SOURCE: Expert Group

December 05, 2007 16:15 ET

Expert Group, Inc. Closes Over $1.2 Million Dollars of Originations in the Month of November

MIAMI, FL--(Marketwire - December 5, 2007) - Expert Group, Inc. (PINKSHEETS: EXPT) is proud to announce Expert Financing has reported over $1.2 million in closings for the month of November 2007, which means a 134% increase in relation to the previous month.

Shirley Rico states: "Our first time home buyer program is very aggressive; it is truly a good time to buy because of low interest rates, and a decline in prices makes a good combination for the consumer added to the incentives given by FannieMae and Freddie Mac which allows them to buy better houses at lower prices. Mortgage applications increased nationally 22.5% last week due to rate cuts and lower prices."

30-year fixed rate at 5.6%; 10-year Treasury yield at 3.86%

Tuesday, December 04, 2007

Inman News

Long-term mortgage interest rates continued their decline Monday, and the benchmark 10-year Treasury bond yield edged down to 3.86 percent.

The 30-year fixed-rate average fell to 5.6 percent, and the 15-year fixed rate dipped to 5.18 percent. The 1-year adjustable slipped to 5.45 percent.

The 30-year Treasury bond yield was down at 4.32 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.

The company previously announced the coverage by Beacon Research Report.

To read the Research Report please click the underneath hyperlink.

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Expert Group, Inc. is a diversified financial services company, which markets a variety of financial products and services through Expert Financing, Expert Group Title Services, Expert Credit Fix. The company is currently looking for acquisitions in the financial sector and plans a roll-up of profitable companies in Banking, Brokering, Title Services and Insurances.

Expert is licensed by the department of Financial Regulations, and is a member of FAMB. Since inception, Expert has originated over 50 million in origination. We offer stock option plans to our loan officers, brokers, title agents and processors.

Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

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