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The domestic economy has been experiencing a downward turn since last year. It all started in the real estate business. Almost every day, foreclosure news has been a constant issue in almost all business sectors. It made a domino effect on other aspects of consumer spending even reaching and affecting economies of other countries of the world. Housing prices in the US are still high and higher interest rates are adding up to the severity of the situation. According to the GMAC, one of the coun
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The Week in Review: The US Treasury sold a record amount of government debt last week to support stimulus plans. With such a large amount of debt being issued, last week could have been a tough one for the bond market and home loan rates. As it turns out, the demand for the debt issuance was high and as a result the bond market ended the week on a positive note and home loan rate decreased by approximately .25%. What to Expect: Volatility can often occur in a holiday-shortened week, p
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will get posted later today (probably tonight) due to travel schedules. No significant changes in rates so far today, recommendation remains to lock all loans. Tom Vanderwell Mortgage Market Update
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Loan Modification Made Simple - Complete Breakdown of the Loan Modification Industry and Step be Step Negotiation Instructions
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