By kigray on April 7, 2009
Yes, it is a buyers market these days, but a recession can make finding a home and getting a loan a little trickier. Home inventories are down, but so are prices and mortgage rates. Navigating the perks and pitfalls of buying a home in these financially uncertain times can take a little finesse. While nationwide [...]
Posted in Buying
By kigray on April 7, 2009
It is getting harder and harder to makes ends meet these days, especially with our economy in the state that it is in. Families are cutting their spending in as many places as they can whether it is planning a less expensive vacation, not going on vacation or just simply cutting back on everything. One [...]
Posted in Personal Finance
By kigray on April 7, 2009
Mortgage Rates were already at all time lows last week. This week they fell further. The 30 year rate fell from 4.85 to 4.78. The 15 year rate fell as well going from 4.58 to 4.52. The difference between the 30 year fixed and the 15 year fixed is the smallest it has been in [...]
Posted in Banking
By kigray on April 7, 2009
Following the release of the government’s plan to buy toxic debt from banks mortgage rates fell to new all time lows. The 30 year rate fell from 4.98 to 4.85 this week. This is .11 points below the previous all time low of 4.96 that was reached on January 15, 2009. Below are the 7 [...]
Posted in Banking
By kigray on March 31, 2009
The term “toxic assets” is tossed around quite a bit these days, especially now that the Treasury Department has announced plans to buy up U.S. banks’ bad assets to the tune of $1 trillion dollars (more on that in a minute). Terms like toxic assets have become common place, like the terms mortgage meltdown, financial [...]
Posted in Banking
By kigray on March 30, 2009
30 year mortgage rates dropped below 5% for the second time this year. It was also the second lowest rates posted by Freddie Mac in the last 40 years (the lowest being 4 weeks ago). Rates hit 4.98 this week close to the all time low of 4.96 that was reached on January 15, 2009. [...]
Posted in Banking
By kigray on March 30, 2009
You have worked hard to maintain your home and ensure that repairs were completed. It’s not been that long since everything received a fresh coat of paint and everything else appears to be in good shape … but is it, really?! Use the checklist below to ensure that you are ready to sell your home [...]
Posted in Selling
By kigray on March 25, 2009
It seems Texas has arrived to the recession fashionably late, the question now is how long will we stay? The current economic woes began to be felt in some parts of the nation at the end of 2007, the official beginning of this recession. Texas began to feel the squeeze at the end of 2008, [...]
Posted in Real Estate
By kigray on March 20, 2009
Summer is quickly approaching and school will soon be out. Many families are trying to find an affordable vacation or decide if they can afford a vacation. Just because our economy is slipping does not mean your family will have to go without a family vacation this year. Here are a few tips and ideas [...]
Posted in Personal Finance
By kigray on March 20, 2009
CNN’s Ali Velshi and Erica Fink recently did a comparison of what they considered to be five key measures of the economy. Using what they call the “CNN Real Feel Economic Index,” they looked at jobs, personal income, personal savings, industrial production, and home prices. According to Velshi and Fink, “the U.S. economy, more so [...]
Posted in Banking
