The Crisis of Credit Visualized – Part 2
This only 1/2 of the story…. More to be added later. Terry
30-Year Rates Fall Below 5 Percent Mortgage rates dropped to their 11th straight weekly decline, reaching new record lows, according to Freddie Mac. Interest rates on 30-year, fixed rate mortgages averaged 4.96 percent this week, down from a previous week’s 5.01 percent. The low rates have caused a spike in home refinancing loans and a welcome relief to cash-strapped home owners facing a slowing economy and rising unemployment rates. “The fact that interest rates have dropped to a record low is an important development since more affordable home financing could help bring buyers back to the market and prevent some of these foreclosures,” says Lawrence White, professor of economics at New York University’s Stern School of Business. Other rates were mixed for the week: * 15 year fixed rates: averaged 4.65 percent, up from 4.62 percent. * 1-year adjustable rate mortgages: fell slightly averaging 4.89 percent from 4.95 percent last week. * 5/1 ARMs: averaged 5.25 percent compared with 5.49 percent last week. Mortgage rates have continued to drop ever since the Federal Reserve announced a plan in December to buy up $500 billion of mortgage securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae—the government-sponsored enterprises. Freddie Mac started recording mortgages in 1971. Source: Reuters, Julie Haviv (1/15/09)
Remember one thing today: to have friends be a friend. It takes time. It’s an investment into another human’s life. We are not dollar bills or “prospects or clients or customers” . We are human beings…. You may enjoy this site…. Click ” Go Here“.
We are Human Beings not human Dollars.
We are human beings not human dollars. Listen…. This will lift you up….If you are fearful or afraid you have many friends who are just as fearful.Walk across the room and talk with someone…Be the Hero….Talk with someone..
Use the color red to grab attention and to get people to take action. Use red when you don’t want to sink into the background. Use red to suggest speed combined with confidence and perhaps even a dash of danger. A little bit of red goes a long way. Small doses can often be more effective than large amounts of this strong color. Multiple shades of red and even pink or orange can combine for a cheerful palette.
Look at the use of the Color Red on the Web to find which of the named colors in the red family are the most attention-grabbing, mysterious, friendly, sophisticated, or mentally stimulating.
Check out what your favorite color means….. Read More
Just Be Thankful
The decline in residential property prices appears to be slowing, according to preliminary data from First American CoreLogic.
A preview of its November report shows that home prices fell 9.6 percent last month, compared with 10.4 percent in October and 11.2 percent in September.
“The consistent deceleration over the past two months with November indicating the same trend in price declines is encouraging because it could portend the trough in price declines,” says Mark Fleming, chief economist for First American CoreLogic.
Still, layoffs and the swollen supply of unsold homes remain a concern, he notes.
Source: American Banker (12/29/08)
Rocky Balboa’s inspirational speech to his son.
Life throws punches…the difference between winners and losers is the winner takes the hit, but gets up and keeps moving forward….A winner just refuses to be stopped. No excuses….Just keep doing…
Rocky on The Beach
You must believe what you believe from the inside. Your tipping point is the moment you believe in yourself…..no regrets, no excuses and no I could have tried harder…Only you can settled this…Just do it…
Terry McDaniel 