Commercial Real Estate Collapse Inevitable
The day after Christmas last year, I wrote the article “If You Think Mortgage Rates Are Low Now; Wait Until You Read This.“ The main point of the article was to illustrate the coming commerical real estate collapse that is inevitable. Back in December I predicted that retail sales for Christmas would be horrible; we [...]
Lennar Offers 3.625% Mortgage Rates for Life!
Not long after Toll Brothers announced a deal for 3.99% mortgage rates, Lennar follows by offering 3.625% for life! This is the lowest rate that the home builder has ever offered. The nation’s largest home builder is offering the special on “select homes” in which the closing will occur on or before April 30th. Loan [...]
Mortgage Rates Under 4% May Not Help the Housing Market
As many of you know, mortgage rates have dropped to historic lows over the last few weeks. At first glance, this seems like great news for home owners and the overall economy. When you dig deeper into the prospect of lower mortgage rates, you realize that even if rates continue to plummet, it may not [...]
Lincoln Financial Down 33%; The Life Insurance Crisis Has Begun
On March 4th, I wrote the article “First the Mortgage Crisis, Now the Life Insurance Crisis?” to help illustrate the possibility of an upcoming life insurance crisis. Less than two weeks later, the Wall Street Journal reported the same possibilities. Throughout the month of March, most insurance stocks trended higher with spectacular gains. The three [...]
Mortgage Rate Predictions – March 30th – Mortgage Rates Trend Lower Under 4.8%
So far this year I have been quite accurate with my mortgage rate predictions. Over the last two weeks, I have been off .01% and .03% respectively. I will be highly surprised if I can repeat that success this week, but I will do my best. National advertistments and news headlines have stated that mortgage [...]
Refinance Sunday – Mortgage Rates Under 4.9%
Each day we see news headlines such as the following “The Lowest Mortgage Rates in 50 Years.” While these headlines are true, things are a little bit different this time around. Mortgage rates are in fact under 4.9% but it is much harder to lock in at these historically low rates. In today’s housing market [...]
Stock Market Analysis – Financials Lead the Way – Overbought?
The S&P 500 was up over 6% for the week which was the third consecutive week of gains for the overall market. Last week I made the assumption that you should short financials on any strength as they were overbought. Last week, the financials pushed even higher giving you a great oppotunity to short these [...]
Subprime Mortgage Brokers – Will They Get You Lower Mortgage Rates?
To be completely honest, subprime mortgage brokers do not have the authority to get you a lower rate. Your rate is determine by the risk of default. If you are considered a subprime borrower, your risk of default is elevated due to the financial troubles you have had in the past. The best option is [...]
Subprime HELOC – What Rate Will I Get?
Getting a subprime home equity line of credit is a very risky proposition in the current economy. With the subprime mortgage crisis in the recent memory of most lender, it is highly unlikely that you will get a rate that is desirable. There are very few mortgage lenders that are willing to take the extra [...]
Mortgage Rates Reported Lower But Can We Believe the Banks?
I distinctly remember Bank of America CEO Ken Lewis making the statement that his company was profitable for the first two months of 2009. He also made the claim that his financial institution would be able to pay back TARP funds as early as this year. Right! Ken Lewis, many uneducated Americans may believe you [...]
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