Week in Review, November 14th

NO CHANGE IN RATES THIS WEEK. THINK OF IT AS AN EARLY THANKSGIVING PRESENT.

For example, if at the dinner table on Thanksgiving Day and a tradition is to say something you are thankful for, you can think back on today, the 14^th of November, and say, "I am thankful that mortgage rates stayed the same from November 7^th until November 14^th." Sure your family may look at you with bewilderment and they may claim that you have truly lost your mind, but remember: they may not be experiencing this housing downturn quite like you have...

•1) FHA CHANGES LOAN LIMITS: I sent an email regarding this yesterday. So, just as a reminder the new limit for Maricopa County is $271,050.00.

•2) UPCOMING R.E.A.L (Real Estate Agent Loan) TRAINING CLASS: On Wednesday, November 19, 2008, I will be presenting a seminar regarding the loan process, current information about underwriting standards, and potential loan products and programs. It should be a fun seminar so if you are in the area of Scottsdale and Shea on Wednesday morning the 19^th of November at 9:30 AM. Give me a call and stop by.

•3) PERSEVERANCE: The greater the obstacle, the more glory in overcoming it. (Moliere)