realtor: Historical Chart of 30 yr fixed and Prime Rate going back to 1963 - For all those who think rates are not going up, think again... - 10/29/08 03:16 AM

This chart shows why rates are going to go up and possible where they are headed.  If rates are cyclical then this chart should provide some clarity as to where rates are head in the short term.  The one thing this chart doesn't reflect is that I believe that 30yr rates will start to act on there own away from the prime rate.  In the future the 30 yr rate will not pair itself with the prime rate.  This is due to factors effecting 30 yr rates that do not have a sever and direct effect on the prime rate.  There … (4 comments)

realtor: Rates are going up... - 10/27/08 09:32 AM
FHA @ 7% today
30 YR Fixed just priced one out @ 6.75 and the credit was excellent
A little forwarning trying and warm your clients up to the idea that rates are going to get worse and will continue to for some unkown amount of time.  This idea of low rates spurring growth is way to late in the game to make a difference so the long postiton on rates is that once we realize growth will no longer be fueled by low rates, they will begin to rise as the market starts to stabilize the right way...Rewarding risk with return … (7 comments)

realtor: Some humor on a day when it may be hard to find some... - 10/07/08 09:04 AM
Look for these mergers/consolidations to occur soon...1. Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W. R. Grace Co. will merge and become: Hale, Mary, Fuller, Grace. 2. PolyGram Records, Warner Bros., and Zesta Crackers join forces and become: Poly, Warner Cracker. 3. 3M will merge with Goodyear and become: MMMGood 4. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become: ZipAudiDoDa . 5. FedEx is expected to join its competitor, UPS, and become: FedUP. 6. Fairchild Electronics and Honeywell Computers will become: Fairwell Honeychild. 7. Grey Poupon and Docker Pants are expected to become: PouponPants. 8. … (9 comments)

realtor: Monday...Month end is here... - 07/28/08 04:22 AM
Well the end of the month is upon us...  Hopefully you had a great month.  Rates are holding at the 6.625%, they have been hovering between 6.625% & 6.75% for about a week and a half.  The governemnt has been doing a great job of messing with the housing market and it looks like they still have some mucking around to do... THere latest ploy is to eliminate the Down Payment Assistance programs offered by two companies.  Ecentially if you local programs exsist for DPA you should be fine the two major organizations that will be effected are Niehamia and AmeriDream I … (0 comments)