Mortgage Rates December 8, 2008

A relatively calm day in the mortgage market, the FNMA 30-YR posted a modest gain of .09375bp to close at 102.28125.  The DOW continued its positive momentum gaining 298.76.  As of the close of business the details on the Auto Bailout are still being ironed out.

Today the three major financial planning organizations CFP, FPA and NAPFA announced they will begin to explore The Future of Financial Planning and the coming reform.

Those of you who know me or work with me know I am not a fan of Loan Modifications. Today the Government announced that Half (1/2) of all recent Loan Mods are in default again. Prolonging the agony, its like a Band-Aid rip it of fast and the pain ends a lot sooner, pull on it and feel every little hair yanked out of your skin.  “Lets Get It Over With” and restore Contract Law!

Today I finished my Google Profile.

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