks. I would suggest locking rates on loans due to close within 30 days. I don’t feel we’ve seen the last of yesterday’s pricing levels, though. It is still safe to float longer locks.
Next week will be much quieter than this from an economic data perspective. We will see significant tests of Treasury pricing, with $72 billion going into the hopper. Apart from that, there’s not much to see.If you have questions regarding Rhode Island Refinance Rates, or whether or not to lock your loan, please don’t hesitate to contact me by cell at (401) 263-8655. Have a great day!
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Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.
November 5, 2010 by Dan Hartman · 1 Comment
Statistically Evaluating the Jobs Report – A Prediction for Friday November 5th
Because the ADP Private Payrolls report, and the Bureau of Labor Statistics Employment Situation report both seek to measure the same economic variables, I hypothesized there should be a statistically significant relationship between the results of the two reports. A secondary hypothesis exists and suggests that it may be possible to use the ADP data, traditionally released on the Wednesday preceding the first Friday of each month, to predict the outcome of the Employment Situation report, released the first Friday of each month. With the assistance of Providence College student and Province Mortgage Associates intern Thomas Khoudary, initial results of the ADP and BLS reports from November 2005 through October 2010. Using statistical analysis tools, the following results were found.
Data used were initial results of the two surveys. While data are adjusted in subsequent months as additional information becomes available, I believe that the second goal of this project, to devise a method of predicting the Employment Situation report based on the ADP report, suggests that the initial data are more relevant to that purpose.
The ADP Private Payrolls report was believed to be most closely correlated to the Private Employment component of the Employment Situation report. Analyzing the data, substantial correlation was found, with a coefficient of correlation over 0.86. This indicates that the relationship believed to exist between the two surveys is present. Correlation analysis was also performed on the relationship between ADP and Total Payrolls. Surprisingly, a coefficient of correlation over 0.88 was found. Curiously, this suggests that the total employment situation is more closely related to the ADP survey than its sub-component private payrolls, that was expected to closely mirror the ADP results.
A regression analysis was performed on the data. The results show strong significance of the previously identified correlation, with a significance factor lower than .0001 for both ADP to Private Payrolls and ADP to Total Payrolls. This suggests that there is indeed a strong relationship between the two reports. Based on the regression analysis, I have derived a function I will use to predict the results of tomorrow’s Employment Situation report.
To predict the results of tomorrow’s jobs report, regressions of the employment data for the past 5 years and for the past 10 months were performed. The regressions over the greater period resulted in lower results, 15,526 private payroll jobs, and 28,004 total jobs. The 10-month regressions resulted in higher figures, 102,689 private jobs and 125,050 total jobs based on this Wednesday’s reported 43,000 private jobs added according to ADP.
After evaluating the available data, I believe that tomorrow’s Employment Situation report will show a gain of 73,000 jobs through private employers. Overall, the economy will add only 60,000 jobs, as a decrease in government employment will be a drag on other results. These results should provide some stability for mortgage rates.
My evaluation of this data is a relatively new undertaking. I anticipate these results will be refined over time. There is clearly a connection between the two reports, as was expected. Future evaluation should reveal more about this relationship.
Dan Hartman is a Senior Mortgae Advisor with Provice Mortgage Associates of Providence, RI, and has more than 10 years experience in the mortgage industry. He also serves as an Adjunct Professor of Finance and Economics with Roger Williams University and the University of New Haven. Extensive data was researched and compiled by Thomas Khoudary of Providence College.
November 4, 2010 by Dan Hartman · Leave a Comment
Fed Acts, Mortgage Markets React
Fed to buy $600 billion in medium term Treasuries; Mortgage rates react sharply, briefly; Unemployment claims back up; Employment situation due tomorrow
The long-awaited Federal Reserve Open Markets Committee meeting concluded yesterday, and the worst-kept secret in financial markets was revealed. The Fed views the economy as growing insufficiently quickly to correct its biggest problem – unemployment. It’s action? Over the next 9 months, the Fed has committed to purchase $600 billion in medium term Treasury securities.
Here’s how this works. The Federal Reserve Bank of New York will utilize its connections on Wall Street to acquire these Treasury securities, and will, in theory, print an extra $75 billion in cash each month for the next nine months in the hopes that this cash will find its way out into the economy.
Banks are among the biggest holders of these Treasury notes (other than foreign countries), so they will be the beneficiaries of the majority of the new cash. The Fed’s hope is that the banks, having traded in their low-yielding Treasuries for zero yield cash, will then loan out that cash to businesses and consumers, seeking to increase their return.
The biggest challenge to this? What if the banks simply go out and buy more Treasuries?
The Fed has few tools to enforce compliance with its intent, so the success of this program is largely dependent on the willingness of banks to lend. That, unfortunately, is something that has been under significant doubt, lately.
Mortgage pricing worsened quickly yesterday on the news, as traders saw this as an opportunity to cash out their gains from recent days’ transactions. The market turned around shortly thereafter, moving mortgage rates almost back to where they had been prior to the announcement. Markets had expected a certain rate level and, after a few minutes in which they digested the news, they settled right back on it.
Yesterday, payroll firm ADP announced that its survey of private employers showed an increase of 43,000 jobs on private payrolls, indicating there is some hiring strength in the economy. This number, though, is not sufficient to even beat the rate at which population growth adds to the labor force. Today’s unemployment claims figure showed that, as 457,000 Americans filed for unemployment benefits, a big jump from last week’s results. We’ll get a deeper look at the employment situation tomorrow morning, as the Bureau of Labor Statistics will report the new unemployment rate and details on the jobs situation.
Mortgage pricing has jumped this morning, pushing down rates. It has now returned to the highest levels previously reached in September and October, however, it is unlikely to fall much farther, as low rates themselves become an impediment to further rate improvements. I would suggest locking mortgages with closings coming up within the next 30 days. Tomorrow’s non-farms payrolls number is too significant a report to risk floating into, unless closing is too far away for a reasonable lock. Any closing more than 30 days away could be floated, as that period of time will allow enough trading days for recent market volatility to return pricing to current levels.
If you have questions regarding Rhode Island Refinance Rates, or whether or not to lock your loan, please don’t hesitate to contact me by cell at (401) 263-8655. Have a great day!
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Weekly Recap for October 25th-29th
Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.
November 4, 2010 by Dan Hartman · 3 Comments
