Rate Moving Economic Reports for the Week of April 7th

April 7, 2008

It’s important to recognize that advice is extremely valuable when seeking advice on a mortgage.  The right advice can literally save you thousands of dollars, while the wrong advice can cost you the same.  I’m talking on this subject because too often when we’re asking the wrong questions when shopping around. I’ll be the first […]

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Median Home Prices In Iowa – 2006 vs. 2007

April 6, 2008

Have you wondered what home prices in Iowa have been doing?  I know as a homeowner, I have.  I was getting my car washed on Saturday, and picked up the Des Moines Register business section and found an interesting article that included median prices across the state in 2007 and their change since 2006.  Here’s […]

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Forbes Ranks Des Moines #4

April 4, 2008

In case you missed it – Forbes published the 10 Best Cities for Business and Careers. Des Moines ended up being ranked #4 in the nation for best metros! It’s not that surprising when you consider the numbers. We’ve had huge job growth (26,000 in the last five years), a low unemployment rate of 3.4% […]

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Get Ready For Money Smart Week Iowa!

April 4, 2008

That’s right!  Starting April 5th, Money Smart Week begins.  Money Smart Week is a week long event focused on educating consumers on how to more effectively manage their money.  We like to say teaching consumers how to keep more of what they make! At Four Legacies Mortgage, we’re huge advocates of financial literacy.  This is […]

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Credit Issues Are Reaching Beyond the US

April 3, 2008

We’re always hearing about how there are liquidity issues effecting the US markets.  Stories like Bear Sterns, the stock market, etc.   Earlier this week MSNBC reported that two of the largest European banks reported subprime related write-downs of $23 billion in the first quarter of 2007.  Ouch. On Tuesday, the Des Moines Business Record reported: […]

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Statistics on Non-Conforming Mortgages in Iowa

April 2, 2008

First off, thanks to Morgan Brown at Blown Mortgage for giving me the heads up on this site.  The New York Fed performed massive research to determine where the largest issues are in the country.  The statistics are available for all 50 states, I’m going to concentrate with Iowa.  There is simply too much information […]

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Paulson’s Plan for Mortgage Reform

April 1, 2008

In a market that has shown some obvious lack of regulation, US Treasury Secretary Henry Paulson has stepped in with a new plan (the ‘Blueprint for Regulatory Reform’) for better regulations toward the mortgage industry.  Paulson has many recommendations on how to improve on the system we currently have in place.  Paulson said: “We should […]

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Everyone Wants a Crystal Ball

March 31, 2008

So, you (like everyone else) want to know what mortgage rates are going to do this week.  I’m here to help. Have you ever asked a loan officer if they know what the mortgage market is doing and they respond with: “Well, if I only had a crystal ball.. I’d be able to forecast exactly […]

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HUD Secretary Alphonso Jackson Is Expected to Resign

March 30, 2008

Rumors?.. Maybe.  Housing and Urban Department (HUD) Secretary Alphonso Jackson is expected to resign on Monday.  The reasons of why he will be resigning have not been released.  This resignation is expected to create difficulties with the Bush Administration’s attempts at correcting the mortgage market concerns (understatement?). The Wall Street Journal said: “The news is […]

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Des Moines, Iowa – Real Estate Market Watch – Week of 3/17/08

March 25, 2008

Numbers are always extremely important to consider when buying, selling and financing a home.  Each week, I receive a weekly market watch update providing the breakdown of the activity from last week.  The report is provided by Heather Barglof at Peoples Company. As I continue to get them, I will continue to post them (with […]

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