Tomorrow is Halloween and it is so great to see kids enjoy themselves and just being kids. They are growing up to fast in this society so it is good to see them running around and just having fun.
What a sad story. Children in Pennsylvania were trick or treating last night and found a man that had shot himself on the front porch of his house. At first they thought it was for Halloween and then realized he was really dead. Those kids are going to be scared of Halloween for the rest of their lives.
Not only do you now have to worry about being laid off you also have to worry about your credit report keeping you from getting a new job. Employers have been checking credit for years before hiring an employee for certain positions. It is becoming much more common now though because they don't want a struggling employee to be tempted to steal from them. Credit is a big deal in this society so just watch it and try and pay your bills the best you can.
How does Obama have time to go on The Daily Show? Again doesn't he have more important things to do with his time?
Watch your money in the banks. FDIC took over another credit union last week and people with more than $250,000 in an account lost anything over that. Spread your money around if you are only keeping it in the bank.
Its another beautiful Arizona Monday. The news is trying to make the economic outlook seem like it is turning around but everywhere I turn more people are getting laid off.
BofA is back in the foreclosure business in Arizona. I knew that would not last long. I guess they had to put the breaks on for a minute to make sure they would not get sued here along with every other state.
Uncertainty about an expected new Fed stimulus program created a lot of movement in mortgage rates during the week. Fed officials offered few details about the program, though. In the end, despite the volatility, the result was just a small decline in mortgage rates for the week.
In an effort to boost the economy, the Fed is expected to begin to purchase additional Treasury securities soon. The big question is how large the program will be. Investors expect the Fed to reveal the details of the program at its next FOMC meeting on November 3. Comments from Fed officials during the week indicated that they are still discussing what approach to take. The Fed may decide on a fixed quantity over a set time frame, or they may select a more flexible program in which they decide at each meeting how much to purchase. Mortgage rates have already benefitted from investor expectations for the program, and they likely will remain highly sensitive to changes in the outlook for the Fed's plans.
While foreclosure issues were in the spotlight, this week's housing sector data generally showed modest improvement. September Housing Starts increased to the highest level since April. The October NAHB Home Builder confidence index rose to 16 from 13 in September, which was the first increase in five months. "Builders are starting to see some flickers of interest among potential buyers," according to the NAHB.
The Obama health care plan was supposed to be such a great thing and that is why they pushed it right through. Well everything that has happened since it got pushed through is not positive. Health Care companies are figuring out ways to lower what individuals will be covered on and they are taking away child only policies in many cases. Yes they are hurting the children. They are worried that by having to cover every child it may cost them more money if parents only get a policy when the child is ill. This is disgusting.
Why in the world is President Obama on an episode of Myth Busters? Shouldn't he focus on other things and not making appearances on TV programs? We have problems in this country that need serious attention.
Whenever you think money can solve all your problems just think about all the movie stars and athletes that get into trouble. It is so sad to see people that on paper have it all but in real life they just don't seem to get it. They don't know how to budget their money, they get hooked on drugs or they beat their loved ones. WHY???
The Happy Meal that has not changed after sitting out for 180 does not make me so happy. A woman in New York had been taking photographs of her Happy Meal over the last 180 days it has been sitting out on her shelf and no part of the meal has changed. It is so scary to think about what we feed our kids.
Mortgage rates hit another all time low today. We should be busy selling houses with these rates but no one can sell their current house to move up to a bigger house. People in Washington are so far removed from real life they have no idea what is really happening out in the world.
The commercial real estate market seems to be holding steady which is good news because that was the next big shoe to drop. Maybe there is light at the end of this recession tunnel.
Stocks are on the rise but for how long? It is interesting to watch the market and try and figure out what is really driving this rally.
Some of the major banks in the country have put a freeze on foreclosures. Don't stop making your payments or think you are in the clear just yet. Many of the banks have only done this in states where they do a more traditional foreclosure. Arizona does not do this so many banks are still moving things along here.
The Wall Street Journal posted today...
"The move marks the Obama administration's most direct intervention so far into a growing debacle tied to how banks foreclose on homes, and the first effective veto of Mr. Obama's presidency. The veto could make it more difficult for banks to complete paperwork and speed the foreclosure process, and could give homeowners more time to rework loans."
Call me if you need help going through your options.
It is a great time to buy or refinance as reported today on Yahoo...
NEW YORK (AP) -- Rates on 30-year mortgages fell to the lowest level in decades for the ninth time in 12 weeks, pushed down by traders anticipating a move by the Federal Reserve to pump more money into the economy.
The average rate for 30-year fixed loans dropped to 4.27 percent, mortgage buyer Freddie Mac said Thursday. That's the lowest on records dating back to 1971, and down from 4.32 percent the previous week.
The average rate on 15-year fixed loans, a popular choice for refinancing, dropped to 3.72 percent from 3.75 percent. That was lowest on records dating back to 1991.
Rates have mostly fallen since spring as investors shifted money into the safety of Treasury bonds, lowering their yield. Mortgage rates tend to track those yields.
The 30-year rate was 5.08 percent at the beginning of April, while the 15-year rate was 4.39 percent.
If you have not seen the movie The Social Network go see it soon. It is a very entertaining movie and is probably one of the best movies I have seen in 10 years.
As reported in the New York Times today...
The flawed practices that GMAC Mortgage, JPMorgan Chase and Bank of America have recently begun investigating are so prevalent, lawyers and legal experts say, that additional lenders and loan servicers are likely to halt foreclosure proceedings and may have to reconsider past evictions.
Check with your attorney if you feel you were wronged in your foreclosure proceedings.
The top six big banks in the country are holding off or stopping foreclosure proceedings until they have time to review how they are doing business because they are using wrong paperwork and not reviewing borrowers histories. Shouldn't they have done that before now??
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