The KCM Blog

March 2010

Interest Rates in the Post Fed-Purchase World

March 16, 2010

Many experts believe that 30 year mortgage rates will rise quickly and dramatically once the Fed ends their policy of purchasing mortgage-backed-securities at the end of this month. However, as we get closer to the Fed’s exit there seems to be debate as to how much of an impact it will have. On one side [...]

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Behind on Your Mortgage? This May Help

March 15, 2010

After receiving an overwhelming response to Friday’s post, I realized two things. First, more people than I thought are willing to admit that they need help with their mortgage payment. Second, there are many people out there who are willing to help. Both realizations were great news to me. Usually when I post on the [...]

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An Open Letter from Steve Harney

March 12, 2010

Today’s blog is going to be different than my normal posts. Usually I give you a story in the news and my insights on the subject. Today I am going to talk about me, because I think my story can help others avoid making mistakes regarding their home. There are many families struggling to make [...]

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Can Option ARMs Bear the Weight of Interest Rates?

March 11, 2010

In a previous post, we talked about our concerns regarding the number of families in 2010 that were going to have their Option ARM mortgages resetting or recasting. The term ‘reset’ deals with the change of interest rate. The term ‘recast’ deals with the actual change in the mortgage amount. In either case their mortgage payment could be affected. [...]

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It Is Hard to Buy a House If You Don’t Have a Job

March 10, 2010

One of the biggest challenges to a housing recovery is the current rate of unemployment. It is obvious that a person without a job can’t get a mortgage. An additional impact is that many people who are currently employed are afraid to commit to buying a home because of the uncertainty of the job they [...]

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What is Today’s Luxury Buyer Thinking?

March 9, 2010

Whenever you are selling anything, it helps to have an idea what your customer is thinking. I had the opportunity to attend a session at the Luxury Portfolio Summit in Las Vegas which covered the findings of the Survey of Affluence and Wealth in America 2010 produced by American Express Publishing and the Harrison Group. [...]

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