New housing numbers out this week show another drop. The average rates for 30-year and 15-year fixed mortgages fell to 3.83% and 3.05%, which is the lowest since long-term mortgages began in the 1950s. Homeowners who refinance will continue to strengthen their pocketbook. Foundation Financial Group’s CEO, Mark W. Boyer, discusses the benefits of refinancing during this time as well as what to if you are underwater with your home.
CEO of Foundation Financial Group, Mark W. Boyer, contributed to a roundtable discussion regarding the job outlook for 2012. He participated in the roundtable with Karen Mathis and Keith Fairchild. Mark says that we are achieving stability in the job market, which leads to consumer confidence. As consumer confidence builds the housing market will flourish. Many jobs that are currently available are technical jobs.
Introductory Statement by Chairman Carl Levin – From Senate Committee hearings. The credit rating agencies are; Moody’s, Standard and Poors, and Fitch….QUOTE: “Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn MD, R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report (PDF, 6MB) on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression.” levin.senate.gov
May 19 (Bloomberg) — Peter J. Wallison, co-director of financial policy studies at the American Enterprise Institute, talks with Bloomberg Law’s Lee Pacchia about the role the housing market played in the events leading up to the financial crisis in 2008 and his experiences serving as a member of the Financial Crisis Inquiry Commission. Part 2 of a two part interview.
www.presstv.com Max’s guest for this week’s show is Karl Denninger who is the founder of market-ticker.org. Karl gives some predictions on the US economy in the New Year. He is downbeat and forecasts a terrible year for the housing, banking and myriad of sectors. He says the Europe would also disintegrate and says people there will have a weaker euro in parity with the dollar. China will also break the peg and people would see a rise in commodity price, bubble assets and less export to the US. Enjoy the show.
www.presstv.com Max’s guest for this week’s show is Karl Denninger who is the founder of market-ticker.org. Karl gives some predictions on the US economy in the New Year. He is downbeat and forecasts a terrible year for the housing, banking and myriad of sectors. He says the Europe would also disintegrate and says people there will have a weaker euro in parity with the dollar. China will also break the peg and people would see a rise in commodity price, bubble assets and less export to the US. Enjoy the show.
High-quality version: www.youtube.com A free market analysis of how we ended up in the current financial crisis — and a simple sentence to clear it up for everyone else! Freedomain Radio – www.freedomainradio.com
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