mortgage: The Twin Menaces of Inflation - 04/15/08 11:21 PM
This week, a storm of bad news gave markets cold feet, resulting in Friday's 250-point loss. While this pattern of volatility has been the status quo for stock exchanges worldwide for the better part of the year-to-date, another factor has caused at least as many difficulties for a much larger percentage … (0 comments)
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mortgage: Current Issues with the Global Economy - 04/11/08 08:03 PM
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
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mortgage: Interactive Map of the US Showing Where Subprime Loans, Foreclosures, and Arms are by State,County, and Zip Code. - 04/04/08 07:25 PM
I posted an interactive map of the US showing where subprime loans, foreclosures, and arms are based on State, County and Zip Code. Its one of the cooler things I have put up in awhile. Unfortunately I cant post in the format used on my blog here :(.
But you … (0 comments)
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mortgage: Treasury Reorganization: Recession Response or Red Herring? - 04/04/08 02:35 AM
On March 31st, the Treasury Department announced a new plan to help the troubled financial sector weather the sub-prime mortgage storm. This new system replaces some agencies while redrawing the jurisdictions of existing authorities like the Securities and Exchange Commission and the Federal Reserve. In particular, the Fed's role in averting … (0 comments)
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mortgage: How to Post widgets in your sidebar in Active Rain - 04/01/08 09:41 PM
So every so often in Active Rain you see a blog with widget in the left side bar. For example in this blog
post http://activerain.com/blogsview/447602/-College-Park-Homes there are several little widgets in the sidebar. So for this example we are going to post a mortgage rates widget. Here is what it looks … (10 comments)
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mortgage: Why in Today's Market a 30 Year Loan is King - 04/01/08 08:33 PM
In the past I used to tell people to look at different mortgage rates for different loan products and determine what was best for them. If they were planning on moving soon a 5 Year ARM might work. If they planned on staying on the house longer they might consider a … (5 comments)
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mortgage: Benefits of Buying Real Estate in a Down Market - 03/31/08 10:16 PM
During an up market everyone is rushing into the real estate market and during a down market everyone is running scared. But if we remember markets go up and down. And generally in 10 years people that bought during a down market frequently are happier with the appreciation on their … (0 comments)
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mortgage: Does Anyone Need a Free Widget That Keeps Your Web Visitors Up To Date On Mortgage Rates - Or How I Wasted My Last Several Weekends Part 2 - 03/31/08 07:55 PM
A while ago I set out with a mission. Kind of like when james bond has a mission and climbs on a plane in midflight to stop someone from blowing up the world. Anyway my mission was a little more boring. Basically I wanted to automatically post updated mortgage rates on … (31 comments)
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mortgage: Does Anyone Need a Free Widget That Keeps Your Web Visitors Up To Date On Mortgage Rates - Or How I Wasted My Last Several Weekends - 03/29/08 08:07 AM
It started off simply enough. I had been updating site by hand to keep mortgage rates up to date. So I wanted to create a widget that would automatically update my website with current mortgage rates. Sounds easy enough right? But once I got started I just kept going. As long … (13 comments)
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mortgage: McCain Proposes 0 Percent Mortgage Rates - 03/27/08 07:38 PM
In a speech in California recently John McCain proposed 0 Percent Mortgages to help get the real estate market back on track. While 0 percent mortgages would help alleviate the current problems in the real estate market they would also probably put most mortgage companies out of business.
more on … (1 comments)
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mortgage: Bear Stearns and the New Federal Reserve - 03/26/08 08:24 PM
On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm's subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial … (0 comments)
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mortgage: Mortgage Interest Rates Fall This Week - 03/22/08 03:15 PM
autoupdating mortgage rates widget
Mortgage rates fell this week. 30 Year mortgages fell from 6.13 to 5.87. 15 Year rates fell from 5.6 to 5.27. It looks like lenders are trying to stay away from ARMS due to the heavy losses they are taking from ARM's from foreclosures. … (2 comments)
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mortgage: Why I Hate 40 Year Loans - 03/21/08 07:22 PM
During the subprime crisis we saw the advent of numerous bizarre loan products. In general the new loan products were designed to get people into houses they could not normally afford. As people started to default on their mortgages banks realized many of these loan products were not a good idea. … (5 comments)
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mortgage: Mortgage Industry Blackballs 9600 Zip Codes - 03/20/08 10:17 PM
So the mortgage insurers have decided to start blackballing certain zip codes. I am not quite sure how this does not count as redlining. Regardless this is some bad news after the positive news of mortgage rates falling the last two weeks. Read the rest of the story here Mortgage Companies … (3 comments)
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mortgage: The Global Economy - 02/23/08 05:16 AM
On February 14th Wall Street wasn't interested or feeling any good vibes: The Dow, as well as most of the other major stock markets around the world, finished down on recession fears. Why so spooked? For one, Federal Reserve chairman Ben Bernanke elected to announce that, despite recent encouraging news on … (2 comments)
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mortgage: Recession Risks: The Silver Lining - 02/06/08 05:09 PM
The US appears to poised on the very brink of recession. Investors are reacting as news of a contraction within the service sector for the first time in five years, an FBI investigation into predatory lending, and increasing unemployment statistics, has sent shock waves of panic through stock markets worldwide. Who … (0 comments)
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mortgage: Sovereign-Wealth Funds: Savior or Menace? - 01/28/08 06:05 PM
In recent months, the sub-prime crisis has reached unforeseen heights, infiltrating banks and financial institutions worldwide and causing many to report multi-billion losses due to the risky investments going sour. While the underlying economy of the US appears to be relatively robust, and the dollar's continued weakness has made investment and … (0 comments)
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mortgage: Subprime Woes: Are We Out of the Woods Yet? - 01/26/08 12:17 AM
In the last week, many encouraging signs have been on the economic radar: The Bush administration has stated that a consensus has been reached about the impending $145 billion economic stimulus package, the Federal Reserve has cut their most important interest rate by the largest margin in a quarter century, and … (2 comments)
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mortgage: US Recession Inevitable? - 01/25/08 01:08 AM
As the sub-prime mortgage scandal continues to play out badly for many US companies, more and more questions have been raised as to whether the impact of a slowdown in one area will translate into a nationwide, or even global, recession. Growth prospects within the US are limited for this year … (1 comments)
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mortgage: Fed Credibility goes Down the Tubes - 01/23/08 05:57 PM
On January 22nd, the Federal Reserve cut their most important interest rate for the fourth time in the past six months, in an attempt to stem the widespread sentiment that the US is in, or headed for recession. Their cut comes at a strange time, because they were rumored, nay, expected, … (0 comments)
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mortgage: Can The Bush Tax Cut Work? - 01/16/08 09:31 PM
After weeks of increasingly dismal reports from the financial sector, many regular Americans are beginning to worry that the US may be close to or already in recession. While government intervention in the economy is relatively uncommon in US history, since its establishment in the 1930's, the Federal Reserve has been … (0 comments)
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mortgage: The Latest Federal Rate Cut - Another Attempt to Bolster the Real Estate Market - 12/12/07 03:44 PM
The Federal Reserve cut interest rates on Dec. 11th on hopes that the credit crisis would be tempered from 4.5% to 4.25%. Markets were on the upswing up until the cut was announced because many investors were under the impression that the central bank, under pressure from all sectors of the … (0 comments)
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mortgage: Fed Interest Rate Cut and Promises of Future Cuts Should Help Troubled Housing Market - 09/18/07 06:22 PM
The Fed cut interest rates by .5% today. Although a rate cut was expected, 0.5% was at the upper end range of what was expected. This is good news for a troubled national housing market. The stock market responded with a 300 point rally.
The rate cut is important for … (1 comments)
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mortgage: What to Look for in a Real Estate Loan - Part 2 - 09/03/07 03:55 AM
In Part I, of What to Look for in a Real Estate Loan, we discussed the components of the loan that do not require lenders' quotes. The following components of the loan, including interest rate, points, and closing costs can get pretty involved and you will probably need to discuss the … (3 comments)
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mortgage: Lowering Your Monthly Mortgage Payments - 08/24/07 06:42 PM
When you decide to buy a home, getting the best possible loan is important. It can save you thousands of dollars. How you can keep your monthly mortgage payments down? These are the different components of the loan that can affect your monthly mortgage payments.
1. Down Payment:
The down … (1 comments)
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