Des Moines Iowa Real Estate Market Watch – Week of September 15th, 2008

September 24, 2008

What’s The Real Estate Market Doing? Do you ever wonder how our real estate market is here in Des Moines? Unfortunately, we spend a lot of time listening to how rough things are in other cities around the country, but too often we don’t really consider what our real estate climate is like. I’m a […]

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Des Moines Home Sales Fall 24% in August

September 22, 2008

Yes, it’s true.  No, it shouldn’t be a surprise. Each week, we see the housing stats and we’ve consistently seen the decline. Please, don’t let this surprise you. Interestingly enough though, there is good and bad news with the statistics that the Des Moines Register reported last week with this report. Good News First:  The […]

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Understanding the Fed (September 16, 2008 Edition)

September 21, 2008

The Decision On Tuesday, the Fed decided for the third time in a row to keep things unchanged.  The Fed Funds Rate will remain at 2%. Each time the Fed has a meeting, they release a statement to accompany the actual decision on rate.   It might surprise you, but the words are often more powerful […]

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Mortgage Market and Rate Forecast – Week of September 22nd

September 21, 2008

Mortgage Market and Rate Watch For Week of September 22nd, 2008 What To Watch This Week? The Government.  Lately, all of the big market moving news has been the Government’s actions.  We’re facing crazy times.  Big problems require big resolutions. The rest of the week there are big economic reports coming out, but honestly – […]

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Mortgage Market and Rate Recap – Week of September 15th

September 21, 2008

Mortgage Rate and Market Recap for the Week of September 15th – September 21st, 2008 Not a Slow News Week! Wow.  What a wild ride last week was!  With a stock market moving up and down 400 points at a time, it wasn’t a week for the faint of heart.  Mortgage rates traded within a […]

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Des Moines Iowa Real Estate Market Watch – Week of September 8th, 2008

September 17, 2008

What’s The Real Estate Market Doing? Do you ever wonder how our real estate market is here in Des Moines? Unfortunately, we spend a lot of time listening to how rough things are in other cities around the country, but too often we don’t really consider what our real estate climate is like. I’m a […]

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Fed Announcement Coming On Tuesday

September 16, 2008

The Announcement Come 2:15pm ET on Tuesday (September 16th), we’ll have a decision on if the Fed Funds Rate (FFR) will stay the same or change. Remember, the FFR doesn’t impact mortgage rates directly, but it often influences traders opinions on the market. What’s Likely to Happen? I have to say, without the heads up […]

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KCCI Covers the Fannie & Freddie Bail Out

September 15, 2008

How Will the Big Mortgage Bailout Impact Iowa? In case you missed it, on Monday KCCI had a great story to show Iowans how the recent Fannie Mae and Freddie Mac story impacts them directly.  Todd Magel (KCCI Reporter) contacted me to ask my opinions on the Fannie Mae and Freddie Mac bailout. See the […]

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Mortgage Market and Rate Forecast – Week of September 15th

September 14, 2008

Mortgage Market and Rate Watch For Week of September 15th, 2008 What To Watch This Week? Inflation.  It’s been on the mind of investors for quite some time.  If inflation gets outside of investors ‘comfort zone’, rates WILL push higher.  Let me explain: Lets say you’re looking to put your money into a fixed rate […]

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Mortgage Market and Rate Recap – Week of September 7th

September 14, 2008

Mortgage Rate and Market Recap for the Week of September 7th – September 14th, 2008 Another Refinance Boom is Born You may have heard that interest rates dropped nearly 1% on Monday.  You’d be right.  The reasoning can easily be explained.  Honestly, the sequels are never as good as the original, so check it out […]

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