With all this recent talking about the state of the economy and real estate; it is becoming increasingly difficult to sort out all the news stories.
Here are a few of this weeks News Highlights:
House OKs Lift on Fannie, Freddie Loan Limits Source: Reuters, Patrick Rucker (01/24/08) and REALTOR Magazine Online
U.S. 30-year mortgage rates lowest since March 2004 Source: Reuters
California loan defaults hit 15-year high Source: AP and CNN.com
Bush, House Hammer Out $150 Billion Stimulus Bill Source: Washington Post
Overall, some good news and some bad news. While Lawmakers cannot agree on exactly what this Economic Stimulous Package will contain; most people expect to get some kind of check from the government.
The one thing we can agree on : Mortgage Interest Rates; love bad economic news.... rates are down!
Call James for all your Real Estate needs and questions; servicing DC, Virginia, Maryland and the Greater Washington DC Metro area.
RE/MAX Allegiance - Georgetown
1720 Wisconsin Ave NW
Washington DC 20007
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Licensed in DC,MD,VA
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James, I love the first one. If it goes through, we will be swamped with refis.
Hi James,
If the media would adhere to "if you don't have something nice to say, say nothing at all", I think everyone would be much better off.