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Hot New Federal Program

by Ashlie DuCros

Hello everyone,
 
Here are some more details on the new Federal refinance program.  Please take a look...

"HARP" (Home Affordable Refinance Program)

  • Excellent Rates, in the 4 1/2% range, 30 year fixed, No Prepay Penalty, No PMI
  • Rate and Term Refinances only, No cash out
  • Up to 105% LTV, Full Doc, reasonably good credit history
  • In some cases the appraisal is waved to 95% LTV
  • All loans to have a tangible benefit for clients
  • $417,000 at 4.500% or 4.645% APR

If you want more details please contact us!

courtasy of Fairway Equity Services

 

 

 


 

Top Economists Say Recovery Has Begun

by Ashlie DuCros

Are we seeing signs of recovery?

Read this article below that I ran across...

Economic recovery is about making people feel more confident, says Mark Zandi, chief economist of Moody’s Economy.com.

Zandi evidenced increasing home sales and gains in the stock market are some promising signs that the worst is over and people will start spending again.


“We’re starting to see some pent-up demand for goods,” he says.

But Zandi warns that the situation is still fragile. "Confidence is a very fickle thing. It can go from abject pessimism that pervades now to a more balanced view of the world rather quickly.”

Robert Brusca of FAO Economics is predicting strong growth in the last half of the year and a quick recovery for the labor market. "You've lost 5 million jobs. It shouldn't be hard to put 2.5 million jobs back on rather quickly after you hit bottom," he said.

Joseph Carson, chief economist at AllianceBernstein, calls improving home sales, a rising stock market, and better-than-expected retail sales in February and March good signs of a turnaround. By the time President Obama’s stimulus package takes effect, the economy will be ready, he says.

"The stimulus has a much better chance of working if trends are already turning up than if it needs to halt a decline," he said.

Source: CNNMoney, Chris Isidore (04/06/2009)

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Ashlie DuCros & Associates
Coldwell Banker Previews Global Luxury
21580 Yorba Linda Blvd.
Yorba Linda CA 92887
714-743-9778
Fax: 714-849-5489