If you haven’t read parts 1-4 of this series, you will probably want to do that before reading this installment on understanding inflation.

Hedonic Adjustments: Even though the price went up $2,000, the car still costs the same … what???

If the mortgage market collapses this week, just “Blame it on Rio,” as that is where this week’s market update is coming to you from.  After all, with the volatility of last week’s shortened trading week, and the volatility sure to come next week as we give thanks, we need to put blame somewhere.

Greetings from down under this morning, Brazil that is.  Yes, I was off the cruise ship and right to work yesterday with little time to “catch up” on what I had been missing last week so this morning’s update is delayed slightly while I went through literally thousands of emails and thousands more RSS feeds.  Mortgage backed securities will not have to sift through that much data.  In fact, data wise, they will be virtually taking the week off.

First off I would like to thank Todd eternally for his kindly allowing me to post my exciting announcement here. Loan Officer Unleashed is now now open! What is Loan Officer Unleashed? To put it simply… A blog… But not just any old blog. Nope. That would be boring, and definitely not “announcement worthy!”

Morning Mortgage Notes from Bill Rice has just been added to my RSS reader. Bill’s been a long time trusted voice in my eyes. Great to see he’s established this new blog.