The real estate market is down, and staying down. Some would say it’s “down for the count”.
Foreclosures are up, way up. There doesn’t appear to an end in sight.
Mortgage companies and now banks are going belly up, and those that aren’t are barely scraping by. Sub-prime funding for homeowners in trouble has […]
Is Your ARM Broken…Or Is Your ARM Making You Broke? Since the Federal Reserve recently stopped it’s three year crusade to increase the Prime Rate every six weeks, most people with adjustable rate mortgages (ARMs) expected their already high rate to stabilize. Unfortunately, it takes up to 18 months for the indicators linked to some […]
Some Reservations at The Federal Reserve
Almost all major financial analysts are predicting that the Federal Reserve, under Ben Bernanke’s direction, will leave the Fed rate of 5.25% untouched at their meeting today. Now, with the recent reports indicating a downturn in sales of durable goods, plus the continuing drop in new housing starts and home […]
Here’s some more info about where interest rates are headed, and its not good. Even the head of a group that critiques the Federal reserve’s policies thinks rate increases are still coming in the weeks ahead. So if you’re buying a new home or refinancing your current home (especially if you have an ARM), now […]
Is an Adjustable Rate Mortgage Your Best Deal?
If you’re looking for a mortgage, what kind do you need. There are hundreds of different programs out there, and you probably don’t want or need to become an expert on all types of mortgages. You just need to hire a licensed professional you can trust to find the […]