cut: Interest Rates
- 11/30/07 01:15 PM
I read an article from REALTOR® Magazine online that points out that interest rates are at 2 year lows. The 30 year fixed dropped to 6.1 percent this week. And with the industry and the economy being the way it is now, another rate cut could be in the future. Lenders I talk to say that another 25 basis points or in other words another quarter of a percent could be cut in December. That would be great, and then again, it might not be as good as I hope. Most mortgages are already being traded at lower rates in anticipation of … (2 comments)
cut: A New Anti-Predatory Loan Bill
- 10/22/07 12:21 PM
I was reading that Democrats are going to introduce a new bill. This bill would set standard rules for lending across the country. One part of the bill would require lenders to be licensed. Another would require them to have due diligence when they check if a borrower is able to repay the loan they are offered. There are many pages of this bill, you can check out the bill at this link; http://www.house.gov/apps/list/press/financialsvcs_dem/press102207.shtml
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cut: Healthy Market?
- 10/01/07 01:24 PM
Today I read an article (see link below) that mentioned how market is healthy. I think that the housing market is a little down, but I would not say it is healthy. It is not bad, it is not good, it is just different, and this article shows why. Please feel free to read it and comment on it. http://www.realtor.org/RMODaily.nsf/pages/News2007100103?OpenDocument … (2 comments)
cut: Interest Rates on the Rise, Again!
- 09/27/07 05:04 PM
Wouldn't you know it, interest rates are on the rise again. I know that the Fed just cut rates and that it was a good thing, but, I keep trying to figure out for who? If they cut the rates again, what would be the outcome? Would we actually see the interest rates charged to our clients/buyers go down? Or am I being naive? I like to think people are basically good. However, I wonder who is benefiting from the recent rate cuts? Is greed at play here? I might be wrong, but, if this industry is going to get back on … (1 comments)
cut: So much for the Rate Cut!!!
- 09/20/07 05:44 PM
I never honestly thought the rate cut would make a big difference in lending or for the rates charged to our buyers. Well maybe it does on the lending side because they can now make more money offering the same rates or, charge more in fact. The new rate is what the rates had been trading at before the RATE CUT announcement. The bottom line is that rates actually went up http://money.cnn.com/2007/09/20/real_estate/mortgage_rates/index.htm?postversion=2007092010. So what good did the rate cut actually do? In my opinion I believe that buyers will realize that now is a good time to buy. And as REALTORS we can make our clients … (5 comments)
cut: Today Is "THE DAY"
- 09/17/07 07:46 PM
I will be watching the news today with my fingers crossed hoping the Feds make some sort of RATE CUT. In all honesty I doubt it will be a big cut, or that it will matter if it is a small cut. But, there is a glimmer of hope that the Fed does something dramatic causing a chain reaction of events that will eventually lead into the stabilization of the Real Estate Market. I pray that this happens for all of those associated with this market, REALTORS, Lenders, Home Builders, Construction Workers, Plumbers, Electricians, any one that makes their living off the … (5 comments)
cut: Will the Feds Make The Cut?
- 09/17/07 05:40 PM
I believe the Feds will make the cut. But, from talking with my lender, even if the cut is 50 basis points that will not make a huge difference in actual rates. However I do believe that the media attention and the Psychological effects it has on the market will be good. And how it seems that all you read and hear about is how bad the market has gotten. Finally, even if its a meaningless action, the news will be positive. And hopefully all those sitting on the fence like buyers and Investors will start buying. Standard and Poor's rep … (4 comments)
I read an article from REALTOR® Magazine online that points out that interest rates are at 2 year lows. The 30 year fixed dropped to 6.1 percent this week. And with the industry and the economy being the way it is now, another rate cut could be in the future. 
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