Ed Wacaster's Blog

Hooray for the Federal Open Market Committee (FOMC< the Fed) cute rates by a half point and lowered their rate top 3.0%. They also ,oowered the discount rate to 3.5% which is something we don't hear much about inteh news, just in here and other small places like my brain on a good day. Now we've ...

HEY! HEY! HEY! We're trying to live down here dad gum it! It seems that every time the market hits it's peak or its valley,it flat out goes haywire and we end up with a volatility like we're seeing right now. This is encouraging, yet it aggravating as we are forced to listen to all of the talking...

I asked in an e-mail blast yesterday for someone to tell me how "Helicopter Ben" got his name. One of the responses I got was  had a friggin propeller an his head just like the retard he is. Spoken like true Socialist is all I could think. Then I removed them from my e-mail list.Poor Ben is going...

So you thought 2007 was eventful did ya? Well shoot! Dad Gum! Ain't that a hoot?! and all those other "isms" that rednecks in my neck of the woods can thunk up without help from a capital city.Aurora, one of my favorite lenders bit the dust today. Lehman brothers, their parent company pulled the ...

 So Goldman Sachs think their so smart. Pay attention to this because these guys have a pertty good track record for their accuracy. They are stating that unemployment will be at 6.5% by 2009 and that the Fed will lower their rates from the current 4.25% dowen to 2.5%.When I first read this this ...

I was reading my daily market subsriptions today as always this morning. One of the items that popped out at me was the revision to the October home sales being updated to a +3.7% versus an initial report of +0.6%. that's quite a jump given todays real estate cycle. I have't heard a word about it...

It seemed like it took three years for 2007 to get outta here, but it finally made it! YAHOOOOOOOO!! and I ain't talkin websight! I've had some opportunities to chit chat via conference calls and video conference with some of the nations top mortgage minds. They seem to agree that unless somethin...