Archive for the 'Mortgage Stuff' Category
It’s My Duty to Inform You - Why You Need to Buy a Home Now - Not Later!
March 6th, 2008 Categories: Mortgage Stuff, Real Estate News, Twin Cities Home Buyers, Twin Cities Real Estate Economy
While today’s market plays to their advantage, buyers, who should be swooping in to make the most of reduced housing costs and favorable interest rates, are sitting by, waiting.
It is up to me, as a competent and informed real estate agent, to mobilize my potential buyers to invest in home ownership now.
When the market turns, today’s bargains will be yesterday’s missed opportunities.
While it is conceivable that home prices may drop further, it is likely that these decreased prices will be accompanied by increased financing costs due to rate cuts by the Fed. This means that Read the rest of this entry »
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Minnesota Lawmakers Looking in to the Foreclosure Arena - What are Those Rascals Up to Now?
March 4th, 2008 Categories: Mortgage Stuff, North Minneapolis, Real Estate News, Twin Cities Home Buyers, Twin Cities Real Estate Economy, Twin City Sellers
Minnesota Lawmakers are working on assisting folks with their home foreclosures. Read the rest of this entry »| Discussion: No Comments »
Fed chairman Bernanke says nation’s business prospects have deteriorated
February 14th, 2008 Categories: Mortgage Stuff, Real Estate News, Twin Cities Home Buyers, Twin Cities Real Estate Economy, Twin City Sellers
Fighting to keep the U.S. economy afloat, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson will give Congress fresh insights into economic and financial conditions greatly strained by the Read the rest of this entry »
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Minneapolis Foreclosure Boom - Everybody Get Off the Bus!
January 26th, 2008 Categories: Minnetonka Real Estate Statistics, Mortgage Stuff, North Minneapolis, Outside of the Box, Real Estate News, St. Louis Park Current Housing Statistics, St. Paul Current Housing Statistics, Twin Cities Home Buyers, Twin Cities Real Estate Economy, Twin City Sellers
There will be an end to the “foreclosure boom”. Foreclosure boom. That’s a funny term. Boom. Bummer. Blame. Yeah, that’s right, blame. I end it there. Have at it. Blame who and what you want.
Let’s just say… Read the rest of this entry »
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Slashing Interest Rates - Ya Do What Ya Gotta Do!
January 10th, 2008 Categories: Mortgage Stuff, Real Estate News, Twin Cities Real Estate Economy, Twin City Sellers
To avoid a recession the Federal Reserve Chairman has made a pledge to lower interest rates again to prop up the housing market. I, as a Realtor, couldn’t be happier for my clients - both buyers and sellers.
Bolstering the economy is tricky business.
The chairman has been criticized for being slow on the uptake and not acting aggressively to rescue us from the dreaded inflation threat. The Feds lowered interest rates three times last year, with December 11th being the latest. That’s the lowest the rates have been in two years.
Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession.
The Fed chief made clear the central bank was prepared to act aggressively to rescue a weakening economy. “We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,” he said.
Some economists believe the Fed will slice its key interest rate by a bold half percentage point when the Fed meets next on Jan. 29 and 30. Others, however, think the Fed will go with a more modest one-quarter percentage point reduction, given concerns that high energy prices could spark inflation. ~ Jeannine Aversa - AP
Now’s the time to buy, you wannabe buyers! And sellers, get that house listed!
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