Sitting Ducks, New Low Rates & Great Home Prices is Best Time to Buy

Consumer confidence fell to a six- week low as the costliest gasoline in almost three years worsened Americans' perceptions of their finances.  When consumer confidence is low the markets drop and this lowers interest rates.  “The Bloomberg Consumer Comfort Index dropped to minus 46.9 in the period to May 8, the worst reading since March, from [...]

REO’s to HIT HARD!!!

So...Let’s think like a bank today.  What happens to the market when rates spike... it creates a sense of urgency to buy before the deal of the century is just a story and the lazy refi'ers get off their fence before there is no benefit. When rates go up who earns more interest on these [...]