Archive for October, 2011

HARP

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President Obama announced on Monday his plan to revamp the Home Affordable Refinancing Program, HARP. This plan will attempt to rescue homeowners trying to refinance underwater mortgages with a new initiative that lets people with little or no equity get a better interest rate at a reduced cost.
If you would like to refinance your mortgage, now is the time to contact me.

Weekly Economic Report

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Although it is easy to focus on the negatives in this gloabal economy it is also important to focus on the positives. As of October 5th, 2011 new home sales for August were up 6.1% from last year, the Case-Shiller Home Price Index rose from June to July in the 10 and 20 city survey, and August was the fourth consecutive monthly gain in a row. These statistics shed an uplighting light on our ever changing economy.