Treasury Moves Lower Interest Rates It may only be temporary, and it doesn’t necessarily signal that the housing market’s troubles are over, but the government’s seizure of Freddie Mac and Fannie Mae has had at least one immediate, salutary effect: lower interest rates. Since just last week, fixed 30-year rates have dropped almost a half...Read More
How Many Showings is Too Many? Just as there is “love at first sight” in relationships, there is also “love at first sight” in real estate. I’ve witnessed it several times: sometimes even before my clients said anything, I knew that they had found the home they wanted to buy (body English and facial expressions...Read More
Who’s Going to Rescue the Fed & U.S. Treasury? After Bear Stearns, Fannie, Freddie, IndyMac Bank, and now maybe Lehman Bros. and Washington Mutual, one can only ask, “who’s going to rescue the rescuer(s),” if need be? While certainly preferable to systemic meltdown, having the U.S. government assume trillions of debts (an unknown percentage bad),...Read More
