November 2009 
There are 3 blog entries for November 2009.
Mortgage Rates Continue To Remain Attractive On Weak Dollar
Friday, November 13th, 2009 at 9:51pm. 1791 Views, 5 Comments.
Rates are just a bit better than last Friday, as shown below. The Univ of Michigan's highly watched Consumer Confidence report came in much lower than expected today, but it didn't seem to have an effect on the markets. However, I'm sure the retailers are paying attention, and are no doubt, nervous to say the least.
There's a lot of talk right now about the strength, or lack thereof, of the US dollar. There seems to be some unspoken plan to keep the dollar value low to entice the rest of the world to buy US goods and participate in our market trades. For many investors outside the US with stronger currencies it makes perfect sense. For our markets this is not necessarily a bad idea in the short term. However, having our currency remain weak in the…
Friday Update - Mortgage Rates Steady - Home Buyer Tax Credit Extended
Friday, November 6th, 2009 at 8:32pm. 1331 Views, 0 Comments.
As shown below mortgage rates are about the same as last Friday. Seems you're seeing that on a fairly consistent basis over the last few months. The employment report was issued this morning by the Labor Dept, and it came in even worse than expected. Unemployment is up to 10.2% nationally which is the worst since April of 1983, also in that report were figures that show worker productivity was up substantially. This means that if the GDP grew in the last quarter as it was reported, then it was done with fewer workers than before. We'll skip the actual stats because the concept is very evident.
If companies can run at full or increased capacity with fewer workers, they are not going to start hiring new workers until they absolutely have to in order to…
Breaking News: Homebuyer Tax Credit to be Extended and Expanded
Thursday, November 5th, 2009 at 6:41pm. 742 Views, 1 Comments.
Both the House & Senate passed an extension and expansion of the homebuyer tax credit. This could be signed by President Obama as early as tomorrow morning. Below is a summary of the new home buyer tax extension and modifications.
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