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interest rates: Back in the Saddle at Active Rain!!! - 12/26/08 08:04 AM
I took off many months from Blogging and Predicting where the market would go because so many unpredictable events were happening on Wall Street and Main Street....        With so many new precedents being set, and rules being made up through Congress and The Treasury Dept I thought it would make more sense to watch what happening and learn from it, than to actually try to figure out why it all happened!!
I am still loving my job as a realtor and had 2 nice closings for $660,000 last week for my 1st settlements with my new company...    Keller Williams Real Estate … (1 comments)

interest rates: Is Bear Stearns Debacle really the bottom of the Market?? I don't think so..... - 03/19/08 07:51 AM
Without a doubt everyone wishes that Bear Stearns was still in business!!   It was an institution on Wall Street that no one wanted to see explode.  It seems though that as a company that Bear Stearns made some bets with some excessive risk that boomeranged right back at them and punched them where it hurts the most on Wall Street.   The bottom line.   When the bookie came to get the $...   The Gig was up!!   I wish Bear Stearns had made different bets!!  
Without Bear Stearns on Wall Street what is actual impact on the economy??    Probably not that much.  It weakens confidence a … (1 comments)

interest rates: What's more important.... Wall Street or Main Street....???? - 03/18/08 06:34 AM
With the actions of The Federal Reserve and JP MORGAN CHASE over the weekend in regard to the Bear Stearns bailout.... it leaves many to think about what's really important to The Federal Reserve and the Government.      Is the Fed more concerned with what happens on Wall Street or what happens on Main Street.      Without a doubt, it's tough to see how one doesn't affect the other in a lot of ways.
If consumers on Main Street stop spending money in their local stores....   Eventually Wall Street will feel the pinch.     If Wall Street and its constituents fall flat on their face it's … (4 comments)

interest rates: To Say That It's a Bear Market Is An Understatement!!! Bear Stearns Goes Out of Biz!!! Rates and stocks plummet... - 03/17/08 07:22 AM
I wrote about this late last week, and never thought that it would come to this.   BEAR STEARNS IS OUT OF BUSINESS!!    JP Morgan Chase has agreed...   at the Federal Reserve's urging to buy Bear Stearns for $2 a share....    This amounts to $240 million dollars or so.     
To put this in perspective Bear Stearns stock price was in the Mid $150's about a year and a half ago...     
At the start of last week it was worth more than $59 bucks a share...    and at the close of Fridays stock market..     It was in the low $30's.     Beaten and bloodied no one … (3 comments)

interest rates: Inflation... Is just an UGLY WORD!!!!! Read More!! - 03/08/08 07:12 AM
I don't think anybody has a good idea of what lies dead ahead of us when it comes to the economy.     Not Ben Bernanke....   not anyone.     Just when most realtors and mortgage professionals think interest rates should be moving down and helping out with the floundering real estate market....     They move up, and make things even more difficult!!
With Oil topping $105 for the first time in history it's tough to say that inflation isn't part of our everyday life.  
People don't have to pay $5 a gallon of gas, or $10 for a sandwich and a drink to know that prices have moved up on … (7 comments)

interest rates: Mortgage Backed Securities Take A Punch To The Face!!!! OUCH!!! - 03/07/08 07:40 AM
In case you just climbed out from beneath your rock....     Rates are skyrocketing in the mortgage market.   
The mortgage market took a couple of punches off the snout yesterday.     A good ONE   TWO jab and upper cut which hurt new home purchasers about a quarter in interest rate.
A large bank, Thornburg has gotten themselves into HOT WATER.   The ugly word margin call has entered Thornburg's picture it seems.    
This weakness in what was a good bank has helped fuel a dramatic sell of mortgage rates of all terms.   The reasoning is that if a bank like Thornburg can make a miscalculation like this to jeopardize … (4 comments)

interest rates: Where does the market go from here??? - 03/04/08 07:11 AM
It's been fun to see the guys on CNBC in the morning argue both sides of the argument so enthusiasticly.    Actually there are so many sides of the argument to include when speaking about the US stock market and bond market.    I have seen more than a couple of veins popping out of foreheads from the likes of Charlie Gasparino, Ron Insana, and Steve Leaseman.      So many times in a market where it's difficult to see where we are going it is easy to argue multiple outcomes for the short and mid term. 
We even got to see Ben Bernanke (THE BEARDED … (3 comments)

interest rates: It's time to take the guess work out of real estate transactions!!! Keep your clients on the Red Carpet!! - 03/03/08 06:07 AM
After reading Joey R's blog about fraud at the settlement table in regard to seller assist/assistance I thought it is important to map out some ways to avoid things like this happening.       One great way that I am able to make my mortgage clients lives easier (I sell both real estate and mortgages)  is to make a drop dead date 1 week before settlement.    
This means that I want ALL of my conditions on my clients conditional loan approval to satisfied at least 1 week before settlement.     By achieving and working with this earlier(7 days) drop dead date, if anything pops … (3 comments)

interest rates: HAPPY LEAP DAY!!! Interest rates plummet... ARE YOU READY TO SELL SOME HOUSES?? - 02/29/08 06:31 AM
Well Folks it's that time of year again.     Errrr..       You know what I mean!!     Happy Leap Day!!! 
The real estate industry and the mortgage industry have a lot to celebrate this LEAP DAY....             In the past 5 days the Bond Market has seen a complete turnaround to the tune of about 30 basis points...      The overnight 10 year US treasury is hovering at 3.63% after slowing falling during the day yesterday from 3.79%...       
This is a HUGE move, and should put a BIG SMILE on so many faces in AMERICA.     Rates had climbed over .50 percent over the past month or so without much … (2 comments)

interest rates: What will Bernanke have to say today??? - 02/27/08 07:48 AM
The bond market put up a mild rally yesterday after Fed Governor Kohn said his piece.     The 10 year bond opened at 3.83% versus 3.92 on Monday morning.     The big news today in that Bernanke will testify about monetary policy.    This Fed seems more able and more comfortable to speak its mind.   The latest telling stat about the looming recession is that 45% of Economists believe that a recession is imminent.    The other 55% think that we will skirt a recession or avoid it entirely.    Chances are that The Fed will continue it's easily policy in the coming months in an effort … (2 comments)

 

Chris Catanese

Blue Bell, PA

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Ultimate First Time Buying Guides/Keller Williams Real Estat

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My blog is dedicated to bringing cutting edge market information to my clients and colleagues. I wrote my Ultimate First Time Buying Guides to empower, educate, and motivate new home buyers across the country. Email me to get a FREE copy of my copyrighted Ultimate First Time Buying Guides!!


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