Cash Flow Coach

Have you been to downtown Lansing recently?In the midst of growing foreclosures & higher unemployment around the state, Lansing is in the middle of major changes to it's skyline.  Last night, Mayor Virg Benero outlined some new tax incentives to homeowners and investors for home improvements.  (r...

  The Fed met yesterday and today to discuss inflation and the economy.  They decided to cut the Fed Funds rate (FFR) by .50% to stimulate a slowing economy.  There's a lot of debate as to whether we're in a recession or not.  Some pundits say that if the Fed starts to talk about a potential rece...

After yesterday's emergency .75% rate cut by the Federal Open Market Committee (FOMC), I have received numerous calls and questions as to how low will the FED go and how low will Fixed Rates go?  If you read my previous post on the FED Rate Cuts, you know that the two rates don't always move in t...

Will Fed Rate Cuts Equal Lower 30 yr. Fixed Rates?The Federal Reserve will be meeting on Jan. 29th & 30th to discuss the state of our economy.  Will they cut rates and if yes by how much?  Will the rate cuts lead to decreasing or increasing mortgage rates?There's a lot of confusion about the Fed ...

The President signed into law a new measure that would eliminate the tax burden on forgiven mortgage debt (read more).  With the rise in short sales and foreclosures across the country, many homeowners were responsible to pay tax on any and all of the mortgage balance that wasn't paid or forgiven...

Higher Demand or Lower Supplies = Increased PricesIt's a basic economic principle that when supply increases, prices come down. And, when supply decreases, demand can rise and prices will rise with demand.   (a good resource is Basic Economics, by Thomas Sowell)As Banks take over more and more pr...