President Obama just spoke before a crowd in Mesa, AZ, unveiling his $75B foreclosure crisis plan. Here’s a play-by-play of the speech: This is a “crisis unlike any we’ve ever known.” Families can’t afford to leave, but can’t afford to stay. 6 million homes in foreclosure or at risk of foreclosure across the US. Study in Chicago found that [...]
Continue reading...Friday, January 16, 2009
It seems like the media coverage of mortgage activity is saying something different every week! Today’s major headlines included: Mortgage rates drop to a record low, Mortgage applications surge, yet contrasting headlines discussed slowdowns such as Mortgage applications dipped as consumers awaited Fed just a few days prior. With so many ups and downs in [...]
Continue reading...Wednesday, December 17, 2008
Buy or Refinance: Could rates drop to 4.5%? Home owners and first-time buyers on Trulia are eagerly awaiting the news: will the Treasury drive interest rates below 5% for new loans? While lower [...]
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Wednesday, February 18, 2009
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