Mortgages and Stocks Rally on Japan Rate Cut Friday’s surprise move by the Bank of Japan (BOJ) was positive for global bond markets. The BOJ announced that it was cutting short-term rates to try to boost economic growth and inflation. While the BOJ made no change to its massive bond buying program, BOJ officials expressed […]… Read more »

Guest Post – Tradition Mortgage’s Weekly Update January 19, 2016

Rates Dip As China Slips Investors have grown more concerned that economic growth, particularly in China, will slow more rapidly than expected. In recent years, China has been responsible for a significant share of global economic growth, and weakness in China’s performance are felt in many countries. As a result, stock markets around the world […]… Read more »

Guest Post – Tradition Mortgage’s Weekly Update January 11, 2016

Overseas Issues Push Rates Lower Several events caused investors around the world to shift their holdings to safer assets. On Monday, Saudi Arabia cut diplomatic ties with Iran, raising tensions between these two major powers in the Middle East. On Wednesday, North Korea announced that it had successfully tested a hydrogen bomb. Weaker than expected […]… Read more »

January 8, 2016 – Philadelphia police officer shot in car

‘It’s amazing he’s alive’: Philadelphia police officer shot in car. https://www.cnn.com/2016/01/08/us/philadelphia-police-officer-shot/index.html (CNN)—A Philadelphia police officer is recovering after being shot three times while he was in his patrol car in west Philadelphia on Thursday night, CNN affiliate KYW reported. The officer was sitting in his car near an intersection when someone fired 13 shots into […]… Read more »

Guest Post – Tradition Mortgage’s Weekly Update December 28, 2015

Is Santa Coming to the Stock Market? Rates Hope Not There is little in the way of meaningful economic data for mortgage investors to consider during the course of this holiday shortened week. The few investors actually at their desks will probably look to trading action in the stock market for clues as to where […]… Read more »

Guest Post – Tradition Mortgage’s Weekly Update December 23, 2015

Back to Reality, Fed Finally Pulls Trigger After holding the federal funds rate near zero for seven years, the Fed announced on Wednesday a widely expected rate hike of 25 basis points. Regarding future policy, investors were slightly soothed to hear that Fed officials expect that economic conditions will warrant only “gradual” increases in rates. […]… Read more »

December 14th, 2015 – AFSCME Local 600 MCF-Stillwater Resolution

We appreciate AFSCME Local 600 MCF-Stillwater’s support. Thank you! Whereas on November 15th, 2015, the Minneapolis Police Department’s 4th precinct was besieged by violent protest, and Whereas protestors have hurled bricks, rocks, Molotov cocktails and defaced the precinct with vulgar graffiti while falsely claiming to be peaceful, and Whereas protestors have made unreasonable demands in […]… Read more »

Police Officers Federation of Minneapolis
P.O. Box 18187
Minneapolis, MN
55418