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If you are looking for a Mortgage Professional who will give you the type of service that you deserve, contact Bob Amato (NMLS # 8632) and Empire Home Mortgage Inc. (NMLS # 44882). We answer our phones seven days a week until 9PM. Put us to the test! Our toll free number is (866) 742-5227.

 Visit our website, www.empirehomemortgageinc.com . There you can get answers to all of your financing questions, view rates and search for foreclosed properties.

 If you are considering locking in an interest rate for a New York mortgage or a Florida mortgage, read this post.

 There was no relevant economic data scheduled for today, but Fed Chairman Bernanke did speak to the Senate Budget Committee late this morning. As expected, he didn’t say anything that differed much from last week’s appearance before the House Committee. The biggest headline to come from this morning’s appearance was his reiteration to prevent the Europe crisis from derailing our economic recovery. Again, nothing new or surprising was said, so it did not affect today’s mortgage rates.

 Tomorrow also has nothing of relevance scheduled in terms of economic releases. However, the first of this week’s two important Treasury auctions will take place tomorrow when 10 year Treasury Notes will be sold. It is the more important of the two as it will give us a better indication of demand of mortgage related securities. The second sale comes Thursday when 30 year Bonds are sold. If the sales are met with a strong demand from investors, we should see the bond market move higher during afternoon trading tomorrow and/or Thursday. But a lackluster interest from buyers, particularly international investors, would indicate a waning appetite for longer term U.S. securities and lead to broader bond selling. The selling in bonds would likely result in upward afternoon revisions to mortgage rates.

 If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.

 Empire Home Mortgage Inc. is a registered Mortgage Broker with the New York and Florida State Banking Departments and our loans are arranged through third party providers.

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