An article was released today quoting The Donald in a phone interview on CNBC's "Squawk Box." The article quotes Mr. Trump as saying: "The banks are not lending money, there's no money out there, no matter how strong you are, no matter how good your deal is, if you go to a bank today they virtual
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04/15/2009
Mortgage rates held on to improvements made over the previous sessions today. Little Mr. Doubting Thomas here was sure they were going to climb back up. DARN YOU MAGIC 8-BALL!!!!!! Lucky for you fence-sitters out there, you got to weigh the pros and... well, they're really all pros... for ano
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03/31/2009
The last couple of bond market cycles have produced a nice little drop in rates. Although it's impossible to predict any bottom (stock market, gold market, real estate market, rates), all factors point to rates being as near to the bottom as we can really hope to guess: 4.625% Rate / 4.773% APRP&
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03/30/2009
In my blog at the beginning of March I outlined my understanding of that portion of ARRA (the American Recovery and Reinvestment Act of 2009), designed to curtail foreclosures and assist homeowners in taking advantage of the historically low mortgage rates currently available. My original blog en
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03/30/2009
Please see the bottom of this post for updates and lots of great comments below that! Original title of this blog was "The Home Affordability Refinance Program" (corrected from 'affordability' to 'affordable') once the program title had been verified. As announced in February, the terms of the $7
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03/04/2009
YES: I realize this is not the first time I've referenced Star Trek in a blog entry; NO: I've never been to a Star Trek Convention. Not that there's anything WRONG with that... Sing with me now: 'Star-Trekkin' across the Universe...' What a week this has been! Here are a few highlights: Stocks
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02/27/2009
Rates have had a bad run over the last couple of days and we're back solidly into the fives. Well, 5 at least... 5% Rate / 5.152% APRP&I payment: $2,238.55Loan amount: $417,000Equity: 20% / Credit Score: 740Loan Program: 30 Year Fixed Hey, looks like we are back to a maximum conforming jumbo loan
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02/26/2009
Ok, if that's not enough to get the fence sitters off their duff and into their Realtor's car, also consider this: There are currently 15 million students in colleges and they're not all going to move back home after graduating; 60% of current marriages will soon need two households due to divorc
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02/26/2009
Foreclosures: bail out or fail out? While many of the details have yet to be made clear regarding the foreclosure rescue plan, there is certainly no lack of media coverage. The article was written for the New York Times and carried by the Seattle PI (they are cutting back after all), calling the
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02/20/2009
It was a day at the beach for interest rates today after a modest improvement yesterday afternoon. Here's what we're seeing for a minimum credit score of 720: 4.875% Rate / 5.026% APRLoan amount: $417,000Down payment/equity: 20%Loan Program: 30 Year Fixed The past couple of days have brought cons
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02/18/2009
