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With the jobs market coming in at the worst levels since September 2005, and the largest once month decline since March of 05.  We are seeing bonds go higher this morning.  Stock futures were higher this morning, but have opened at unchanged.

I know we are all fearing what Big Ben may call a recession, but I urge you to let all of your clients know that rates are still very great.  FHA is a great way to buy a house with low or no downpayment.  As I tried to tell a Realtor yesterday, what we could have done last year is quickly falling by the wayside this year.   Sadly, I don't believe I ever got through to her. 

I know at times we are inundated with information some of it real and some not so real.  Living and working like nothing is going on is the wrong thing to do and you will be one of the many that will leave this business.   

 

4 Comments on Mad Mortgage Machine Minute - April 04, 2008

I enjoyed your blog. We just have to get up every morning and work each day like it was our last. Things will get better. We are working with huge REO packages and we are doing quite well. 

04/04/2008 10:47 AM by Keith Goodman

now is a great time to buy and you are right fha is a great choice

04/05/2008 12:44 AM by Central Oregon Real Estate | Thesa Chambers, Broker (RE/MAX Sunset Realty La Pine)

Great Post, Dave.  Thanks for visiting my new group on ActiveRain: Realtors Converting Leads with Credit Repair.  Shayne Sherman speaks very highly of you.  Looking forward to meeting you in July if not before.

Pam

04/06/2008 09:31 PM by Pamela Brubaker (Prudential One Realty)

Now is the time to buy if you can!  Great post.

04/09/2008 05:48 PM by Jacob Webster Indiana's Senior Mortgage Consultant (Sagamore Home Mortgage, LLC.)

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Loan Officer: Dave Woodson (Indigo Financial Group Inc.)
Dave Woodson
Portage, IN
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Indigo Financial Group Inc.

Office Phone: (219) 872-8000
Cell Phone: (219) 608-9790
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