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Barry’s Blog

Interest Rates and Craftmatic Beds

Did’ja Know? The unemployment report comes out the first Friday of every new month. Although economists expect it to get worse before better, we aren’t at the all-time worst. Here are some stats: Lowest unemployment ever was in June of 1953 when it was at 2.50%. That year the Korean War ended, From Here to […]

New Home Sales are UP!

New Home Sales are UP! On Monday it was announced that new home sales rose by the largest amount in more than eight years last month. The last time sales rose so dramatically was in December of 2000. This is a great sign that the bottom is behind us. Also, in December of 2000 I […]

Feel-Good Fed Reports

See Spot Run FHA spot approvals are fading into the sunset as more and more lenders decide on their own whether to take on FHA condo loans. One note: getting lenders to approve FHA loans on condos is like wedging a square peg in a round hole, as lenders can’t discriminate – but they are […]

Rates and the Chicago Cubs

Inspirational Quote “To me there are three things everyone should do every day. Number one is laugh. Number two – spend time in thought. Number three, you should have your emotions move you to tears. If you laugh, think, and cry, that’s a heck of a day.” – Jim Valvano Rates Came down quite a […]

Falling ARM’s!

3-Second Rule As a germ freak, I’d like to announce that I’m not a believer in the 5 second rule. Once the food hits the ground the party is over. I’ve got plenty more fun tidbits and facts for you today, so read on, my friends… Rates Hard to believe but the ARM rates are […]

Discover the Value

Appraisals… Appraisals have been nothing short of a joke this year. Legislation kicked in on May 1st that doesn’t allow mortgage brokers to have any contact with appraisers. Even if I see one at a bus stop, I’m supposed to put my head down and walk away. This was put into place to help curb […]

Work and High School Report Cards

Inspirational Quote of the Day I had no ambition to make a fortune. Mere money-making has never been my goal; I had an ambition to build. – John D Rockefeller Rates It’s been a real roller-coaster ride the past 7 days. I’m talking about the kind of roller-coaster that when you get off you feel […]

Fannie, Freddie, and Frank & Beans

Inspirational Quote of the Day “The best way to make your dreams come true is to wake up.” – Paul Valery Did’ja know Want to keep your credit scores high? Don’t max out your credit cards. If you have 3 cards all with 10k limits and two are at a zero balance and the third […]

Interest Rate Trampoline

Interest Rates A lot of you want to know what in the H-E- double hockey sticks is going on with interest rates. In a nutshell, financial reports come out every single morning (unemployment, consumer confidence, new home sales, Lana spending (this tracks how much my wife spends each day), etc. When these reports are good […]