maurice cohn

I came in this morning early as I do everyday, got my coffee and opened up my computer. The morning rate sheets were waiting to be downloaded and I could not believe my eyes. A 30 yrs fixed rate loan is down to 4.50%.

I guess I know what I will be doing for the rest of the day and the weekend. I'll be calling every old client that I ever did business and ever talked to and let them know what the rates are doing and see if they could use lower payments.

This is my Christmas present. Hopefully lots of refinances and maybe even a few purchases. No reccession here for me. Well this could be a good holiday and maybe with these rates we could have a way better '09.

These rates should stimulate any buyer who was on the fence to take advantage of the low home prices and incredible rates. The best of both worlds.

I wish all of you lots of luck and a great Holiday.

Why don't the Big 3 car companies ask for a bail out from the oil companies? They will both benefit. The car companies will continue to make gas guzzlers and the oil companies will have lots of clients.

Why not take the next stimulus package and instead of giving the money to banks, insurance companies and other places that would not make a bit of difference, give every tax payer that filed taxes in '07 a $25,000.00 check. This would cost far less than the new 500 billion that Congress is proposing again. We will be able to infuse this money back into the economy by buying all kinds of things like homes, cars, TVs, all kinds of consumer goods and this would really stimulate the economy. As for those that will save the money, it will be good for the banks as well. They will be increasing their reserves and will have money to lend. I see this as a much better and fairer way to get this economy of the ground as opposed to what is happening to the first stimulus package that the banks and insurance companies got and it did absolutely nothing to the average Joe.

Anyway, it's just a though. If we had more money, we would spend it far wiser than the government has done so far.

Who knew that we'd be seeing a 30 yrs fixed rate loan at 5.00% again?? Well here it is. If only anyone has a job, and decent credit and most of all a little equity, this could be a very Merry Christmas for them. The rates are testing to bottom again and from what all the whispers coming out of the Federal Reserve, looks like they might trim the rates even more, if there will be anything left to trim.

This is a funny business in a very strange market. If anyone has any equity left they could get a great loan if they're refinancing providing that you can prove that you can pay the loan back. Why don't banks that are getting bail outs have to prove that they will be able to repay the tax payers back for the money that they're taking from us. Why are they less accountable than us?? Why are we being held to a higher standard? Why do the CEO's of these banks are not being paid on the performance of the bank and stock price? The bank makes money, the stock goes up, they should get big pay. The bank asks for money, the stocks sinks, they should be paid $1.00 per year or better yet give them a pink slip.

Anyway, with the gas prices dropping and now the interest rates doing the same thing, if you're in the possition to buy or refinance, this could be a great time and make the holidays more joyous.

These are some thoughts that might make live a much happier and sucessful life.

1. Dream more while you're awake.

2. Try to make at least 3 poeple smile everyday.

3. Life isn't fair, but it's still good.

4. Life is too short to waste hating anyone.

5. You don't have to win every argument. Agree to disagree.

6. Don't take yourself so seriously. No one else does.

7. Make peace with the past, so you won't screw up the present.

8. Don't compare your life with others. You have no idea what their journey is all about.

9. Forgive everyone for everything. (my personal favorite).

10. Time heals almost everything. Give time, time.

11. Do the right thing.

12. Call your family often.

13. the best is yet to come, enjoy the ride.

These thoughts were written by Brett Noel coaching you to Success.

Like every cloud has a silver lining, so does inflation for every home owner. Here is my point. If you bought a home 10 years ago and had a payment of $1,000.00, it was a substantial expence. The same $1,000.00 today is very manageable and not as much of a burden.That being said, keep in mind that we just came through the years with the lowest inflation in recent history. Now imagine what the same $1,000.00 will have the power to purchase in the next 10 years. Maybe a good lunch??? Seeing what the gas prices, food prices and energy prices have done in just the last year, we all can be sure that inflation is here to stay and will rage in the years to come.

Here is the only viable solution for renters and buyer that are on the fence. Go out and buy a home from this depressed market at a reduced price and get yourself a 30 yr fixed rate loan at around 5.50%. Sit back and marvel at your brave, smart decision. You can be sure that you'll be financing your American Dream with cheap dollars and getting cheaper every year. You'll look back at this time and tell your family and friends, what a wise move you made at the time that a lot of people saw nothing but gloom and doom. Not only that you have a roof over your head, a great tax deduction, but a place that you'll be able to call HOME.

That being said, we all should cheer inflation and be glad that we are in the business we're in to be able to help future generations achive the American Dream.