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loansource: Mortgage Rates Are Not Dropping - CNBC Explains - 05/05/08 08:48 PM
The Federal Reserve dropped their short term Federal Funds Rate an additional .25% last week which brings the total adjustment of 3% since the fall of 2007.  The questions remains, why are mortgage rates not dropping in sync with the Federal Funds Rate?
Click on the link below to watch a CNBC video which includes an easy to understand explanation.  Enjoy. Video title: Assessing Mortgage Rates - Making sense of mortgage rates, with CNBC's Steve Liessman.
If you have questions or comments, just ask.
Jim Hogan, The LoanSource
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loansource: Federal Reserve 5/30 Press Release Commentary - 05/03/08 01:26 PM
Included are a few exerts from the Press Release by the Federal Reserve yesterday, April 30, 2008 concerning their action to lower the Federal Funds rate by an addition .25%. If you want to read the entire press release, just click here.
"Recent information indicates that economic activity remains weak. Household and business spending has been subdued and labor markets have softened further. Financial markets remain under considerable stress, and tight credit conditions and the deepening housing contraction are likely to weigh on economic growth over the next few quarters".  My translation:  Yes, we are in a recession and have been for … (0 comments)

loansource: The Game Has Changed - 04/21/08 01:33 PM
The game has changed but mortgage rates are still low and opportunities remain for those people who are prepared to take advantage of the depressed housing market and some of the lowest fixed rates in over a decade!
Are you prepared?
The Federal Reserve has been lowering the Federal Funds rate since last year, but their next scheduled meeting on April 29 - 30, 2008 is not expected to provide the same result.  The fear of inflation seems to have put the Federal Reserve in a difficult position.  They would like to spur business and commerce by lowering the Federal Funds rate again, … (1 comments)

loansource: It’s Leap Day…What did you do with your Extra 24 Hours? - 02/29/08 08:43 PM
Eon’s ago, smarter people than I determined that in order to keep summer during the summer months and winter during the winter months, we would have to add one extra day to the calendar every four years.  Since February was the shortest month, it was the most logical choice.  I don’t know if that is true, but it makes sense to me.So, what did you do with your extra 24 hours?  You have heard the old adage…”There is no time like the present”.  We get hung up in the pressure to do more, perform better, deliver more.  Well, a very smart … (7 comments)

loansource: Increased FNMA & FHLMC Loan Limits Will Solve the Mortgage Loan Crisis…or Will It? - 02/11/08 03:55 PM
Let's take a look at the effects of the economic stimulus package on the mortgage industry and how it may filter down to the consumer. 
The US Senate has passed the Economic Stimulus Package and the President is scheduled to sign it into Law which means that we are one step closer to the implementation of higher FNMA/FHLMC loan limit.  As is with most laws, the written word does not dictate to the "market" how to apply these changes.
Uncertainties remain:
Will the entire country be allowed to move to the higher loan limits?  The method for determining which geographic area will move … (2 comments)

loansource: Buying a foreclosure using the FHA 203-K Renovation loan…a Match Made to Order! - 02/06/08 02:59 PM
Atlanta GA, -- Foreclosure’s are on the rise and there are huge opportunities for home buyers who in buying real estate at bargain prices. Opportunities yes, but they come with their own set of problems and risks.  The Problem:Most foreclosed properties are not in the best of shapeMost foreclosed properties require extensive repairs and renovationMost buyers today do not have the cash available to renovate Most lenders will not lend on properties that require extensive repairs until the work is complete.
What is a buyer going to do?
To the Rescue…The Department of Housing and Urban Development offers a home loan through the … (1 comments)

loansource: Notework Your Way to Success...and Into Your Customer's Hearts - 11/28/07 02:56 PM
I have found a system that has helped differentiate myself from my competition?  Just think of the feeling you get when you see a hand addressed notecard sized envelope on your desk or at home.  You open the envelope and smile because the message make you feel important.  You will be remembered if you follow the Noteworking Success System TM, a simple system  that will reap big rewards.  The key word here is system...a planned, repeatable event that is designed to generate a desired outcome. 
Take a few minutes to learn the secret directly from the President and Founder of Profits … (5 comments)

loansource: Don't Believe everything the News Media it Saying About the Mortgage Industry - 10/25/07 02:47 PM
There is ample money available for those looking for a Mortgage Loan  
The Mortgage industry is continuing to experience unprecedented change and that is a good thing.  Why?  
1) Mortgage Lender and Brokers are exiting the business in record numbers which leaves the professionals available to help those searching for a competent consultant.
2) The news media has been largely inaccurate in reporting the availability of mortgage credit.  Actually, there is ample supply of mortgage money available for the traditional borrowers.  The difference is that if you are in search of a solution to your mortgage needs, you need … (1 comments)

 

Jim Hogan - Atlanta Loan Source

Sandy Springs, GA

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