Moore Mortgage Solutions

    These past months have been one of volatility for the markets and the months ahead will be more of the same. Coupled with this is the constant barrage from the news media about the high foreclosure rate across our country.

    And yes, there is a high foreclosure rate but in certain areas around the country. In some areas, the value of homes are going up while in other areas, the values of homes have only slipped slightly-not the double digits you hear day in and day out.

    Business Week had a good article this past Thursday titled “Things Aren’t Tough All Over.” It stated that “With the median home prices down 14% nationwide...it’s easy to forget that real estate is highly localized.” And even within a metropolitan area, it can and sometimes is localized even further with the outer areas being hit harder than the metro area.

    Talking to a reputable realtor about the area you in live or the area you want to live in is important. They can give you a clearer picture of what is happening. I have several reputable realtors in My Business Directory. They will be more than happy to talk to you about your area.

    The important economic news that could move the markets are sprinkled throughout this week. Today, we start with Secretary Paulson speaking about the mortgage market at 2:30pm EST ending with the US Employment Rate on Friday. This last report is one of most important monthly reports as it tells us how many jobs were added to the economy and the average hourly earnings.

    And to top this all off, Congress has passed and the President will likely sign one of the most sweeping mortgage and housing legislation in decades. As more news filter out as to what this bill exactly entails, I will be updating you.

    In the meantime, please feel free to contact me with your concerns or questions about mortgage industry. And make each day an inspired one!

Betsy Moore

206-331-2749

www.mooremortgagesolutions.com