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texas mortgage rates: Air, Food, Water...and a Job Please! - 01/28/10 02:11 PM
Last night many American's tuned in to Obama's first State of the Union Address.  With concerns of jobs and the economy on our minds...it was impossible to miss this statement, "Jobs must be our No. 1 focus in 2010, and that is why I am calling for a new jobs bill tonight."  For most of us...after air, food, and water...having a job is pretty important.  It's nice to hear that Obama may turn his attention from his healthcare objective and give a little attention to jobs.  However, what struck me as odd is I could have sworn the primary objective of the … (0 comments)

texas mortgage rates: Where is the 4.5% Interest Rate? - 01/29/09 10:13 AM
Yesterday it was no surprise when the Federal Reserve said they would keep the Fed Funds Rate steady at 0 to .25%.  However, the committee did offer some positive expectations for homeowners.  They said that they continue to anticipate that "inflation pressures will remain subdued in coming quarters".  This forecast on inflation is bond friendly and will help keep home loan rates low.
The Fed said they will continue to purchase large quantities of agency debt and mortgage-backed securities to provide support to the mortgage and housing markets.  They went on to say they "stand ready to expand the quantity of … (1 comments)

texas mortgage rates: Bad Bank By Big Brother? - 01/28/09 09:50 AM
Big Brother Washington is looking to put together a "Bad Bank" and it could be announced next week.  What the heck is a "bad bank?"  It's not quite what the name implies.  This Bad Bank is essentially set up to buy the toxic assets, segregate them into a so-called "bad bank", clean them up, then manage the sale of these assets. 
If business can't manage this...why do we think the government can?  Well, it's been done before - successfully.  The FDIC might manage the plan.  Yesterday Former FDIC Chairman, Bill Seidman (1985 - 1991) said that in the past they took … (0 comments)

texas mortgage rates: What? Bonds Hear "Inflation"? - 01/23/09 09:46 AM
This morning, the entire Bond market, including Mortgage Bonds, are contending with the "I" word...inflation.   It may sounds a bit odd, however the traders in the pits have recently been talking about Obama's stimulus and rescue packages and the reemergence of inflation should they have a positive effect on the economy. 
To add to the trader chatter, this morning Fed member Frederic Mishkin was on CNBC saying that "inflation could come to the forefront given all of the government programs".  He went on to say that "once the economy recovers, liquidity must be taken out of the markets" - this means the … (0 comments)

 

Elizabeth Rose - Certified Mortgage Planning Spec - Texas

Highland Village, TX

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Network Funding, LP

Address: 2800 Corporate Drive, Suite 101, Flower Mound, TX, 75028

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