Friday, April 3, 2009

FW: Inman PM: Hope for a 'decline in the rate of decline'

 

 

Mark Adamczyk

Realtor/Owner
ItsYourSale.com, Inc.
504 N. Wymore Road
Winter Park, FL 32789
Phone: 407-227-6263
Fax: 866-269-5994
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

 

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From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Friday, April 03, 2009 4:11 PM
To: mark@itsyoursale.com
Subject: Inman PM: Hope for a 'decline in the rate of decline'

 

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Friday, April 03, 2009

Hope for a 'decline in the rate of decline'
The Fed's outright purchases of agency mortgage-backed securities -- bonds guaranteed by government-sponsored entities such as Fannie Mae or Freddie Mac -- are having the desired effect: Rates are down and staying down.

Even the Fed's immense power cannot force rates to 4.5 percent or lower (not quickly), but it has removed upside volatility. Mortgage rates should have run back way above 5 percent in a week like this -- a big bear-market stock rally and immense refinance demand -- and instead held near 4.75 percent ... CONTINUED

Move Inc. CFO to depart
Exec will stay aboard until replacement is appointed


Lenders approving more short sales
Report: Six foreclosures for every short sale


Protecting assets when spouse forecloses
In some states, one's default is another's tough luck


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Real estate teams find power in numbers
Agents join forces to grow business

Not my listing? Not my problem
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