Saturday, March 7, 2009
With the passage of Obama's plan now is a great time refinance your minnesota home. Refinancing your home can drop your monthly payment and save you thousands of dollars over the life of your loan. Minnesota Home Loan was able to give me a great rate on my home. For those of you not in Minnesota you can find a list of mortgage companies by state. In addition you may be able to take advantage of Obama's tax credit.
Friday, March 6, 2009
A while ago a good friend of mine asked me if I thought the market could go to the 6,000's? At the time the market was at about 7400 and heading down. I thought to myself, that would be crazy since the market has not been that low since pre '96. However, I looked at the current market situation and my gut feeling was we likely would hit into the 6,000's shortly. Sure enough within a few weeks the market subsided the 7,000 mark and continued to head down. I think coming up in the next few weeks the market will continue to trade in this range and probably bottom out somewhere around 6200. As a long time investor I don't even know what to think anymore, everytime I think it cant get any worse it does.