Neal's Blog

Unless you have been avoiding the media entirely (which is often not a bad idea), you probably have heard that this week Congress will send to the President for his approval an economic stimulus package. I have no interest in analyzing what this may or may not do except for one aspect-the provisions that will likely lower interest rates for many of my clients. It seems hard to believe that less than a year ago The Fed was worried about inflation and raising the cost of money. In retrospect it seems like it was not the right decision-with higher rates, lenders unwilling to lend for new purchases, rising foreclosures all combining for the worst 6 months in Real Estate (or retail, automotive etc) that many can remember-ever. This Stimulus Package is an aggressive attempt to stem the negative tide on many levels. Lets focus though on what it can do for you. First, if you have a loan between 417,000 (the current break even point for jumbo loans) and 729,950 you will now be able to

Unless you have been avoiding the media entirely (which is often not a bad idea), you probably have heard that this week Congress will send to the President for his approval an economic stimulus package. I have no interest in analyzing what this may or may not do except for one aspect-the provisions that will likely lower interest rates for many of my clients. It seems hard to believe that less than a year ago The Fed was worried about inflation and raising the cost of money. In retrospect it seems like it was not the right decision-with higher rates, lenders unwilling to lend for new purchases, rising foreclosures all combining for the worst 6 months in Real Estate (or retail, automotive etc) that many can remember-ever. This Stimulus Package is an aggressive attempt to stem the negative tide on many levels. Lets focus though on what it can do for you. First, if you have a loan between 417,000 (the current break even point for jumbo loans) and 729,950 you will now be able to

Unless you have been avoiding the media entirely (which is often not a bad idea), you probably have heard that this week Congress will send to the President for his approval an economic stimulus package. I have no interest in analyzing what this may or may not do except for one aspect-the provisions that will likely lower interest rates for many of my clients. It seems hard to believe that less than a year ago The Fed was worried about inflation and raising the cost of money. In retrospect it seems like it was not the right decision-with higher rates, lenders unwilling to lend for new purchases, rising foreclosures all combining for the worst 6 months in Real Estate (or retail, automotive etc) that many can remember-ever. This Stimulus Package is an aggressive attempt to stem the negative tide on many levels. Lets focus though on what it can do for you. First, if you have a loan between 417,000 (the current break even point for jumbo loans) and 729,950 you will now be able to