Image via Wikipedia The day after Thanksgiving is a busy shopping day nationwide and, this year, analysts are paying extra attention to sales figures. Dubbed “Black Friday” in reference to red ink representing loss and black ink representing gain, today’s start to the Holiday Shopping...

Economic counselors feel this is an attack on the economy of India in an attempt to scare off Western investors.  The main objective to destabilize the economy and send ripples throughout the Western World. Current live resources: IBNLive Flicker List of Indian Bloggers Live-Blogging the Mumbai Terror...

Like everything else on Wall Street, mortgage markets are based on supply and demand.  When demand outweighs supply, mortgage rates fall. So, Tuesday, when the government unexpectedly announced a $600 billion budget for buying mortgage debt from Fannie Mae and Freddie Mac, the demand side of the mortgage...

After reading multitude of Tweets and Blogs about the historic drop in Mortgage Rates yesterday 11/26/08. I asked myself how many of these Loan Officers (LO) are looking out for their current clients and upholding their Fiduciary duty (Big Word for a good amount of mortgage types). Did your LO call...

What a day! The Treasury Secretary announced a major infusion of capital into the consumer market and introduced the public to TALF.  Mortgage Securities appreciated the injection and in return we saw rates drop across the board.  This could be the first leg in the credit thaw.  The TALF announcement...

In real estate, the term existing home refers to a “used” property; one that can’t be classified as new (Image courtesy: USA Today) construction. The number of existing homes sold each month is tracked by the National Association of REALTORS.  The report is often used as a gauge for...

Henry “Hank” Paulson announced they are using Tarp money to target consumer loans (credit cards, car loans, Home Loans) immediately.  The Name of the entity “TALF” – Term Asset Back Loan Facility. Six Hundred Billion will be allocated to Fannie Mae, Freddie Mac, and Ginnie...

Today at 1 p.m. EST. President – Elect Barack Obama named his Economic Team, a team many pundits are saying both sides can appreciate. The Dow maintained its second day in the Green; Friday and today represent the DOWs Biggest 2 day point game since October 1987.  As you can see from the chart mortgage...

Image via Wikipedia President – Elect Barack Obama Names Economic Team Timothy Geithener – Treasury Secretary Lawrence Summers – Head of National Economic Council Christina Romer - Council of Economic Advisers Melody Barnes – Director of Domestic Policy Council President –...

Image via Wikipedia It’s a holiday-shortened week. Fewer traders will be working as the week moves forward, making the Price Discovery process more difficult. With fewer active buyers and sellers, wild price swings are likely and mortgage rates should feel the impact. Markets will debate the...