Has Refinancing Lost Its Appeal?
Refinance was the buzz word of the real estate market at the end of 2008 and the beginning of 2009 but has seemed to lose some of its appeal. Looking at the google trends chart for refinance shows that the peak for interest in refinancing was in December of 2008. Rates were very close to [...]
How To Refinance My Home
How to refinance my home is one of the most important how-to’s in the current economy. The most important thing to realize when deciding to refinance a home is how much money will be saved. There are mortgage calculators available all over the internet including the one on this site. If you realize that you [...]
Gigapan Image of Boston
One of the most enjoyable sites to look at on the Internet is Gigapan. It gives you the opportunity to zoom deep into a photo and see what is going on. The photo above is located at this link. There is also a GREAT picture of the Inaugural Address by President Obama which is quite [...]
Will the Second Mortgage Crisis Directly Affect You?
In the middle of December, we first reported the theory of the “Exotic Mortgage Crisis.” Unconventional loans including Alt-A and Option ARMS are the next group of mortgage loans to be reset. Many of these mortgages could see rates change from 4% to 8% in one month. With the struggling economy, many homeowners will not [...]
Comparison of 1929 to 2008 – Dow Jones Industrial Average
The comparisons of 1929 to 2008 are quite astonishing. In 1929, the first part of the crash began at the beginning of September and saw the Dow Jones Industrial Average fall from 380 to 200, a 47% drop. In 2008, the Dow Jones Industrial Average started its decline in June, but the steep decline started [...]
Democrats Reject Stimulus Proposal to Lower Mortgage Rates to 4%
On February 5th, 2009, Democrats decided against a plan that would offer mortgage rates around 4% to millions of homeowners. Party leaders stated that the proposal was terribly flawed and would be unsuccessful in reviving the housing market. John Ensign, R-Nev, proposed an amendment to “fix housing first” by offering mortgage rates as low as [...]
The Value of Gold Visual – February 2009
Republicans Want Low Rate Mortgage in Stimulus – Obama Agrees
Republicans want a bill of the $900 billion stimulus to include a stipulation that would drive mortgage rates to as low as 4%. This is thought to start the rebound in the housing market. Current rates average approximately 5.1% so the plan would cut over a full point off mortgage rates which would put a [...]
Portfolio Diversification and Supporting Financial Institutions (CAPM Model) – Yale, Econ 252, 4.1
This is synopsis one of two from lecture four of Dr. Shiller’s Yale ECON 252 course: Financial Markets. Go to the ECON 252 link to access all synopses to this point. A portfolio is a collection of assets. The ultimate goal is to be concerned with the entire portfolio and not just one or two [...]
Taxpayers, Get Ready to Bail Out the Banks
With all the debt saddling the banks, there is only one way that the government will bail them our….YOUR taxes.
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