Let me start off this morning with a tip, always have a backup coffee maker on hand. Me, I keep two running at all times with a backup in the closet. I threw in a little picture of my 2 makers, I don’t buy new, I buy used, this new stuff just doesn’t brew the same. Picture below to the right.
Now let’s get down to business. The Fed announced today in a much anticipated statement they’ll keep the Fed Funds rate between 0 and a quarter percent for an extended period of time. They said inflation is subdued, hey, tell me something I don’t know! Talk about a re-run. Every month it’s the same statements, same chatter in the media. Let’s keep this topic to this short paragraph. Here’s an article we published today that goes more in depth on the topic, it even has a video. Read it here.
Sheldon Levene said today refinance is on life support, read it here. Hey, did you watch the State of the Union address Shelly? Apparently somebody didn’t tell our great president Mr. Obama this. He smade it a point to mention families will be refinancing in 2010 saving money. My take? Somebodies going to get approved. Yada Yada Yada, you get the picture. I think Shelly and Barack will meet in the middle on this one.
Our local mortgage rate search is really picking up steam. I think that’s just fantastic you can search rates by zip code, program, loan amount and all this good stuff. This thing we’ve got going partnered up with Informa Research Services, it’s a good thing. Technology…I’m tellin ya, soon they’ll be cloning top industry closers and everybody will be selling everybody somethin, it’s going to be rediculous. I used to have to make a collect call to my girl at the bank to get a par rate, and we had a SPECIAL relationship, if you catch my drift.
I hope you enjoyed your COFFEE AFTER MIDNIGHT.
Signing off,
The Real Bruno Mckenzie