Archive for May, 2009
The Mortgage Production Line
A Mortgage Loan from Start to Finish!
Most people know exactly what a mortgage loan is, but very few actually know that this crazy financial instrument, called a mortgage, is manufactured just like almost any other product! Well, it’s not a physical product, but there is a starting point (origination), and an end point (mortgage-backed [...]
Predicting Mortgage Rates
How to Predict Mortgage Interest Rates
Everyone would love to have that notorious crystal ball, so they caould look intot he future and know everything. When talking about financial markets, mortgage rates are one of the top things that people would love to know. People are always trying to predict the mortgage interest rates. [...]
NJ Mortgage: Patterson a Sign of the Times
NJ Mortgage Conditions and Patterson as an Example
It truly is a sign of the hard times that the NJ mortgage and real estate homes markets are going through right now in New Jersey. It seemed like just yesterday when NJ homes for sale could command almost any price they wanted…when inner-city areas like Newark, [...]
NJ Mortgage: Northeast Sees 9.8% Homes Sales Declines!
NJ Mortgage and Homes Market Takes another Tumble?
Just when you thought that huigh time for the NJ mortgage markets was here, you haven’t seen anything yet. Hoems sales in the whole Northeast continued to fall, and at a record pace. March of 2009 saw NJ home sales fall 9.8%! Remember all that [...]
NJ Mortgage: Home Prices Haven’t Hit Bottom?
NJ Mortgage Rates are Still Low, But Homes are Not Selling
Many reports that were very optimistic about NJ home prices and prices of homes in New Jersey for sale, are now sort of negative, or at least “glass is half empty”, in nature. The reason I say this is becuase, in some parts of [...]
NJ Mortgage Talk - Pent up Housing Supply
There is a lot of chatter on the street, about the pent up supply of homes in New Jersey for sale. We literally have almost 3 years of inventory ofr houses in NJ for sale. It is staggering! This all started bacnk in 2006, when the New Jersey homes for sale market [...]
NJ Mortgage - NJ Second Home Updates
Many people forget that NJ homes sales, prices reductions, NJ forecloures, etc, are a part of life in New Jersey. It’s not just the urban areas that face tons of foreclosures and other New Jersey housing problems. South Jersey has seen its fair share of NJ homes for sale fall through the [...]
NJ Mortgage News - more on the “Banksters”
We know that central Banks, like the Federal Reserve, affect nj mortgage interest rates and such, and they control an entire country’s economy, which is usually not a good thing folks. I want to take some new looks at what a central bank rally is, aside fromt eh center for the economy of New Jersey [...]
NJ Mortgage - More about Central Banks
So in previous posts, I have talked quite a bit about how NJ mortgage is affected by central banks and centralization of power in general. Central Banks, to the educated and forewarned, are recognized as “creatures of financial crisis”. Yes, central banks can destroy a country and an economy, great or small. [...]
NJ Mortgage News and Global Banking
Okay, we know that NJ mortgage rates are very low and that is a great thing. We know that they are low because the economy is in shambles and not many people are buying homes in NJ for sale. We also know that our current President is full of promises and we don’t [...]