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Mortgage Opportunities from Record Rate Cut

December 16th, 2008

Late yesterday (Tuesday) afternoon, the Federal Reserve slashed its target for the overnight federal funds rate to a range of 0 to 0.25 percent. That may sound like meaningless gobbledygook, but it’s not. It’s an all-time record low. Read the rest of this entry »

Highlights, Lowlights, and Reading Between the Lines of Mortgage News

July 31st, 2008

Mortgage news was dominated by two items this week:

On the surface, the first would seem to be a highlight, and the second a lowlight, of the week’s mortgage and housing news. Reading between the lines, though, reveals that the first item may not be as good as it’s been reported, but the second item may not be as bad.

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New Home Buyers Need to Focus on Forward Mortgage News

July 24th, 2008

With all the mortgage news coming out these days, it is important for new home buyers to distinguish between stories which primarily affect existing home owners and borrowers, and those which will impact future buyers.

As an example of the range of stories over the past week:

New home buyers should have a different take on these stories than the angles widely reported by the media.

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Possible Mortgage Bill Not the Real News for Today’s Borrowers

May 22nd, 2008

A possible Senate compromise on a mortgage relief bill took most of the mortgage headlines this week, but potential borrowers would do well to keep their eyes on the inflation front, where a new surge in oil prices threatened to drive interest rates higher.

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