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Archive | October, 2008

Lower Gas Prices in Orlando – Orlando’s real estate and mortgage Savior?

October 11, 2008

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Okay, [my signature beginning for the return readers] given the stock market’s recent plummet, it is not at all surprising that oil’s free-fall has got very little attention. That doesn’t make it any less relevant though. Since peaking at like $146 per barrel, oil prices are off by a HUGE amount. Friday, it was at [...]

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WAKE UP! Smart buyers are jumping in… with both feet!

October 10, 2008

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“You buy when there’s blood in the streets” –Baron Rothschild With the simple statement, Buy-Low, Sell High… what should people be doing now?¬† Um, isn’t it obvious?¬† To the smart, forward thinkers it is… Real estate buyers are jumping back into the Orlando housing market and taking advantage of Orlando mortgage rates. Each month, The [...]

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The FED rate cut and… okay, I’ll say it… apocalypse

October 9, 2008

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Sooooo, [I thought i would start with something other than 'okay...' LOL] The FED made an “emergency rate cut” yesterday, dropping the Fed Funds Rate by one half-percent to 1.500%. What you care about, is the PRIME rate dropped to 4.500%… this is what HELOCs and credit card rates are based on… yeah I know… [...]

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Orlando Mortgage Rates and BLOOD shooting from your eyes…

October 8, 2008

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On Monday, the Dow Jones closed below the mental barrier of 10,000 points for the first time since 2004. Bad news… well it depends… doesn’t everything these days!? Despite the milestone of ‘doom and gloom’ there is a large group of the American public with reason to “stand up and cheer” [You gotta say that [...]

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IRS funded Orlando Down Payment Assistance

October 7, 2008

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Okay, we all know that the loss [unless something changes] of Ameridream and Nehemiah is going to stifle the first-time buyer’s ability to jump in the market, do we not? Well… maybe not so fast. What about the IRS-Funded Down Payment Assistance? I am talking, obviously, about the new $7500 Tax Credit for First-time home [...]

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Mortgage Blog News – Week of Sept 29- Oct 3

October 7, 2008

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The “NO” vote turned into a “YES” vote last week… I guess that is the biggest news… and boy did that [cough] stabilize things [cough]. Ughhhhmmmm. Sorry. Congress did approve the $700 billion “Bailout Bill” Friday. Ironically it was not exactly $700B… it was closer to $850B. Well, i mean come on… they had to [...]

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Wake up Orlando Real Estate: Fannie Mae cuts Mortgage Loan Fees

October 6, 2008

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Okay, FHA Loans are only 90% of today’s market… conventional loans DO still exist. In an effort to provide “the most market support possible”, one of our beloved GSEs, Fannie Mae, is slicing one of its standard loan fees by 0.25%. Fannie Mae introduced their, [Good Lord, who thinks up these names...] Adverse Market Delivery [...]

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The Over/ Under on the BIG GAME

October 4, 2008

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While I am a big college football fan, as I know many of you are… this is not about football… and as my veins bleed Orange and Blue [cough] Go Gators [cough], the players in this ‘game’ have colors of their own. The question is… who are the players? Is it the Green Tycoons of [...]

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Should you get an Orlando Refinance? Should you tap your assets?

October 3, 2008

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The sure thing that uncertainty seems to bring with it…¬† more uncertainty.¬† With uncertainty, comes inaction.¬† This is good and this is bad.¬† I guess the proper [in]action is whatever you must do to keep your powder dry. For some people that may mean… do nothing.¬† For many more, it may mean getting things in [...]

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Mortgage Market, Stock Market, Unstable… Oh my!

October 2, 2008

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<‚Äî‚Äî‚Äî HAVE YOU SUBSCRIBED TO RECEIVE THE RSS FEED YET? Get notified when new Orlando Real Estate Posts are made. After the House of Representatives defeated the ‘Emergency Economic Stabilization Bill of 2008′ affectionately known as the$700B Bailout… the stock market fell more in any single day in history.¬† [You probably have already recognized that [...]

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