Consider this: What we homeowners love about our homes… others may see, hear and even smell differently. But who has the budget for a complete remodeling overhaul? Here’s your solution: Using the furniture you already have to stage your home can make as much of an impact on buyers as remodeling. And the difference in savings is significant.
Speaking in Boston at the Managed Funds Association Seminar on Sound
Practices for Hedge Fund Managers, Acting Undersecretary for Domestic
Finance Anthony Ryan said on Monday he expects GSE legislation to
be passed soon by Congress.
Speaking in multiple interviews over the weekend, U.S. Treasury
Secretary Henry Paulson continued to push for his plan to provide an
unlimited line of credit to government-sponsored
enterprises (GSEs) Fannie Mae and Freddie Mac to prevent the institutions
from going under.
According to Scotiabank’s Global Outlook released
Monday, sharp monetary policy easing, a generous fiscal stimulus package
and massive liquidity injections are not sufficient to ward off a
deterioration in U.S. economic conditions as the subprime crisis
continues to take its toll on the economy and government
spending soars to unprecedented levels.
According to economists and strategists, the U.S. housing
market is going to be the top news in the U.S. Along with new
and existing home sales, the Fed beige book and the durable goods report
will provide important glimpses into the economy. In Canada, markets will
pay attention to retail sales and inflation data.
The Wall Street Journal reported Monday morning that the Federal
Deposit Insurance Corporation (FDIC,) rather than being
part of the solution to the subprime mortgage crisis, was actually
among those institutions that caused it.
Current Rate: 2.00%
Next Rate Decision: Aug. 5
Market
Expectations: The OIS implied rate suggests markets are 16% priced in for
a 25bp hike at the next meeting and are pricing in a 41%
chance of a quarter-point hike at the September meeting.