economy: Affordability, Stability, and Incentives Legislation Unveiled - 03/07/09 03:44 AM
 
As goes housing, so goes the economy. To combat housing's recent decline and the impact on consumers and Wall Street alike, the Obama Administration recently released the details of the Homeowner Affordability and Stability Plan (HASP). Whether you own a home or not, the impact of the plan will affect you.
Fortunes have been made and lost on the strength of the housing market and as housing struggles today, so do many Americans. Millions of homeowners have seen the value of their home decline and as a result, whether someone has been looking to refinance into lower a interest rate, … (0 comments)

economy: An Opportunity of a Lifetime - 02/25/09 07:49 AM
Warren Buffet says, "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." While Mr. Buffet was writing about buying stocks, the same can be said for housing today.
 
Housing issues have permeated the economy both locally and nationally. This week, one index that tracks housing prices, S&P/Case-Shiller Home Price Indices, indicated home values fell the most since 1968, declining 18.5% in December from the year before.
 
Looked at from a different perspective, this means home prices have fallen to levels not seen in six to twelve years, depending on … (0 comments)

economy: MASSIVE, NATIONWIDE INVENTORY REDUCTION SALE!!! - 02/24/09 08:44 AM
 
Prices have been slashed!!!
 
Low financing available!!!
 
Cash rebates up to $8,000!!!
 
Due to current economic conditions, we are offering huge savings off over-stocked items.  Buy at prices not seen in 5 years with rates among the lowest in history.  Sale includes, but is not limited to the following:
 
Single-family homes
 
Condos
 
Townhouses
 
Second Homes
 
Investment Properties
 
For the best deals nearest you, contact your favorite neighborhood Realtor. 
 
Hurry as these savings will not last forever.
 
For first-class financing service, call Karl Peidl of Superior Mortgage at 1-800-706-6671 ext … (6 comments)

economy: The Federal Reserve and Mortgage Rates - 02/05/09 01:33 AM
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economy: The Economic Crisis - A Quick and Simple Explanation - 12/31/08 01:07 AM
A friend sent me a link to this video.  I am routinely asked about the economy.  How did we get into this mess?  How are we going to get out of it?  Click here to see a simple explanation.
I understand the reactions to this video could be wide-ranging depending on your political views.  I am not sharing this to spark any debates.  Just sit back, scratch your head, and share your thoughts. 
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economy: Can't Afford to Fly? - 12/22/08 12:54 AM
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economy: 4.5% Just A Dream??? - 12/08/08 03:13 AM
Last week everyone was a buzz with excitement.  The Treasury announced they would step up the purchase of Mortgage-Backed Securities issued by Fannie Mae and Freddie Mac in a coordinated move to drive home loan rates down to 4.5%. 
As rates have decreased the past week or so, mortgage companies saw an increase in refinance applications.  News of rates potentially dropping to 4.5% gave cause for many to take a wait and see approach in hopes of landing the lowest possible rate. 
Though the government buying Mortgage-Backed Securities does help drive down rates, it may have been quite careless to announce … (4 comments)

economy: What an Obama Administration Means to Your Mortgage - 11/24/08 02:06 AM
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economy: Gasoline $ense - 11/19/08 01:36 AM
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Karl Peidl

Accredited Loan Consultant

Moorestown, NJ

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