Mortgage Rate Predictions – March 19th – Mortgage Rates Go Under 5% as Predicted
On Monday, I predicted that mortgage rates would go under 5% and that is exactly what happened. Here is the commentary I gave three days ago: Without further ado, let’s get to the mortgage rate predictions for March 19th. Last week, the 30 year fixed rate mortgage average was 5.03%, one of the lowest levels [...]
Mortgage Rates Will Hit Historical Lows, Thank You Ben Bernanke
On March 18th, 2009, Ben Bernanke and the Federal Reserve Bank announced that they intended to buy up to $300 billion in long term treasuries as well as soak up $750 billion in mortgage backed securities. So, the question one must ask is, “Where is this money going to come from?” Ah, yes, that printing [...]
David Friehling: Madoff’s Accountant Arrested and Charged With Securities Fraud
On March 18th, 2009, David Friehling, Bernie Madoff’s accountant has been arrested and charged with securities fraud. He pretended to do audits of Madoff’s investment firm. The charges go back for 17 years. The SEC stated that Friehling “did not perform anything remotely resembling an audit.” Obviously this is the case as the Ponzi Scheme [...]
ACORN Census in 2010?
The United States Census is to be free of politics until now! A group with a history of voter fraud will play a huge part in the 2010 census – ACORN. The Association of Community Organizations for Reform Now signed as a partner with the U.S. Census Bureau in February 2009. They will help in [...]
Obama & Dodd Received AIG Campaign Money
After much talk about the $165 milion in AIG bonuses, it has now come to fruition that both Senator Dodd and President Obama were the two largest recipients of AIG campaign money. They were the only two politicians that recieved over $100,000, in 2008, from the failing company. Dodd received $103,100 and then Senator Obama [...]
Savings, NOT Credit, is the Lifeblood of a Healthy Economy President Obama
Earlier this week, President Obama made the statement that credit was the lifeblood of a healthy economy. So the last two years of financial diaster hasn’t proved anything to you Mr. Obama? While credit is a very important part of a healthy economy, it is not the lifeblood. I would agree with this statement if [...]
Best Prediction of the Stock Market and Economy – Unemployment Rate
When looking at the recent history of the United States economy and stock market, one thing stands out to be a great predictor – Unemployment rate. Any time the unemployment rate is stagnant or declining, the stock market trends upward. The lower the unemployment rate falls, the higher and more drastic of an uptrend in [...]
Americans Against the Obama Mortgage & Housing Bailout
The intention of this article is to gain momentum in proving that the mortgage and housing bailout being conducted by the Obama administration is wrong and against American Capitalistic beliefs. How can any individual who believes in capitalism conclude that bailing out financially irresponsible people is part of our society? Shouldn’t we let these individuals [...]
Mortgage Rate Predictions – March 19th – Mortgage Rates Go Under 5%
At the beginning of the year I was diligent about making mortgage rate predictions and was rather successful at it as I predicted a few direction changes and actually was exactly right for the week of January 15th. As I look back on some of the successes and failures of this site, one thing jumps [...]
Will the Subprime Mortgage Crisis Cause Retailers to Go Out of Business?
Prior to 2006, subprime mortgage and crisis were rarely, if ever, uttered in the same sentence. It was the American dream to own a home and EVERYONE should have that right. It did not matter if they made $6 an hour of $600 an hour, they still deserved to own a home in this great [...]
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