Sherri 's Blog - Archives January, 2008

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Need Help Explaining the Recent Fed Cut? - 01/25/08 12:22 PM

If your clients are inquiring about the Federal Funds Rate cut on Tuesday here is some information that can help you explain what it is and how it does/doesn't affect mortgage rates.
1. When the Feds cut the Federal Funds Rate, it does not mean that they are cutting mortgage … (0 comments)

Is Your City in a "Declining Market"?? PART 2 - 01/16/08 10:21 AM

Yesterday, Jon Zolsky asked me how he could find out if his area (Daytona Beach, FL) is also in a Declining Market. On my previous post, Is Your City in a "Declining Market"?? I talked about the fact that Minnesota has just been added to that glorious roster. Yes, I am being quite … (6 comments)

Is Your City in a "Declining Market"??? - 01/15/08 11:31 PM

There has been much disturbance currently about the consequences of the designation of Minnesota and the 11 county Twin Cities Metro area (as well as Pierce and St Croix counties in WI) as a "Declining Market". Yes, our state recently "earned" that label. Along with this designation comes more challenges for Loan … (10 comments)

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