• Treasury secretary Tim Geithner and his posse have proposed three strategies for winding down Fan­nie Mae and Freddie Mac, the gargantuan governmentally sponsored version of Terri Schiavo if she was a mortgage securitization giant.  I can’t say I blame them, as our banking system exploited the poor GSEs to near-death.  The downside of this is that regardless of the choice they make, higher loan costs and larger down payments are unavoidable.  So, if you’d like to get yourself into a home before rates AND loan costs go up, I would suggest you get the ol’ lead out.
    Housing data lately has been like dating a drama queen.  Terrific highs followed by terrific lows with no real semblance of logic connecting them.  This is why I don’t beat you over the head with every positive headline that comes out.  That would be one-sided and disingenuous of me to do so.  It is the nature of a badly battered market in recovery.  Aggregately speaking, home values are leveling out and rates are beginning to move upwards.  You wanna talk about the nitty-gritty details?  Give me a call and let’s schedule coffee.  Chances are that it’s been too long since we’ve hung out anyway.

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