Holiday Schedule: July 4th
06/30/2008
Bryant Surety Bonds will be closed on Thursday, July 3rd for Independence Day Weekend; we will return on Monday, July 5th. We hope you all have a safe and pleasant holiday. While we are closed, please explore our website for information on surety bonds, and when you are ready, use our free online application. We look forward [...]
Mortgage Apps drop to over 6 year low?.Rates also Fall
06/25/2008
Mortgage applications for the week ended June 20 dropped 9.3%, the lowest since December 28, 2001.
Borrowing for a 30 year fixed-rate mortgage averaged 6.39% in last week, down 0.18 percentage points from the previous week, this is also below the average 6.60% of a year ago.
A fidelity bond protects employers from employee theft by guaranteeing the employers money and property when an employee causes damage through careless or dishonest action. Typically, insurance companies and security firms are required to obtain a fidelity bond.
The Fidelity Bond market does not fluctuate much, and there are no specialty markets or programs.
An interesting side note: the name fidelity bond is misleading as it is not a bond at all, but rather a form of insurance.
