Jay Beckingham's (jayb) Blog

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Mortgage and Lending - Christensen Financial Mortgage - 385907

ARCHIVED BLOG POSTS

2007 

Look out! Here they come!The population will increase and the traffic, oh the traffic, we know what that will be like but;Will sales increase?I would like to immediately discount or throw out any historical perspective because I believe our current market is unique.Snowbirds usually already own t...
09/29/2007
Oh no! not again! more good news! Well they had to report it!On Friday, September 28th CNNMoney reported that consumer spending tops forecasts.THIS IS A BIG DEAL. "Spending by consumers is crucial to the nation's economic growth, accounting for nearly three quarters of economic activity," CNN rep...
09/29/2007
Okay so you want to buy a home for mom and/or dad. They're going to move in , but your not.Did you know, that FNMA let's you treat this as a primary residence?This is an agency program. You need only write a letter that you are purchasing this home for your parent, who does not qualify on their o...
09/22/2007
It's hard to believe, but many homeowners with mortgage problems don't call their lender or don't return phone calls and/or  letters  from their mortgage  lender.  Both Secretary of Treasury and Fed Chairman Bernanke delivered the same message to Congress, before you start making changes to fix t...
09/22/2007
The Fed cut the rate 1/2%.The Bond market didn't like it.Why?The Bond market sees the Fed's #1 concern as fighting inflation. It's kind of a selfish position, although true, since inflation helps deteriorate the value of the bonds.The Bond market perceives the current Fed cut as possibly being in...
09/19/2007
Hey I've lived in Southwest Florida for 15 years and there's a gooooood reason for it. It's simply marvelous!!!Let's see:plentiful white sandy beaches, check got em.golf courses, best quality anywhere, check got em.boating and fishing, check got em.This is just the obvious stuff! This list could ...
09/19/2007
Okay it was 2:30 time to go take a look at what the Fed did. 1/2%, I don't believe it!My initial reaction: I don't like it, bad move.Just one man's opnion, or maybe not.The stock market loves it. That's not necessarily a good sign for mortgage rates. The bond markets initial reaction is to push r...
09/19/2007
Thanks Fed, nice cut, but I still don't have any equity.I'd like to refinance my current lousy loan, but I can't because I currently owe more than the value of my home.Can someone help me with this?Sorry, No.I would like to sell my home and I've been trying, but I owe more than the value of my ho...
09/19/2007
And down the stretch they come!  Hey this truly is a horse race.Keep in mind that the Fed's job/role as traditionally established is to control inflation and employment/economic growth. Chairman Bernanke and other Fed chairs have repeatedly said that they do not want to cut rates to bail out fina...
09/15/2007
Since the "bus driver" first introduced me to active rain (actually I didn't respond the first time) I've really enjoyed the writing and reading of articles. There's such a diversity of topics and opinions as well as different levels of passion and intensity. It's really kind of cool.BUT, now I'm...
09/13/2007
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Jay Beckingham

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