Archive for the "Current Affairs" Category

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New, Social, And Worth Investing In

Not long ago it was being said that social or new media was just a fad and that it would soon vanish, even more recently the same was being said about Twitter. While Twitter’s use is clearly still dominated by the likes of Britney Spears and Stephen Fry telling us what they had for breakfast […]

Future of the Housing Market

Home prices increased from April to May of this year by 1.3 percent, according to the Standard & Poor’s/Case-Shiller 20-city home price index. The credit for this largely goes to the government’s home buyer tax credit, which expired at the end of April. The general thought out there seems to be that the housing market […]

Experts Expect Texas to Help Lead the Country Out of its Recession

According to experts, the state of Texas is inching its way out of the recession and is actually taking the lead when it comes to helping the United States with its recovery. In support of this assertion, consider these facts: * The state experienced a growth rate of 0.2% between May 2009 and May 2010, […]

After Hitting Record Lows Mortgage Rates Fall Again

The 30 year rate dropped this week from 4.69 to 4.58. This is quite a large drop for a week. What makes it even more interesting is that 4.69 from last week was already an all time historic low. We are moving into territory for mortgage rates I would have never thought possible. While the […]

Mortgage Rates Drop to All Time Low

Rates have been relatively low over the last month. This week, they are in the news by falling to a new all time historical low. The 30 year rate fell from 4.75 to 4.69 this week. Two weeks ago the 30 year rate was sitting at 4.72. What’s interesting is that over the last month, […]

Jobs in the Mortgage Industry

Foreclosures and short sales dominate the real estate market in many U.S. cities; although, the numbers seem to be evening out in certain areas. It takes manpower to process the increased workload for the mortgage industry and many companies are hiring. Not only does the lending industry need people to handle the new workload, there […]

Mortgage Rates Near Record Lows

The 30 year rate fell from 4.84 to 4.78 this week. This is the 5th week in a row where they have fallen. They are now flirting with the all time historic low of 4.71 reached in 2009. If it were not for 2 weeks in 2009 today’s drop would be seeing cialis drug impotence […]

Mortgage Rates For The 5 and 1 Year ARM Hit All Time Lows

The 30 year rate fell from 5.00 to 4.93 this week. In a time where the news is filled with stories about inflation fears we are seeing mortgage rates steadily decline. This is the 5th week in a row where rates have held steady or fallen. Its also the lowest we have seen rates in […]