The 8 CEO Surprise!
Well, I had the banks eight CEO’s going all day on the TV in my office so I could hear what they had to say for myself and not through the talking heads on the daily news. (Maybe it’s just me but I don’t think I ever get the real deal on the [...]
Strong Housing Market? Where?
Believe it or not there are some places around the US that have strong housing markets. That doesn’t mean they are undergoing a boom of sorts like California and some other states did but it does mean they are holding their own and not suffering a downtrend like so many other places are [...]
Federal Funds Rate Stays the Same
Though I won’t post the entire statement from the Fed, here is the basic information.
The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds [...]
What to Expect in 2009
Though no one has a crystal ball, there is a lot of discussion about the real estate and mortgage industry right now. I have heard things that seem to be rather outrageous, like interest rate going to 2 and 3% and things that seem more reasonable, like interest rates going to 4 to [...]
Why Rates Came Down
A few weeks ago Fannie Mae released its first earnings report since the federal takeover. To say the least, it wasn’t good. The media used words like dismal and gruesome. The reason was Fannie Mae had the largest loss of any U.S. based company this year and yes; this was AFTER the federal [...]
Will the Housing Market Get Better
The short answer to this question is yes. The defining question after that is; when? And that’s the one thing no one knows. I tune in and listen to the financial news almost daily and read several blogs and articles each week to try and stay on top of what is going on for [...]
After the Election is Over
It depends on who you listen to as to what is happening to the economy. I always like to listen and see what people say about the markets as they ebb and flow. If you follow the markets like I do, you realize that there were several key elements of information that was released [...]
Feds Cut Rate Again by .500
I have already been called this morning and asked if interest rates are going to fall again. My answer, I have no idea. Interest rates are not following normal historical indicators so no one that I know feels confident in predicting what might happen. It also takes anywhere from 6 to 12 months [...]
The First Presidential Debate and the Economy
After watching the debate last night I am hearing that there are a lot of people who came away with the same thoughts as I did. Neither one of the presidential candidates wanted to address the current economy situation, but really, who can blame them?
I’m in the mortgage business and I can tell you that [...]