Monthly Archives: January 2008

Lansing (Re) Development – Positive Changes

Have you been to downtown Lansing recently? In the midst of growing foreclosures & higher unemployment around the state, Lansing is in the middle of major changes to it’s skyline. Last night, Mayor Virg Benero outlined some new tax incentives … Continue reading

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The Fed Cuts Again

The Federal Reserve Cuts Rates .50% And leaves the door open for more cuts if necessary The Fed met yesterday and today to discuss inflation and the economy. They decided to cut the Fed Funds rate (FFR) by .50% to … Continue reading

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FED Rate Cuts: How Low Can They Go? part II

After yesterday’s emergency .75% rate cut by the Federal Open Market Committee (FOMC), I have received numerous calls and questions as to how low will the FED go and how low will Fixed Rates go? If you read my previous … Continue reading

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FED Rate Cuts: How Low Can They Go?

Will Fed Rate Cuts Equal Lower 30 yr. Fixed Rates? The Federal Reserve will be meeting on Jan. 29th & 30th to discuss the state of our economy. Will they cut rates and if yes by how much? Will the … Continue reading

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Forgiven Mortgage No Longer Taxable

The President signed into law a new measure that would eliminate the tax burden on forgiven mortgage debt (read more). With the rise in short sales and foreclosures across the country, many homeowners were responsible to pay tax on any … Continue reading

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