Luxury Mortgage Blog

Warren Buffet is famous for saying that the “herd mentality” controls the markets and that the markets can be controlled as much by emotion as anything else, and the belief that we are heading into a could quite easily be yet another example of this. If people think the Las Vegas market is ailing, it will likely fall in the short term. Fortunatley, this mentality can be quickly overturned by the fundamental factors that influence the local economy and markets. So, will the Las Vegas local economy really tank due to a US recession?

        There is not much debate at this time about whether or not certain segments of the housing market are in fact in a crisis, but rather the real issue is how we deal with our current situation.  Some advocate letting the free markets play themselves out with little government intervention.  Ron Paul, the conservative […]

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       The financial news over the last couple of weeks has raised deep concerns that we are heading for a recession.  Rather than scaring smart investors, many look for increased opportunities in real estate and other investments during these difficult times.  The Fed has taken a major step to try to curtail some of the […]

Luxury Mortgage Group is one of the most positive lenders in the country.  Do a Google search for “positive mortgage news” and you’ll see us highly ranked.  However, the importance of the following cold hard economic data and further analysis is of such great importance that I feel it must be seen and understood by […]

As expected the Federal Open Market Committee voted to cut the fed fund rate by 25 basis points to 4.25% today.  Central bankers were a little wimpier with their discount rate cut – clipping the rate by 25 basis-points rather than the 50 basis points many analysts had anticipated. The Committee only made […]

Our former FED Chairman, Alan Greenspan, appeared on the daily show with host, Jon Stewart a few weeks ago. Jon took an inquisitive stab at our Federal Reserve system during the program. There are benefits and also major negatives to our current FED system. It was refreshing to see someone in the […]