January 14th, 2008 By John Adams Contributor Published on: 01/06/08 The Federal Reserve cut the federal funds rate by a quarter-percentage point recently to the lowest level in nearly two years. The move is designed to stimulate the economy and prevent a credit crunch from hurting consumer and business lending. Real estate sales should benefit [...]
The overall economy is doing well right now. Corporate profits are strong, unemployment is low and personal income is up. Home values in Georgia have increased slowly and steadily over the past decade and now represent some of the best values available on a comparative nationwide basis and that is expected to continue. Owning a [...]
Excerpt taken from Jeff Nicholson The Federal Open Market Committee really stepped up and dropped the Federal Funds rate by .5% from 5.25% to 4.75%. This means that short term money tied to Prime will be going down such as construction loans, home equity loans, car loans and credit card. The mortgage market was expecting [...]
By Tim Barnes, Capital City Mortgage We’ve all heard about the so-called Mortgage Meltdown, hyped so widely in the news. And here in Atlanta, you would have to be in a shell to not hear about the handful of local mortgage companies that have closed up or filed for bankruptcy. In order to get your [...]