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The Fed cut the Fed funds rate by another 1/2 point today, for a total of 2.25 points since September. Now sitting at 3.0%, this is the rate that banks charge each other for short-term loans. See the stock-centric review of the move at the Wall Street Journal.  Traders on the floor seem to expect another [...]

This is a truly lazy post, just a reposting of an interesting idea I saw on CreditBloggers which I read regularly through my Google reader. Apparently, Capital One has a build-your-own credit card. See http://www.creditbloggers.com/2008/01/capital-one-say.html So in addition to having rampaging Vikings in their TeeVee ads, they have a really pretty hook-y idea for getting folks [...]

Thanks to my friend Shailesh over at The Arizona Mortgage Guru, I’ve been MeMe’d. I’m such a tech geek I had to go look up meme in Wikipedia.  Here are the rules: (1) list 7 things about yourself, (2) tag 7 people to do the meme on themselves including a link to their site. 1. [...]

3 posts ago, in The Temptation of Your Neighbor’s List Price I wrote, “our current strong buyer’s market will cause your neighbor to take significantly less than X, or take his home off the market.” Readers could assume I meant that homes that sell are selling for waaaaay under asking price. Not true. Most homes [...]

MLS 2736462 There’s just so much that’s funny about this ad. It starts with “This home offers a great room feeling with wet bar” and ends with “NOTE: Sellers will not consider a Letter of Intent Offer. Only a Realtor Association Purchase Contract will be considered.” Maybe I’m missing something that goes on when investors [...]