Archive for November, 2007

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Warning: This mess will only get worse

The inevitable demise of the subprime mortgage market leaves the entire housing market — and with it the economy — on the verge of collapse.
Bubbles have a way of masking what would otherwise be self-evident truths. And, as the credit bubble in real estate dies a dramatic, not-pretty death, a very simple truth has resurfaced: […]

Bush’s mortgage bailout just might work

If insider buying is any indication, home builders and financial-services providers expect dramatic reversals of fortune in the coming months.
With his stunning decision last week to let a federal housing agency guarantee mortgages of distressed homeowners, President Bush appears to have launched a “surge” in the financial markets to match the Pentagon’s efforts in Iraq.
His […]

What does the Fed rate cut mean to you?

How will it impact your personal finances? Find out if the Fed’s decision makes you a winner or a loser.
Good time to take out a mortgage.
When the Federal Reserve meets and changes rates we all have questions: What does it mean to me? Will my mortgage rate go up or down? Is this a good […]

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