Monday Morning Coffee 03/19/07

Posted Mar 19, 2007 @ 6:16 pm, Viewed by 798 Visitors, Read 798 Times.
Good Monday Morning!
"I'M MELTING! MELTING! OH, WHAT A WORLD, WHAT A WORLD..." Wicked Witch, Wizard of Oz 1939 And last week, you couldn't watch the financial news for longer than a few minutes without hearing about the "subprime meltdown", talking about a certain type of home loan experiencing heavy rates of default and foreclosure, and what the potential consequences might be on the US economy. Although subprime lending only represents a very small portion of home loans overall, the doom-and-gloom-loving media was loving it, busy forecasting a financial disaster for the economy. While this is a bit overblown,  overall, the news and hype did worry investors, and both Stocks and Bonds experienced an increase in volatility...but home loan rates ended up very close to where they started for the week.Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
AND HERE'S YOUR MONDAY MORNING COFFEE
If you're considering a selling you home (no matter where you live) please check out www.guaranteedsell.com.
Have an awesome week!
Buddy
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Buddy Blake

Buddy Blake Our team sold more homes in 2006 than anyone else in the Wilmington area. We sold nearly 300 homes which added up to over $120 Million dollars in sales. Read More

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