JohnsBlog (articles, news, thoughts, advice)

We are still going strong with our Community Hero (refer to previous blog) program, getting our Community Hero's into new homes and saving them a ton of money through the program.

100% financing available to first time homebuyers WITH CLOSING COSTS PAID FOR!!!  Not too many of these programs around, but we have lenders doing them, and who will continue to do so. 

Investment cash out, investment rehab...many investment specials, call or e-mail me for more info!

I will have anywhere from 2-4 new newsarticles appearing in Chester County's Daily Local newspaper in the month of January.  Each article will focus on a different aspect of the mortgage market, local news, and real estate in general.  As I do not have the articles completed yet (or, gulp...started), I am welcome to suggestions and am willing to answer any questions readers (of the paper or this blog) may have.

Keep a lookout, and dont forget to email sections@mail.dailylocal.com and tell them you'd like to see more news on the real estate and mortgage area!!!  You can never be too informed in this market!

And on a personal sidenote which has NOTHING to do with this site, mortgages, business, etc.....the New England Patiots (as much as it hurts to say it) are amazing.  Hopefully they can go (yes, this hurts more) 16-0 and make a superbowl run...witnessing history is always nice.

In todays biggest economic news, the Fed cut their rates .25%, an expected cut that was less dramatic than many were expecting.  Due to the fact many people expected a .50% cut, stocks plummeted on the news.  However, fortunately for me, mortgage bonds made some nice gains along w/T-bonds.  This is great news for mortgage rates, as the severe gains in bond pricing from last week rebounded strongly, and for the past few dates rates were consistently on the rise.  Good work Fed.

There is still room for more rate drops if the economy continues to show the slow growth it has recently.  The Fed has the job of avoiding recession, and inflation....best of luck to you gentlemen.  The more the rate is cut, the more people will spend, the more credit will be extended, and the more liquidity that gets injected into the market will cause inflationary worries before long I'm sure, but for now it seems that giving the economy an adrenaline shot is at the forefront of our countries financial leaders' agendas. 

By the way, now is an EXCELLENT time to refinance or purchase a new home.  Waiting may not be such a great idea...rates are low, and may go lower, but many programs available today will not be around much longer.  Stated income programs are disappearing at an astounding rate, as Chase Home Equity eliminated them completely, and many others followed suit (if they did not beat Chase to the punch).  Investment property programs are also suffering.  While we still offer 100% equity loans, investment cash out, and stated loans, TAKE ADVANTAGE...you might not be able to a few months down the line, no matter how good rates may be.