Posted on Thursday, 16th April 2009 by chrisjones

Market Brief: CPI comes in below expectations, and the Empire State (that’s New York, for those of you that don’t speak slogan) manufacturing index comes in crappy, but not as crappy as was expected.  Bonds reacted by wandering around slowly, like a toddler just after a nap.  Nothing much happening though rates are trending slightly [...]

Tags: home run grant, mortgage grants, tax credit, utah mortgage, utah mortgage broker
Posted in Finance 101, Rate Watch | Comments (0)

Posted on Wednesday, 4th March 2009 by chrisjones

The government unveiled the Home Affordable Modification (HAM) program today, and the provisions are interesting, exciting, and devastating, depending on who you are. First the interesting part.  If you are: 1. Anyone with an FHA or VA loan 2. Anyone that doesn’t own a home 3. Anyone that has a mortgage greater than $729,750 (don’t [...]

Tags: HAM, mortgage lending, mortgage modification, pork
Posted in Ask The Magician & FAQ, Blog & News, Finance 101, General, Rate Watch | Comments (2)

Posted on Wednesday, 18th February 2009 by chrisjones

We now have a “stimulus” package (I suspect that the word “stimulus” has been written more in the last year than in all of human history combined), and its impact has been to drop the stock market by 9% in the past week.  The Obama people have gone out of their way to make sure [...]

Tags: stimulus
Posted in Blog & News, Finance 101, Rate Watch | Comments (1)