Latest Post
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Refinancing? Here’s The Mortgage Deal I Choose
Yesterday we started shopping around for our refinance. Today we chose a lender and a got an amazing deal. Here's the scoop on what I hope will be the last mortgage of my life.
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Time To Refinance? I’m Thinking About It.
Is it time to refinance? For the first time in 7 years, I'm seriously thinking about it.
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Surprise! October Housing Starts Collapse
Guess the economists are wrong again. According to this morning’s Wall Street Journal, economists estimated that U.S. housing starts rose to an annualized pace of 600,000 units from 590,000 in September. Wouldn’t that be nice. Instead, housing starts collapsed according to the latest government figures. According to the Census Bureau and U.S. Department of Housing and Urban Development, [...]
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Goldman Sachs Says Sorry For The Housing and Credit Crisis
Goldman Sachs CEO Lloyd Blanfein apologized for the company's role in the housing and credit crisis. It offered $500 million to small business owners to help with access to capital and education. Nice. Except this year, the company's bonus pool is $36 billion.
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Better Foreclosure Numbers? Not Really.
For the third month in a row, the number of foreclosures decreased slightly. Is the tide of foreclosures turning? Not really. It’s more like a temporary lull. In a press release, James J. Saccacio, chief executive officer of RealtyTrac noted that three consecutive monthly declines is unprecedented since the report began and acknowledged that it might seem [...]
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Buying A House Next Year? Don’t Worry About The Competition.
I’ve been speaking with real estate professionals around the country about the extension and expansion of the home buyer tax credit. Most are thrilled that they will have this incentive to lure prospective home buyers for another six months or so. Those who are working with home buyers who qualify for either the $8,000 first-time home [...]
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Tax Credit Extension And Expansion Is Signed
This afternoon, President Barack Obama signed legislation extending unemployment benefits and expanding the $8,000 first-time home buyer tax credit. Will this fix the housing crisis for good?
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$8,000/$6,500 Tax Credits Are A Done Deal. What’s Next?
The $8,000 tax credit extension and expansion will become law later this week. What's the next big idea to end the Great Recession?
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Borrowers Save Billions By Refinancing Their Mortgages
Mortgage interest rates dropped to 50-year lows in 2009, and borrowers will save billions of dollars by refinancing, according to a new report from Freddie Mac. According to Freddie Mac’s quarterly Refinance Report, one-half of borrowers who refinanced their conventional loans lowered their annual mortgage interest rate by at least 17 percent, or about 1.1 percentage [...]
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$8,000 Tax Credit Details: Update
Want to know what the $8,000 tax credit new deal includes? Here are the details.
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