Tag Archives: local real estate

Solving The Mortgage Crisis

From Barrons: WHAT DO YOU CALL A PERSON WHO OWES MORE ON HIS MORTGAGE than his house is worth? Absurdly, the payments still are designated tax-deductible interest (mostly) and repayment of principal (a tiny fraction). To solve the mortgage crisis, … Continue reading

Posted in mortgage | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Solving The Mortgage Crisis

Cutting Rates On Jumbo Loans

From the WSJ: Executives of Fannie Mae and Freddie Mac told Congress they are finally bringing down interest rates on some "jumbo" mortgages. Jumbo mortgages are those larger than the normal limit — currently $417,000 — on loans that can … Continue reading

Posted in fannie mae, freddie mac, Jumbo | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Cutting Rates On Jumbo Loans

Refinance & Canadian Real Estate

From the CBC: What will the subprime mortgage problem in the U.S. mean for British Columbia homeowners and home buyers? This is your chance to ask CBC News reporter Kirk Williams about the local real estate market. Property prices are … Continue reading

Posted in Canada | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Refinance & Canadian Real Estate