Kris Krajecki's (imcallingkris) Blog

Passed by a vote of 348 to 72, the bill reforms the Federal Housing Administration and is the latest lifeline thrown to borrowers from Washington as the fallout in the mortgage market continues. About two million loans are expected to reset to higher rates in the next two years, with defaults exp...

Treasury 10-year notes fell the most in six weeks as investors speculated inflation will accelerate after the Federal Reserve cut interest rates by a half-percentage point. The difference between two- and 10-year Treasury yields rose to 55 basis points, the widest spread in four weeks. The Fed ye...

History repeatedly serves to show us that the real estate market is cyclical. It has boom times and stagnant times, occasionally it suffers a crash but real estate never becomes worthless, therefore if the experts are right and we're about to suffer a slow to stagnant period in the real estate ma...

Did you know that the fiscal year for Japanese companies ends in March? Do you care? You SHOULD...if you want the best deal on a new television for your home theater system.That's because new models and products are scheduled for release at the beginning of the new fiscal year--which for Japanese...

The economic calendar thickens up considerably this week, giving a read on manufacturing, inflation and housing...but many of these reports will take a back seat to the Fed's Policy Statement and Interest Rate Decision, to be released on Tuesday afternoon. Traders are forecasting a 100% chance of...

Treasuries rose as a government report showed sales at U.S. retailers increased last month less than economists forecast and a British mortgage lender got a bailout from the Bank of England. Traders raised bets that the Federal Reserve will cut borrowing costs half a percentage point to limit the...

I received an interesting e-mail from countrywide this morning....Just thought I'd share.Dear Business Partner: As we continue to adapt to challenges in the mortgage market, this communication is the second of a series from Countrywide®, America's Wholesale Lender®. In these ongoing communication...

Many Americans spend a lot of time preparing and planning trips to other countries, be it a winter vacation in the Caribbean or a once-in-a-lifetime trip to Europe. Here are a few important travel tips to make sure your trip is as smooth as possible, and suggestions for what to do if the unexpect...

Economic Calendar for the Week of September 10 - September 14 DateETEconomic Report ForEstimateActualPriorImpactTue. September 1108:30Balance of TradeJul-$59.0B -$58.1BModerateWed. September 1210:30Crude Inventories9/07NA NAModerateThu. September 1308:30Jobless Claims (Initial)9/08NA NAModerateFr...

Will all the back to school buying that happened last month help boost this week's read on August Retail Sales? It's the biggest economic report coming this week, due to be delivered on Friday morning. It will be interesting to see if the turmoil in the financial markets during August had an impa...