RATES ARE LOW

Mortgage rates have hit the lowest on record!! The time is now if you are thinking about getting out of an ARM or looking to lower your monthly payment.

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The real Wall Street greed!!

This is a great story that was posted on Yahoo today. This is what happens when people are blinded by greed!


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FED rate is @ .25%!!

Wow, now it doesn't even cost Americans 1% to borrow our own currency!! If anything this should make banks really happy!

The link is for a Yahoo article which lists 6 things that lower FED interest rate will affect you.

http://finance.yahoo.com/news/6-Things-to-Know-About-the-usnews-13847905.html

The government is trying!!

The brain trusts of America are starting to think that lower interest rates on mortgages will help to solve the housing issues in America.

Not sure if this step will be a the cure all, but it will help. I personally think it is a start in the right direction. I will even go out on a limb and say that depending on unemployment rate, the housing bust might be over in late 2009/early 2010, if rates stay low for the next six months.

http://finance.yahoo.com/news/USbacked-banks-could-be-rb-13846617.html

Lowest level in 4 years!!

Mortgage rates are falling!! Not sure how long this will last, but I think rates should stay between 4.5% - 5% for the next month.

Contact us to find out what the current rates is.

DOOM n' GLOOM

It'sall about doom and gloom these days. Bloomberg is reporting today that 1 out of 10 homeowners are behind on their mortgage or in foreclosure. OUCH!


http://www.bloomberg.com/apps/news?pid=20601087&sid=a37uyBrX6dvY&refer=worldwide

A good deed

This company handed out more then a turkey this Thanksgiving!

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Tips on how to boost your home’s value!

I still think the most cost effective way to enhance your home value is a nice fresh coat of paint. It can be done as a weekend project or you can hire a professional. Either way it will give your home a fresh look and is gentle on your budge.

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Real Estate down 17% in Sept!!

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The latest Case-Shiller home price index released Tuesday by Standard & Poor's shows prices falling at an annual rate of more than 17% in September across the country, with all 20 markets tracked by the index showing declines from August and to September of 2007.

Home prices on a national level are down 17% in September. Please keep in mind that not all homes are declining in value. Unlike other investments, real estate is based on the local market value rather then the national value.

At the same time, when looking at the big picture, it looks a little scary

The FED is buying mortgages

The FED is going to purchase trouble mortgage assets, which it hopes will ease lending and help put a bottom on home prices. With this announcement mortgage rates have dropped dramatically this past week.

“The rate reduction is exactly what the Fed intended: "This action is being
taken to reduce the cost and increase the availability of credit for the
purchase of houses, which in turn should support housing markets and foster
improved conditions in financial markets more generally," the central bank said
in its announcement."

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