Archive for the ‘Mortgage’ Category
Monday, March 9th, 2009
By Richard Russell March 9, 2009 -- We will get longer days starting on Sunday, but the days feel quite long enough already, what with the difficult economic environment. Perhaps a sun still shining for the evening commute will lend some cheer, as may, the warmer days, which will ...
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Saturday, February 28th, 2009
By Petya Kirkova Foreclosures are sweeping the country faster than the newspapers can report them. It’s not even news anymore. Not for anything else, but seeing the “Bank owned” signs is so natural already that it becomes disturbing. Homeowners from Idaho to Georgia have the same unfortunate common denominator ...
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Monday, January 19th, 2009
January 19, 2009 -- Even with headlines touting mortgage rates at historically low levels, regular observers know that there was little change in mortgage rates this week. Conforming mortgage rates were said to have fallen below an average of 5%, at least according to Freddie Mac and the MBAA. Of ...
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Monday, December 1st, 2008
By Richard Russel -- The evidence of a downturn has been widespread for months, slower production, stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of Economic Research, charged with making the call for the history books, waited until now to weigh in. In ...
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Friday, November 21st, 2008
By Richard Russel -- November 21st 2008 --- The drumbeat of bad economic news continues, and grows louder. In other economic periods, this would often be accompanied by sliding fixed mortgage rates, but in the risk-averse and panic-market world of 2008, that is simply not the case. Mortgage rates remain ...
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Monday, November 17th, 2008
BY RICHARD RUSSELL November 14, 2008 -- A week light on economic data didn’t lack for activity. Stock markets continue to rage about, bond yields continue to bounce around, and our newly-activist government is engaged yet again. This week, Treasury Secretary Paulson all but abandoned the original troubled ...
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Friday, November 14th, 2008
BY RICHARD RUSSELL Richard Russell, president of Richland Equity Resources Corp., came To real estate by a series of corporate events that typified the late '80s. A top executive for Burlington Industries in 1980, Russell, after returning to New York from Chicago , moved into a five-story walk-up in ...
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