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7
May



The stock market open today is going to be very interesting after the roller coaster ride yesterday. ?Dow future and NASDAQ futures are pointing towards a high open on May 7, 2010 but anyone who follows the market knows that just because the futures are up it does not mean stocks will stay higher in morning trading.


After a 998 point drop at one time yesterday there are many investors who are fearful of the current market. ?The Greece debt crisis has caused many Americans to think twice about their investment portfolio. ?Over the next few weeks it will be very interesting to see how global stock markets react.

With the idea of a Greece bailout firmly in the mind of many global investors it may be the case that some of these investors hedge their investments with commodities or other investment vehicles. ?Yesterday we saw the price of gold accelerate much high which proves that some investors adjusted their portfolios.

A move much lower today to close the week could do great harm to market psychology. ?This Friday the overall stock market needs to show some strength to prove to investors that there is still upside potential in United States equities.

Author: Alan Lake



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Category : Real Estate Investing News | Blog
7
May



Over the last several months the idea of a federal government credit card debt relief program has become very popular. It is extremely important to understand that there is no such program but the FTC offers many free budgeting strategies to help you get out of debt.


While there is no true federal government credit card debt relief program there are many ways that you can relieve your credit card debt today. One of the best ways to pay off your credit cards is to make sure that you are making more money than you are spending.

This can be very difficult for some borrowers as they have lived a life of luxury and do not understand what it means to cut back. If you are struggling with this concept you need to access the FTC website to better understand strategies to save more than you spend.

By slowly paying off your high interest rate credit card you will see your financial situation start to improve. When your credit score begins to increase you will also notice that you will get lower interest rates on any amount of money you desire to borrow.

Author: Heather Best



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Category : Real Estate Investing News | Blog
7
May



Today’s lowest mortgage interest rates are currently below 4.75%. With home loan rates below 4.75% for a 30 year fixed mortgage there many opportunities to save a significant amount of money. Many homeowners have already saved a significant amount of money but there are still many Americans looking to refinance.


Over the last several days we have seen the 10 year treasury rate yield drop below its 200 day moving average. With this being the case it comes as no surprise to see home loan rates under 4.75%. The strong move lower yesterday helped to push rates to new 2010 lows.

When searching for today’s lowest mortgage interest rates it is extremely important to understand that not everyone will qualify for the low rates being advertised. You will need a credit score above 740 and a significant amount of equity in your home to get rates around this level.

It is very important to make sure and do your research before going into this process. By knowing what interest rates are currently available it could help you a great deal to negotiate a more attractive rate for your financial situation.

Author: Alan Lake



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Category : Real Estate Investing News | Blog
7
May



Bank of America refinance mortgage rates moved much lower yesterday along with the stock market. Home loans have seen a huge drop below 4.75% as the 10 year treasury rate tanked to the tune of 4% yesterday. With this being the case there are many opportunities to lock into a low rate today.


By doing diligent research you will likely find that there are many mortgage lenders that can help you lock in to a low interest rate today. Is very important to understand that Bank of America is not the only option when it comes to getting an attractive mortgage interest rate offer.

Over the last several months Bank of America has enjoyed a low interest rate environment as they have been able to add new customers each and every day. Customers have greatly benefited because they have lowered their monthly mortgage payments with a lower home loan rate.

Over the next few weeks it should be very interesting to see what happens to mortgage interest rates. With the stock market plummeting today there is a possibility that rates could go down as well with the fears of a grease ballot.

Author: Alan Lake



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Category : Real Estate Investing News | Blog
6
May



Asian stock markets look to sell off on Greece bailout worries. At the present time we are seeing the Nikkei down over 4% on worries of not only the Greece bailout but some of the concerns that are involved with the US stock market as well. Even though much of 998 point drop was due to a trader error this is still a concern for many global investors.


It will be very interesting to see how Asian stock markets react over the next several hours as the possibility of a Greece debt crisis is upon us. If Greece must be bailed out by taxpayers of other countries there could be a huge selloff in global stock markets.

Today we saw a drop of over 300 points on the United States stock market and there has been an increased amount of fear as a trader error caused the Dow Jones Industrial Average to plummet nearly 1000 points. While it is the case that much of this drop was an error there are still many fears that there could be a stock market crash in the future.

The movement of Asian stock markets could go a long way to tell us what is going to happen with the global economy over the next 24 hours. With European stock markets opening in the very near future and Asian stock markets already open we will likely see how much Greece will affect the overall global economy.

Author: Heather Best



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