[youtube]http://www.youtube.com/watch?v=zCyDDII4ZsU[/youtube]continue reading...

Out here in San Diego we are approximately 30 months into the housing correction and 6 months into the “credit crunch.” We have seen housing prices correct downward in some areas as much as 20% to 25%. With all the doom and gloom out there in the real estate world, I thought I would interject my two cents into this whole mortgage crisis. We all heard the stories of landscapers to grocery clerks buying $800,000 homes! Buyers with 580 credit scores...continue reading...

Tuesday was an important day for the markets. Bernanke and company lowered the Fed Funds rate 75 basis points to 3.50%. The largest move since 1984! There are growing concerns that the weakening US economy may spread to the international markets. Watching CNBC, there is talk about the small and large "R word." The small being a national recession and large representing a possible global slowdown. After five consecutive sessions of...continue reading...

Despite the Federal Reserve's 1/4 point interest rate cut last week, mortgage rates were driven upward. The Fed announced that it will be injecting additional cash into the market and will be providing additional access to US dollars for a number of foreign central banks. many bond traders unloaded holdings, which pushed mortgage rates sharply upward. Retail sales came in much stronger than expected and both the CPI and the PPI revealed that inflationary pressures may be on the rise. While...continue reading...