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realtors: Rates are going up... - 10/27/08 04:32 PM
FHA @ 7% today
30 YR Fixed just priced one out @ 6.75 and the credit was excellent
A little forwarning trying and warm your clients up to the idea that rates are going to get worse and will continue to for some unkown amount of time. This idea of low rates spurring growth is way to late in the game to make a difference so the long postiton on rates is that once we realize growth will no longer be fueled by low rates, they will begin to rise as the market starts to stabilize the right way...Rewarding risk with return … (7 comments)
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realtors: From the report on the fianncial condition of the US Governemnt - 10/23/08 03:56 PM
Unsustainable Debt
As noted earlier, the Government must borrow from the public to finance any gaps between expenditures and
revenues. Increased borrowing leads to higher debt service (net interest) which in turn can make it more difficult to
balance expenditures and revenues in the future. Chart J shows that by 2030, public debt is projected to rise to 68
percent of GDP, surpassing the non-wartime peak of 49 percent in 1993. By 2040, public debt is projected to be 128
percent of GDP, well above the
World War II peak of 109 percent,
and by 2080, debt is projected to
… (3 comments)
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realtors: Monday...Month end is here... - 07/28/08 11:22 AM
Well the end of the month is upon us... Hopefully you had a great month. Rates are holding at the 6.625%, they have been hovering between 6.625% & 6.75% for about a week and a half. The governemnt has been doing a great job of messing with the housing market and it looks like they still have some mucking around to do... THere latest ploy is to eliminate the Down Payment Assistance programs offered by two companies. Ecentially if you local programs exsist for DPA you should be fine the two major organizations that will be effected are Niehamia and AmeriDream I … (0 comments)
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Nathan Goodman
Bozeman,
MT
More about me…
Guild Mortgage Company
Address: 1925 N. 22nd Ave. Ste. 103, Bozeman, MT, 59715
Office Phone: (406) 522-8800
Cell Phone: (406) 580-0149
Email Me
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