What I Think This Week!

March 19, 2008 at 10:11 pm 1 comment

Originally uploaded by thenelsonproject

Contributed by David Reed, CD Reed Mortgage Bankers, Austin, www.cdreed.com, author of the just released “The Real Estate Investors’ Guide to Financing”
(AMACOM 2008)

What I Think This Week!
March 19. 2008
Issue 33

I have never, ever, ever seen anything in the credit markets like I’ve seen over the past several weeks.

Mortgage rates have gone up and down at least 1/4 percent in one days’ time…over and over again!

While that may not sound like a lot, for pointy-headed number geeks like myself it’s an incredible swing.

That means if you’ve got some buyers who were approved when rates were at 5.50% and are still shopping, better make certain that when you make an offer the approval is still valid with current rates…..



Entry filed under: Anything Goes. Tags: , , , .

Bear-Stearns, the Fed, OFHEO, Gold, the Dollar… What can you buy for $200k in Austin, TX?

1 Comment Add your own

  • 1. Bank charges  |  March 21, 2008 at 5:59 pm

    I like the way you write ..Its really different and interesting … keep the momentum going ..I hope tis will really going to help me in future..The whole profit of the issuance of money has provided the capital of the great banking business as it exists
    brilliant. .


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