The topic of last week's poll was: Which President will do more for average homeowners?
Surprisingly the results were that 33% of the respondents felt that Senator Barack Obama would do more and 66% of the respondents felt that Senator John McCain would do more for the average homeowners.
This does not follow the polls we are seeing play out with the major news networks. Perhaps your seeing some breaking news from our little corner of the internet world that will herald unexptected results at the polls next Tuesday.
We plan to provide detailed information about the person that is elected next week and their proposed financial plans. We will post their plans here for all to see in laymans terms so that we can hold them to their word on the issues!
Thank you to all the participants. We would like to recognize and possibly interview one respondent from each topic choice each week. If you take the time to take the poll please leave a comment and include your contact information so we can highlight you, your company, and your views here on the blog!
Thanks to all who continue to visit and help us shape this resource into a forum for what you need. Make sure you vote on the poll of the week!
Friday, October 31, 2008
Tuesday, October 21, 2008
Mortgage rates drop with new confidence
Finally!
For weeks we have been hovering around the 6.5% 30 year fixed. Yesterday we saw a path to the 5.5% rates we enjoyed for a very short period when the Feds took over conservatorship of Fannie & Freddie. Yesterday par was slighly below 5.875%. We believe that possibly by the end of the month we can get back to the sweet spot of 5.5% par rates!
The way these rates rise and fall can be a complicated subject. We will stive to keep you abreast of the most up to date information available as always. Confidence thanks to many outside factors has help MBS (mortgage backed securities) gain footing in recent days with banks and investors.
Could it be? Is it possible? Is rational thinking coming back to the markets? Probably not, but lets all take advantage while it lasts. This may be part of the "dead cat bounce" you hear about where we get a few glimmers of hope amongst our downward spiral.
We tend to be a bit more optimistic and think we may have seen a floor in recent weeks and the markets are trying to stratch their way back to normalcy.
Stay tuned and we'll continue the discussions with you as always about whats happening and how it affects you!
For weeks we have been hovering around the 6.5% 30 year fixed. Yesterday we saw a path to the 5.5% rates we enjoyed for a very short period when the Feds took over conservatorship of Fannie & Freddie. Yesterday par was slighly below 5.875%. We believe that possibly by the end of the month we can get back to the sweet spot of 5.5% par rates!
The way these rates rise and fall can be a complicated subject. We will stive to keep you abreast of the most up to date information available as always. Confidence thanks to many outside factors has help MBS (mortgage backed securities) gain footing in recent days with banks and investors.
Could it be? Is it possible? Is rational thinking coming back to the markets? Probably not, but lets all take advantage while it lasts. This may be part of the "dead cat bounce" you hear about where we get a few glimmers of hope amongst our downward spiral.
We tend to be a bit more optimistic and think we may have seen a floor in recent weeks and the markets are trying to stratch their way back to normalcy.
Stay tuned and we'll continue the discussions with you as always about whats happening and how it affects you!
Saturday, October 18, 2008
The tranformation of mortgage jobs in Florida
Five Stars Mortgage has released a new commentary on the state of mortgage jobs in Florida. In it they offer tips and strategies for mortgage professionals attempting to survive this unprecedented downturn. Here is in excerpt from the article:
"The effective of the global credit crisis has hit particularly hard on the financial sector and in particular with mortgage jobs. It has been estimated that as of September of 2008 we have lost a minimum of 65,400 jobs in the mortgage industry! While job numbers accross the nation have also declined, this number of jobs in the mortgage industry has hit many families very hard.
In previous articles we have addressed the underlying causes of the housing bubble and subsequent meltdown. We have seen how the blame flows from top to bottom in the mortgage industry. Our thoughts and prayers however, must go out to the over 65,000 workers and their families who have had to start over in a brand new career due to no fault of their own in most cases... "
click to read the article entitle "The Future of Mortgage Jobs in Florida"
"The effective of the global credit crisis has hit particularly hard on the financial sector and in particular with mortgage jobs. It has been estimated that as of September of 2008 we have lost a minimum of 65,400 jobs in the mortgage industry! While job numbers accross the nation have also declined, this number of jobs in the mortgage industry has hit many families very hard.
In previous articles we have addressed the underlying causes of the housing bubble and subsequent meltdown. We have seen how the blame flows from top to bottom in the mortgage industry. Our thoughts and prayers however, must go out to the over 65,000 workers and their families who have had to start over in a brand new career due to no fault of their own in most cases... "
click to read the article entitle "The Future of Mortgage Jobs in Florida"
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