by Dan Polimino | Mar 8, 2008 | Financing
Ok we have been talking about it for several weeks here are the guidelines for the new jumbo light loans. These are the loans that have been created from raising the maximum purchase limit from Fannie Mae and Freddie Mac. Th old limit was 417K now it can go as high as...
by Dan Polimino | Mar 6, 2008 | Financing
The Federal Reserve is expected to again cut key interest rates – now at 3 percent – at its next meeting on March 18. Futures market investors are betting the cut will be at least a half-percentage point. Some have predicted a three-quarter-percentage point cut,...
by Dan Polimino | Feb 20, 2008 | Financing
Ok we have been talking about this for the last several weeks and here is the latest from Realtor Magazine online. Now don’t get to excited by the news beacuse it may not help, I’ll tell you why at the end of the story. I have put the paragraph from...
by Dan Polimino | Feb 16, 2008 | Financing
Mortage rates continue their rollar coaster ride just take a look at this latest report I saw in the San Jose Mercury News. “Freddie Mac reports a jump in the 30-year fixed mortgage rate to 5.72 percent during the week ended Feb. 14, from 5.67 percent the prior...
by Dan Polimino | Feb 6, 2008 | Financing
Ever since the mortgage meltdown there have been plenty of people wanting to point the finger at corrupt mortgage brokers, but this article I found at Realtor.org once again proves there is plenty of blame to go around. “Investors turn up frequently in analyses...
by Dan Polimino | Feb 1, 2008 | Financing
Ever since President Bush announced his stimlus package everyone has been trying to figure out how much money they can get from the government and how soon. What has been missed in those headlines is good news for those people trying to buy a bigger home. You see part...
