falling dollar: Bernanke Cuts 1.25% in 8 days with more to come. Now what?
- 02/06/08 12:17 AM
Hello to all my valued colleagues So much has happened in the last two weeks and yet in some ways not much has changed. Late on Monday evening two weeks ago, I sent this note to 400 Real Estate agents in my area. "It looks like the perfect storm! Dow futures are down almost 500 points after Asian and European stocks plunged over night. Over night treasury yields have plunged in a flight to safety as the 10 year yield reaches 3.53%! What does this mean? If Ben Bernanke and company do not announce an emergency rate cut before the opening bell on … (1 comments)
falling dollar: Conforming Loan Limits To Temporarly go to $625,000? The Feds get Aggressive!
- 01/24/08 01:57 AM
Hi, Real Estate Partners Well...the name of the game is volatility! Very early Tuesday morning (well before the Wall Street bell), I told you that unless Ben Bernanke and the Federal Reserve would cut the discount and federal funds rates BEFORE the opening bell, there would be a flight to safety as funds moved out of stocks into bonds. This would have caused mortgage rates to plunge to levels NEVER seen before. While this would have been a good thing for prospective buyers, the resulting carnage on stock exchanges would most likely have been the last straw in our battle to avoid … (5 comments)
Hello to all my valued colleagues ;)
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