Clint Haynes's (clinthaynes) Blog

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Mortgage and Lending - Peoples Home Equity, Inc.

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2008 

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The FED met today and cut the Federal Funds Rate and the Discount Rate by a half percent each.  The Federal Funds Rate is an overnight bank lending rate that affects home equity lines of credit, credit cars, and auto loans .  It is now at 3%.  The Discount Rate is what the banks pay to borrow mon...
01/30/2008
Today the FED meets, and experts are expecting at least a half point rate cut to the Federal Funds Rate and to the Discount Rate.  Some say there is a 80% to 90% chance the FED will lower rates again, this after the surprise three quarter point cut last week.  The markets will react today and tom...
01/30/2008
Have you ever done a Home Buyers Seminar and not had a good turnout or response?  Do you know the reason why?  Perhaps it was the time of year that you did the seminar...The majority of apartment leases expire in the spring or in the fall (68%).  This means this is the best time of the year to do...
01/28/2008
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By now it is no surprise that the FED lowered rates by .75% today, in a move that shocked many people.  It is the first time they have reduced rates between a scheduled meeting since the day the market opened after the September 2001 terrorist attack.  They are scheduled to meet again on January ...
01/22/2008
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With reports of record foreclosures, and more to come, now is a great time to be purchasing investment properties.  Many of the investors I work with have been utilizing Rehab Loans.  They are great for properties that have good potential, but need work.  Distressed properties are great because y...
01/21/2008
2 Comments
We've all heard "Time is Money!"  But do we use our time at work wisely, so we can make more money?  Using time management better has been one of the single most important business moves I have made.  Here are a few ways to help use your time more wisely.Do not play around on the internet:  It is...
01/17/2008
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We've all heard "Time is Money!"  But do we use our time at work wisely, so we can make more money?  Using time management better has been one of the single most important business moves i have made.  Here are a few ways to help use your time more wisely.Do not play around on the internet:  It is...
01/17/2008
I read today that rates are at a two and a half year low.  This should be good news for everyone in the Real Estate business.  Let all your buyers and sellers know that now is a GREAT time to be buying or selling, and not to miss an opportunity to get locked in at a rate in the mid to low 5% rang...
01/16/2008
Federal Reserve chairman Ben Bernanke said Thursday that the FED is ready to step in and make rate cuts to help the slowing economy stay away from a recession in 2008.  Experts are saying his statements point toward a cut of as much as 1/2 % at the January meeting, and maybe more cuts to come at ...
01/10/2008
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Clint Haynes

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