Couples finances? August 25th Market Update - 08/25/10 12:27 PM
Good Morning,
 
I came across an article I got a kick out of today about couples etiquette for money.  I think the part that I found funniest about this is the need for multiple specific examples when the answer is the same, communication. That’s the part I agree with wholeheartedly both in and out of my marriage.  The best way to avoid stress and issues with anyone, be it a client, spouse or friend is to communicate…lo and behold, that applies to finances too! 
 
I guess I find it funny because it is a simple concept that we … (0 comments)

August 18th Market Update and the current state of refinancing - 08/18/10 12:09 PM
Good Morning,
 
I came across a good article today from Fortune magazine about the low interest rates.  It does a good job of broaching a part of the issue with homeowner’s and their ability to refinance in this current mortgage climate.  While the restrictions to get approved are a large part of the issue there is another issue we are seeing on the other side of the equation when they can qualify: Appraisal values.  Many borrowers are finding them selves with much lower home values than they originally believed, making refinancing extremely tough.  Now, if they qualify for the Fannie … (0 comments)

August 11th Market Update - 08/11/10 01:50 PM
Good Afternoon,
 
Different week, same story, rates are holding low and there doesn’t seem to be any major reason on the immediate horizon as to if and when they may go up. The one really big news that came out this week was the Federal Reserve’s outlook on the economy and their belief that the recovery is slowing down.   They still see positive signs of recovery but not at as quick of a pace as we have seen.  Will this be good for interest rates?  Only time will tell but the short term answer is yes.
 
Have a great … (0 comments)

August 4th Market Update - 08/04/10 12:54 PM
Good Morning,
 
Interest rates have held steady since last week. Even with economic reports and data coming out that would normally swing the market one way or another, it is almost as if traders are becoming numb to the emotional shifts and not reacting as dramatically as they have in the past.   The consistent market shifter, the monthly Jobs Report is going to be released on Friday…will that make a larger shift in interest rates…only time will tell.  Through the next couple days we shouldn’t see any real change in this interest rate climate.
 
For those of you … (1 comments)