Mortgage Rates Are LOW, Have You Seen Them?

September 10, 2008

Did You Hear About It? If you’ve been sleeping under a rock, you have heave missed the government stepping in to back Fannie Mae and Freddie Mac over the weekend.  BIG-BIG news.  As many speculators were saying the mortgage market was about to kick the bucket, the government stepped in.  Here’s the interesting part – […]

Read the full article →

Des Moines Iowa Real Estate Market Watch – Week of September 1st, 2008

September 10, 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 […]

Read the full article →

Mortgage Market and Rate Forecast – Week of September 8th

September 8, 2008

Mortgage Market and Rate Watch For Week of September 8th, 2008 What To Watch This Week? Reactions.  As you may have heard, Fannie Mae & Freddie Mac have been seized by the government.  They announced (officially) that they would be taking over this weekend.  That means the market will be reacting to the news on […]

Read the full article →

The Fed Takes Over Fannie Mae and Freddie Mac

September 8, 2008

Fannie and Freddie, Seized. It’s official.  Fannie Mae and Freddie Mac are now under control by the US Government.  Formally a individually operated (but government sponsored) Fannie and Freddie got a little over their heads.  After showing enormous losses and unable to raise enough capital to keep their heads above water, the tax payers are […]

Read the full article →

Mortgage Market and Rate Recap – Week of September 1st

September 8, 2008

Mortgage Rate and Market Recap for the Week of September 1st – September 7th, 2008 Hope You’re Not One of the 6% of America. Last week, we found out that un-employment is up to 6.1% now nationally!  This is the highest we’ve seen since September of 2003. Bad News = Good News for Mortgage Rates […]

Read the full article →

I’m Famous!…For Looking Like a High Schooler?

September 5, 2008

This week I was featured in Des Moines Juice, a local weekly newspaper targeted at 20 & 30 somethings.  The subject of the story was how to overcome the obstacle of looking young.  Considering I’m currently 24, and have been in the mortgage business for 5 years (yes, I started at 19) – I’ve had […]

Read the full article →

GMAC Gets Out of the Mortgage Business

September 4, 2008

I hate it when a bank decides to exit the mortgage business.  It’s no fun for many people, real people. The News Announced early this morning (Via Wall Street Journal E-mail Alert), GMAC announced they’d be cutting around 5,000 jobs due to mounting concerns of their mortgage division.  They literally cut 60% of their work […]

Read the full article →

Des Moines Home Sales Fall 22% in July

September 3, 2008

Breaking The News We all know the housing market is down.  Not shocking, I know.  You have to recognize the important part of living in Des Moines, we haven’t seen near the declines the rest of the country.  There was a recent article in the Des Moines Register that clearly illustrated what has happened recently […]

Read the full article →

Mortgage Market and Rate Forecast – Week of September 1st

September 3, 2008

Mortgage Market and Rate Watch For Week of September 1st, 2008 What To Watch This Week? So, it’s already Tuesday.  As you know, because of Labor Day, this week is a short week.  Many of the traders on Wall Street took last week off for an extended weekend.  This week they’ll be back in and […]

Read the full article →

Des Moines Iowa Real Estate Market Watch – Week of August 18th, 2008

August 28, 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 […]

Read the full article →