Week in Review: What We Liked From the Week That Was
The fate of Fannie and Freddie was determined on Capitol Hill this week as a proposal from Treasury Secretary Geithner laid out three proposals for
The fate of Fannie and Freddie was determined on Capitol Hill this week as a proposal from Treasury Secretary Geithner laid out three proposals for
There was a lot to digest this week, and I’m not just talking about the half-size “Super Sub” President Obama ordered in Edison, New Jersey
The White House wants our input on how to overhaul the nation’s $11-Trillion mortgage market. Through the Office of the Federal Register, the administration will be asking the public to provide comments to questions regarding the futures of Fannie Mae, Freddie Mac and the broader U.S. housing-finance system.
What a busy week! Health care reform, believe it or not, was not the only thing happening (although the flurry of articles surrounding it may
This week marked the official beginning of the holiday season and, as Christmas trees were being lit in Rockefeller Center and at 1600 Pennsylvania Avenue,
Selling through the current economic “Yin-yang”
(The coherent fabric of nature and mind, exhibited in all existence)
The Yang
It is interesting how there always seem to be two sides to every economic rebound. One recent effect of increased real estate market activity is a gradual increase in long-term mortgage interest rates. After bottoming out this past March in the vicinity of 4.5% for a 30-year fixed loan, the current and still historically low rate of 5.5% seems inflated to increasingly price-sensitive consumers. As a result, homes sales and refinancing are being impacted, albeit only slightly.
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