Obama “The Dollar is Still Strong” March 22nd
Oh President Obama, you truly believe that the dollar is still strong, don’t you? You even told the entire country that “the dollar is still strong” in your 60 Minutes interview. Just to let you know, after Fed Chairman Ben Bernanke injected $1.05 TRILLION into long term treasuries and mortgage backed securities, the “strong dollar” [...]
A Wish List is Everything You Want in a Home; A Reality Check is Everything You Can’t Live Without
When buying a home it is very important to distinguish between a wish list and a reality check. A wish list is everything you want in a home while a reality check is everything you can’t live without. Think of it this way, you may wish to have four bedrooms and three baths, but what [...]
Inspectors Found Something Wrong with the Home I Want – What Should I Do?
The job of the home inspector is to find the things that are wrong with the home so do not be surprised if they do find many problems that need to be fixed. Once a problem is found by the inspector, you must answer the question “is the problem fixable?” If the problem is fixable, [...]
Refinance Sunday – March 22nd – Time to Refinance Now!
I am starting the column Refinance Sunday this week. It is going to be a column written each Sunday to assist and provide information about refinancing in the current housing market. Ultimately you will make the final decision but I will help to give you an objective prespective on the psychology of refinancing your home. [...]
Is My Broker or Agent Doing a Good Job?
If you are using a buyer broker or a conventional agent, you should be getting the best assistance in finding a home that is right for you. You will know that a broker or agent is doing a good job when they are asking questions and listening to YOUR needs. It is their job to [...]
Stock Market Analysis – Short Financials on Any Upward Strength?
There has been a steady move up in the financial markets since March 6th. Over 20% has been gained by the overall market in two short weeks, but the market looks to be very oversold and vulnerable. Shorting any financial strength at S&P 500 803 was very wise as this will be a point of [...]
Mortgage Rate Predictions – March 21st – Mortgage Rates at Historic Lows
The national news is enamoured in the decline of mortgage rates. This is nothing new to me as I have been predicting this for quite sometime on Subprime Blogger. On January 12th, 2009, I made the following prediction: 30 Yr Fixed Rate – 4.96% – This will be HUGE news if it breaks below 5%. [...]
CNBC WTF Moment – Cramer Goes Ballistic on Bernanke in August of 2007
This was a rant that took place in August of 2007. It is quite interesting to see Erin’s reaction as Cramer goes totally ballastic and slams his hand on the glass table. We don’t get to hear Cramer yell quite that loud very often; quite amusing if I may say so myself. Cramer was totally [...]
Mortgage Rates Predictions – March 20th – Time To Refinance?
Since there is no daily reported mortgage rate data produced by Fannie Mae or Freddie Mac, I will assume that rates are remotely close to the data that was shown on Thursday at this link. For the second time this year, the weekly mortgage rate average has fallen below 5%. It is likely that it [...]
Mortgage Rates Will Fall But Will It Help the Housing Market?
As we all know by now, Ben Bernanke and the Federal Reserve Bank have injected over $1 trillion into the economy in hopes of finding a floor in the housing market while stimulating the economy. No one knows if this will happen, but what we do know is that mortgage rates will fall immensely. As [...]
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