If you’ve been following the stock market or interest rates over the past two weeks, you may feel like you’ve been on a bungee cord. There have been several economic reports, fears regarding the debt crisis in Europe, and continued debates around resolving the nation’s debt that have stirred investors’ emotions and created a lot of market volatility. The net effect? The stock market is down but so are mortgage interest rates, making it a good time to buy or refinance.
Ever feel like you are drinking from a firehose when reading the news? There’s no doubt that there’s a lot of information coming at today’s media consumer, particularly when it comes to the economy and the real estate industry. For the past couple of years, we’ve heard about bubbles bursting, historic low interest rates, foreclosures, and the opportunities that they present to us.
May 24, 2011
The Obama administration finds itself balancing the need to spur the economy through promoting the housing and mortgage market, while protecting banks and other investors from risky mortgages. On February 11th, it presented a broad plan to begin shrinking its support of the nation’s mortgage market. Continue reading
February 17, 2011