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The government's takeover of Fannie Mae and Freddie Mac - mortgage titans that own or guarantee about half of all U.S. mortgages - will help borrowers who had been nervously waiting for the best time to get out of the adjustable-rate mortgages they took out during the housing boom. But it will do...
09/08/2008
President Bush earlier this summer signed a bill that aims to prevent foreclosures by allowing an estimated 400,000 homeowners to swap their mortgages for more affordable loans, but only if their lender agrees to take a loss on the initial loan. More legislation to help borrowers avoid foreclosur...
09/08/2008
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The average interest rate for a 30-year fixed rate mortgage dropped 0.3 of a percentage point to 6.04 on Monday, according to HSH Associates, and are expected to decline a little more in the coming weeks. While it's nothing like the refinancing boom several years ago, Monday brought a rare moment...
09/08/2008
6 Signs of a Housing Market Pickup (for Phoenix area Real Estate) Price Reductions - New Home Builders are and dropping prices throughout the East Valley and West Valley towns of Peoria, Surprise and Glendale. Traffic - reports from New Home Builders and Broker offices indicate traffic picking up...
09/08/2008
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The government's takeover of Fannie Mae and Freddie Mac - mortgage titans that own or guarantee about half of all U.S. mortgages - will help borrowers who had been nervously waiting for the best time to get out of the adjustable-rate mortgages they took out during the housing boom. Mortgage rates...
09/08/2008
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when the candidates wake up tomorrow there are exactly 61 days until the next President is decided (assuming we dont have a recount) what do you think?? Obama with his smooth and electric style and message of change?? McCain with his unmatched track record of service to this country in war and at...
09/04/2008
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John McCain was not Barak Obama. He wasnt expect to be. He wasnt Sarah Palin. He wasnt expected to be. He was John McCain. And he was good. John McCain, wowed the crowd Tonight. a POW turned political rebel, vowed Thursday night to vanquish the "constant partisan rancor" that grips Washington as ...
09/04/2008
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Sarah Palin was good. No, she was GREAT"" called by some in the media as the greatest political speech of all time (Laura Ingram) In her first national address, vice presidential nominee Sarah Palin wowed the Republican convention using wit, sarcasm, charm and ridicule in a full-scale assault on ...
09/04/2008
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Not good, not good , not good The Dow Jones Industrial average is dropping, and dropping quickly today as Wall Street is interpreting new information about jobless claims (unemployment) as very bad for teh economic outlook. Wall Street dove sharply lower Thursday, sending the Dow Jones industri...
09/04/2008
You have all heard the investment phrase, ‘Buy Low Sell High'. seems simple enough.... However, how do you help buyers actually do just that? Let me share a story which might help shed some light on this investing " Holy Grail " "Finance 101 says that, "the best time to buy is when opportunities ...
09/04/2008