Hoevel's Blog

It's August, and here are some stories of interest:

Looks like the city has a new levee project in the works.

Pending sales prices appear to be rising, even though mortgage applications to a downward turn.

Things do not look good for American Home Mortgage, their stock prices fell 90%.

Foreclosures are 58% from last year.

Leading economists say that foreclosure losses may top $113 billion.

Rates on 30 year mortgages remained unchanged.

Few stories here today and a few of them are good news:

Mortgage rates are the lowest they've been since June. It might not seem like much, but it's a good sign in our housing market.

And because of this, home loan demands jump.

Just because I saw this article, Campells' is selling Godiva Chocolate.

It appears that mortgage applications are on the rise, could this be the beginning of the housing slumps end?

NAR may even be agreeing with the previous article.

But the slump is still going on if you were to ask Toll Brothers Inc.

According to USAToday, we live near one of the most affordable cities in the nation. Hope it brings in some business down the line.

I would love to hear from some loan officers on this article. How much harder are loans to get?

This will be the only time I acknowledge Hillary Clinton unless I absolutely have too. By the way, whatever happened to the Rodham part?

Finally, don't be late with your house payment in Alabama. You could be out on the street in as little as 30 days!