Monthly Archives: December 2008

The American Frontier Spirit

The Bailout, (correction), the Bailouts, have been the subject of much conversation and consternation by all of us Americans.  No one knows where it will take America over the next few months and more importantly over the next few years.  But we all realize that without a very precise navigation at the helm, it potentially… Continue Reading

Fear is Still Moving the Market

Here is another bit of annectdotal evidence from Ratelink that exempifies the fear that is still reigning in the market.  When fear does subside, it will do so quickly.  In times of uncertainty, the safer an investment is perceived to be, the more buying interest it draws. This is one reason the yield on the… Continue Reading

The Silver Lining

Real Estate sales and values are down all around the country.  Yawn.  Yeah, we all hear that every time we turn on the 24 hour newscasts. What they don’t talk about is that there should be a bottom to the housing decline; and once we hit the bottom, then the trek up should begin.  And… Continue Reading

Why Are Rates Still at 5.5%?

That question has been asked of me several times since the post below, and the news came out that the Fed may have a new target rate of 4.5%. This morning on CNBC, the Federal Housing Finance Agency director, James Lockhart was interviewed, and seemed to both confirmand deny the target rate.  He said that they… Continue Reading

How Would You Like That 4.5%, 30 Year Fixed Rate?

With or without points? If Sec. Paulson has his way, it may be the prevailing rate soon.  The Wall Street Journal reported today that a plan is being mulled over to use the Federal Government to lower Fannie and Freddie Mac rates, as well as government insured FHA rates to 4.5% for a 30 year… Continue Reading