Category Archives: Ping.fm

The great opportunity now is for home buyers to get a mortgage at an historically low rate. Freddie Mac reported national average mortgage rates set new record lows last week. But according to most observers, buyers shouldn’t expect further rate dips. … Continue reading →

In August 2011, Apple Inc became the highest valued company in the world with a Market Cap of $337.2 billion. Shortly after, Steve Jobs, founder of Apple, retired. Having built the company for 30 years, he recently earned the title … Continue reading →

It frustrates me when I turn on the news and hear newscasters play up one data point in their newscasts when they talk about the economy, ignoring many other factors. That isn’t fair, and it doesn’t tell the whole story. … Continue reading →

Shares of homebuilders rose after a new report said housing prices have increased for the third straight month. The Standard & Poor’s/Case-Shiller home-price index showed Tuesday that prices rose in June from May in 19 of 20 cities tracked. Prices … Continue reading →

A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. Robert Frost  

The Week’s Economic Indicator Calendar Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates. Economic Calendar for the Week of Aug 22 … Continue reading →

Ms. Schucman was the Columbia University clinical psychologist who “scripted” A Course in Miracles. Many are hoping for a miracle to send the housing market into recovery, but Ms. Schucman says we only need to look at a situation properly … Continue reading →

– Sales of newly built, single-family homes declined 1 percent to a seasonally adjusted annual rate of 312,000 units in June, according to figures released today by the U.S. Commerce Department today. “Today’s report shows that new-home sales remain in … Continue reading →