Wharton Smith's (wsmith57) Blog

All the forces are aligning to create an incredible Real Estate Market for 2009 and beyond. According to today's Atlanta Journal Constitution the Federal Reserve will begin purchasing up to $500 Billion in Mortgage Backed Securities starting next month in an effort to bolster the long suffering h...

Of all the Great News, Fannie Mae and Freddie Mac have been taken over by the Treasury. The immediate result is that rates are dropping more in line with the normal spreads over the 10 year T-Bill. 30 year Conforming Rates have already dropped to the Mid 5% range. Now that we've eliminated the "R...