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Consumer Secrets Realtors Can't Afford to Ignore ............Buyers look online first As their first step in buying a home, 48 percent of all buyers either go online to view houses (32 percent) or to locate information about the home-buying process (16 percent). To address this consumer search pa...
House leaders back $625,000 conforming loan limitSenate, Bush administration must still go alongThursday, January 24, 2008A $150 billion economic stimulus plan being negotiated by the Bush administration and congressional leaders could include a temporary boost in the $417,000 conforming loan lim...
US Treasury securities don't pay offOne of the big differences in bonds backed by the U.S. Government and those backed by first liens is that when rates decline, US Treasury securities don't pay off. Borrowers historically do refinance, and many a loan agent has a book of business based on refina...
What happens when the Fed cuts rates? Well, yesterday was practically one for the record books, with two-day volatility not seen since the late 1980's. In spite of yesterday's move, the market is pricing in further cuts at the meeting Tuesday & Wednesday. Rates have dropped since the beginning o...
Pressure Mounting For Big Rate CutAn uptick in the unemployment rate has Wall Street calling for the Fed to lower rates by a half-point.With unemployment rising to 5 percent in December and jobs growth coming in well below forecasts, economists said the Federal Reserve may be forced to slash inte...