20 Billion Homeowner Bail Out Plan - Senator Dodds - 01/24/08 01:24 AM
Senator Dodds in seeking a $10 billion to $20 billion dollar program to bail out distressed borrowers.  Under this temporary program, the government would purchase distressed mortgages at discounts and finance them at 30 year fixed rate mortgages.  This approach would also strengthen the Federal Housing Administration's role in mortgage lending … (0 comments)

30 Year Fixed Rate Falls to Lowest Since 2004 - 01/24/08 12:34 AM
In an effort to avoid a market meltdown and the road to a possible recession, the Federal Reserve lowered its overnight lending rate by 75 basis points.  The Discount Rate was also lowered 75 basis points.  This was the largest cut in the federal funds since 1982.  According to economists, an … (4 comments)

2008 Housing Market Outlook - Another Great Depression? - 01/08/08 12:59 PM
Opinions vary concerning the outlook for the 2008 housing market, but the bottom line is very clear, the housing market is experiencing a downtown and the buyer's market is here to stay for awhile.  The new Moody's Economy survey has revealed some disturbing projections for 2008-2009 with forecasts of record losses.  Metro areas are expected to have lossess … (1 comments)

 
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