www.pmdave.com PmDave: How to mortgage rates affect the rental market? Dan Daugherty: Usually when you have low interest rates, you have more individuals that can afford to buy. The unfortunate thing about the last 4 years is a lot of these individuals were getting in to really low mortgage rates 3 or 4 % APR that were not fix, that were variable. They became variable after maybe 2 years. So now their monthly mortgage is some cases has doubled. So in these cases they are either foreclosing on the properties or they are trying to get out some how, they can't refinance unfortunately that is what we are seeing a lot in Las Vegas and Colorado the foreclosure rate has gone through the roof because of these two year ARM's is what they call them and now they are paying twice as much as they were paying a year ago. So these people still need to rent or live somewhere. What we are finding is if they foreclose they either go into the apartment complexes or single family homes but sometimes their credit is so bad that they can't get back in to a single family home so you see them going in to apartment communities. PmDave: So those people are taking away the inventory so the price should be going up. Dan Daugherty: Usually it is the whole supply and demand curve, if there is less supply and more demand you are going to see a price increase. But if there is equal - if supply is increasing just as demand you might see a slight increase in pricing but that says constant and in come ...



http://www.youtube.com/watch?v=15H1Xr89a20&hl=en

realestatemarketingthisweek.com - Real Estate Marketing - How having the Seller pay your closing costs can quadruple your money - With Michael J Barnes, Brett Fallon and Dan Havey of Real Estate Marketing This Week Part 2 - On the other hand if you roll that into the loan it's going to take you 160 months to break even on that. 160 months which is a little over 13 years, that is the antithesis of the Velocity of Money that we talk about on the show every week, so I am not convinced that its the right deal for the masses, but something that should be considered is what is the opportunity cost of taking the money out of Account X and the type of account you taking it out of has some impact too. If it's from a brokerage account then you experience the market loss in that account and youre selling at these low price levels, I think the markets are going to turn and the opportunity costs over 160 months, youre talking about a substantial amount of money. And the additional mortgage payment is insignificant. Obviously no one is going to allow you to pay more than the house is worth, that's not what were suggesting. What were suggesting is merely to look at instead of simply making a lower offer than you would normally make, I'm suggesting that you consider the closing costs and what the real closing costs are in this example. Assuming that the house is already attractively priced, one of the things that this buyer in this example should consider instead of making a lowball ...



http://www.youtube.com/watch?v=NVa_8TuAbGA&hl=en

paul.house.gov http Recently there have been some encouraging signs that Congress is finally willing to admit what should have been evident two years ago. Even after a $150 billion bailout, Fannie Mae and Freddie Mac are still bankrupt and should be abolished. Indeed Rep. Barney Frank, a longtime champion of Fannie and Freddie has made a few statements alluding to this and I have signed on to a letter asking him to clarify his remarks and hold hearings on this topic. There seems to be a growing consensus in favor of abolishing Fannie and Freddie. This is the good news. The bad news is that instead of simply returning to the free market, Fannie and Freddie will probably be replaced with something equally damaging, and at this point we can only guess what that will be. One possibility is that instead of these two giant Government Sponsored Enterprises (GSEs) the government will deputize thousands of smaller banks to do the same thing -- that is to securitize mortgages with taxpayer guarantees to encourage lending that otherwise would not happen. In other words, there will be a myriad of smaller Fannies and Freddies, and government involvement will reach even deeper into the financial sector. Fannie and Freddie, and thus the taxpayer, has an alarming $5 trillion exposure to the mortgage market. To some, spreading out this risk might seem tempting, and a smart thing to do. But the fact remains that if a bank expects to lose money on a loan, so will the taxpayers. Playing ...



http://www.youtube.com/watch?v=GcijJcAuJ74&hl=en

★ Fed creates inflation increases the real value of these assets ★ activities artificially in difficulty seems to be appreciated, if not in reality.



http://www.youtube.com/watch?v=xxtTKnLYDtU&hl=en

federal funds, the federal funds rate, the discount rate of the shirt, first federal prime rate, mortgage rates, the Daily Market Watch. When you buy a house or a car needs to know what the market is, and public finance mortgage bonds. No credit, bad credit or need credit repair call John Franco 661.310.1514 visit my blog www.johnfranco.com



http://www.youtube.com/watch?v=oa0nt4gvlNA&hl=en